There could be yet another key reason Utah Uranium is a likely takeover target. Location, location, location. It’s properties are located in the uranium-rich Henry Mountain region and they are just minutes away from the only uranium processing mill in the United States.
This is prime uranium property.
And Uranium One is likely to get some competition for UTUC. Bidding wars are always nice for the stockholders of the company being acquired. But you must buy UTUC now.
Utah Uranium certainly isn’t sitting around waiting.
23 more claims
Just last month, Utah Uranium announced the signing of an agreement to purchase 100% interest in the “Wild†claims, 23 mineral claims within the Henry Mountain Syncline of East Central Utah.
Do you know about this part of the country? If you do, then you know about Christian (Ted) Murer.
He’s the geologist who made the first uranium discovery in The Henry Mountain region, in 1980. Utah Uranium acquired the 23-claim “Wild†from this legendary uranium prospector.
Is that a guarantee all the new UTUC claims will produce in gangbuster numbers? Pretty darn close. Ted Murer is something of a genius in the field.
Lower Risk, Without Giving Up Rewards
Risky mining speculation is minimized because Utah Uranium‘s acquisitions are proven producers of uranium -- with mining infrastructure in place.
In the Henry Mountain District, for instance, the first major discovery of uranium was made in the 1980s, known as the Tony M Mine. This mine developed into a 12,920,000 pound resource of refined uranium. And the Bullfrog Mine, located right next to the Tony M, consists of an additional 5,300,000 pound producer.
Exploration Geologists Christian (Ted) Murer discovered the Tony M mine in the Henry Mountain Mining District. And he is now working with Utah Uranium (OTCBB: UTUC), using similar uranium discovery methodology.
Utah Uranium‘s business plan centers on the project generator model. This means the company will bring in joint venture partners on all of the projects to cover all the costs associated with the acquisition and development of the mines, leaving Utah Uranium with a 50% carried interest.
This model allows Utah Uranium to grow rapidly without spending excessive amounts of capital. Hence, the company is able to issue fewer shares for cash, keeping the shares’ dilution to a minimum.
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