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TICKER: URE.TO WEBSITE: http://www.ur-energy.com The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates. "There are a few companies doing ISR [in-situ recovery], where instead of underground or open pit mining to get the uranium out of the ground, you flush water through certain uranium systems and extract the uranium through water extraction. It's less harmful to the environment, and it’s very low cost, but it’s highly technical so you need a very experienced team of people who know what they’re doing. There are only seven or eight teams that really have the technical knowledge to do that effectively. Two to look at on the ISR side here in the U.S. are Uranium Energy and UR Energy. They are the only two ISR projects that I know of who have already filed their permits. In other words, they could be the first two companies to be in production using ISR to produce the uranium in the U.S. in the next couple of years. It is about an 18-month process, and they both have submitted their applications for those permits in August, September of last year. So, the clock is running — by 2009, both of those companies could be producing. So, those are the prettiest girls on the block, so to speak."(4/22/08) - The Gold Report Interview with Greg McCoach, Part III |
