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UNOR Inc.

TICKER:  UNI:TSX.V
DESCRIPTION:  UNOR has commenced its 2007 $7.0 M uranium and diamonds exploration program on 2.7 million acres, an exploration area increase of 414% over 2006, in Nunavut, Canada. In 2006, Cameco, the world’s largest uranium producer, acquired 19.5% of UNOR and Jerry Grandey, President & CEO said, “this agreement strengthens our efforts to identify new uranium reserves for the future. Cameco gains the right to participate in the exploration of new regions and adds the expertise of a solid technical team to our knowledge base.” The Cameco investment provides to UNOR ongoing uranium technical knowledge, support and exploration opportunities.
WEBSITE:  http://www.unorinc.com/
Corp. Report - Mark Whistler 2/08

The information below is based on the most recent information we have received from analysts and the companies participating in The Energy Report. We encourage you to visit the company's web site for updates.

The Uranium Report The Hornby Bay basin is the third (and final) of Canada’s unconformity-style basins and it could hold some massive uranium deposits. UNOR has the largest presence in the Hornby Bay basin, with 100% owned Coppermine River Group and Asiak River Group uranium mineral properties.

Just to paint a picture of what the company could be sitting on, UNOR states, “Cameco's McArthur River deposit in the Athabasca basin is reported to contain 540 million pounds of U3O8. At US $85.00 per pound, this equates to a contained value of US $45.9 billion. In terms of a gold equivalent, at US $700 per ounce (to be really conservative), the same deposit would have to contain over 60 million ounces of gold to be as valuable.

Even the Rabbit Lake deposit, while smaller, is reported to contain annual production of 12 million pounds of U308 ($1.02 billion each year at current market prices) and is more valuable than a 6 million ounce gold deposit - at US $700/oz.”

Bottom Of The Ninth, Bases Are Loaded

With all of the aforementioned in mind, what makes the UNOR story interesting is the simple fact that the company could easily be sitting on a deposit similar to those in the Thelon and Athabasca basins. And, UNOR could be very close to uncovering a mega-deposit, perhaps as soon as this year. (1/08)
Download full report
- Mark Whistler

The Uranium Report "In Canada, all of the present uranium that’s mined comes from two Proterozoic basins. However, there is a third basin - the Hornby Bay basin - containing the same type of geology, but has yet to be tapped. And one company Canadian company, UNOR Inc., owns the bulk of the claims and leases.

We asked CEO, George Bell about what’s happening now, and what could be in store for 2008...Bell: "Cameco is a very important part of our company. In 2006, we began speaking to Cameco and cemented the deal in June of the same year. Cameco purchased 19.5% of the company at that time, with the right to maintain it’s ownership, if we were to seek any additional financing in the future... Most important though, Cameco has taken its position, because they know the unconformity-style deposits within our claims and leases hold significant potential.

I can’t fully divulge results from the 2007 season yet, as we are yet to receive geochemical results back yet. However, geophysical indications lead (which we’ve already published), lead us to believe there are significant pathfinder veins, alluding to larger deposits, which we will attempt to verify this season."(1/23/08)
- traderdaily.com

The Uranium Report "UNI has a large strategic land holding in a prime basin with good potential for high grade unconformity targets. The company has strong technical capability assisted by CCO, a good understanding of geologic model target types and has had initial success in a relatively under- explored region. With a market cap. of C$31m (dil.) and advancing drill programs targeting large scale deposits, it is an interesting, albeit early stage portfolio addition. Capital raising anticipated 1Q08."(12/07)
- Resource Capital Research

The Uranium Report "...what makes this little stock interesting is that the company could potentially be sitting on some of the world’s largest uranium deposits.

UNOR is presently exploring property in Eastern and Western Nunavut, the territory just north of Saskatchewan. The company’s claims in Western Nunavut are all within the Hornby Bay basin, which is the last of Canada’s three unconformity basins to be explored. The other two basins, similar in geology, account for all of Canada’s present uranium production and include mega-mines such as Cameco’s Cigar Lake . If the Hornby Bay basin contains deposits similar to Cigar Lake, UNOR could quickly become a 10-bagger for investors.

It’s also important to note that Cameco recently bought 19.5% of UNOR, meaning that obviously Cameco also sees the potential UNOR could hold..."(10/16/07)
- TraderDaily.com

The Uranium Report "UNI’s shares are ~58% off their year high (C$0.67/share) in line with the general pull back in the sector following the US sub-prime market rout. UNI has a large strategic land holding in a prime basin with good potential for high grade unconformity targets. The company has strong technical capability assisted by CCO, a good understanding of geologic model target types and has had initial success in a relatively under-explored region. With a market cap. of C$34m, it is an interesting, albeit early stage portfolio addition. Capital raising anticipated 4Q07-1Q08."(9/25/07)
-JOHN WILSON, RESOURCE CAPITAL RESEARCH

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