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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

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Sincerely,

George et al

Message: Lower costs, higher grades are key for U308 to attract attention
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Uranium-focused resource companies paid attention to the changing uranium landscape this week after major producer Kazakhstan said it would curtail output by 10%, pushing spot prices higher."
 
Dr. Richard Spencer, U3O8 Corp.'s President and CEO was interviewed by Mining Weekly Online. In this article, Mining Weekly explores the opportunities of resource expansion, cost reduction and upside characteristics of the Laguna Salada project in Argentina. 
 
"A reduction in both operating and capital costs, combined with higher grades, would have a marked impact on the economics of the project - it is likely to make Laguna Salada one of the lowest-cost potential producers in the industry, according to Spencer."
 
"... vanadium accounts for about 14% of revenue in the economic assessment at Laguna Salada.", "we're starting to see exponential demand growth from the battery industry from lithium-ion batteries that have a vanadium component, and also from vanadium redox batteries that have huge energy storage capacity potential."
 
To read further, the full article is on Mining Weekly, click here.
 
About U3O8 Corp.
U3O8 Corp. is focused on exploration and development of deposits of uranium and associated commodities in South America. Potential by-products from uranium production include commodities used in the energy storage industry - in the manufacture of batteries - such as nickel, vanadium and phosphate. The Company's mineral resources estimates were made in accordance with National Instrument 43-101, and are contained in three deposits:
  • Laguna Salada Deposit, Argentina - a PEA shows this near surface, free-digging uranium - vanadium deposit has low production-cost potential;
  • Berlin Deposit, Colombia - a PEA shows that Berlin also has low-cost uranium production potential due to revenue that would be generated from by-products of phosphate, vanadium, nickel, rare earths (yttrium and neodymium) and other metals that occur within the deposit; and
  • Kurupung Deposit, Guyana - a uranium resource has been estimated in four veins within a uranium-zirconium vein system.  Resources have been estimated on four veins, while consistent mineralization of the same type has been intersected in scout drilling of an additional six veins, while yet other veins require first-time exploration drilling.
Information on U3O8 Corp., its resources and technical reports are available at www.u3o8corp.com and on SEDAR at www.sedar.com.
For information, please contact: 
 
Richard Spencer, President and CEO 
        
TSX: UWE
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