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Western Uranium Profile

Western Uranium Corporation (WUC) is a Canadian based resource company focused on exploration, acquisition and advancement of uranium properties primarily in North America. The company operates in the United States through its wholly owned subsidiary Western Energy Development Corp. and in Canada through its wholly owned subsidiary Ruby Hill Exploration Inc. To date the company has acquired three properties located in Nevada and New Mexico, previously explored during the last uranium cycle by Chevron Resources, Exxon, and Conoco. All properties have drill defined mineral inventories along with considerable exploration potential to host additional pounds of uranium. Through staking efforts and leases WUC holds over 60,000 acres of prospect-able ground in geologically favorable environments in the US. Through the acquisition of Ruby Hill Exploration Inc. the company acquired 486,000 acres of highly prospectable ground in the Thelon Basin. The Thelon Basin is geologically similar to the Athabasca Basin which produces nearly 30% of the world uranium requirements from high grade uranium deposits. The Thelon Basin is under-explored relative to the amount of exploration activity conducted in the Athabasca Basin. The land position Western Uranium Corporation holds in the Thelon Basin affords the company an opportunity to discover a high grade uranium deposit.

Last changed at 25-Jun-2008 05:45PM by DonnyParks