Wednesday, April 19, 2006

April Uranium News

(1) Japanese power companies are actively seeking new uranium sources, signing JV agreements with uranium companies around the world. Japan wants to cut down on its oil reliance and nuclear power seems to be the way to go for them. If you remember, two Japanese companies are invested in Cameco Corporation's (NYSE:CCJ TSE:CCO) Cigar Lake mine.

(2) Queensland, one of the Australian districts, is politically divided over allowing uranium mining. Its current premier wants to defer debate for a year, which could definitely affect Australian uranium juniors with interests in that region.

(3) Bayswater Ventures Corp. (TSX VENTURE:BVE) and Pathfinder Resources Ltd. (TSX VENTURE:PHR) are merging to form a bigger uranium junior, with uranium properties in both Canada and Nigeria. This is probably a sign of things to come as the sheer number of uranium juniors will create impetus to merge and form bigger uranium juniors.


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