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U3O8 Corp. Reports on Positive Developments for the Resource Sector in Argentina from Policies Adopted by the New Government
U3O8 Corp. Reports on Positive Developments for the Resource Sector in Argentina from Poli...
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[{"type":"text","content":"\n\n\n\nU3O8 Corp. Reports on Positive Developments for the Resource Sector in Argentina from Policies Adopted by the New Government\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nU3O8 Corp. Reports on Positive Developments for the Resource Sector in Argentina from Policies Adopted by the New Government\nCanada NewsWire\nTORONTO, Jan. 13, 2016\n\n\n\nTORONTO, Jan. 13, 2016 /CNW/ - U3O8 Corp. (TSX: UWE, OTCQX: UWEFF, SSE: UWECL) (\"U3O8 Corp.\" or the \"Company\") reports on significant changes that have been made by Argentina's new government that are likely to boost foreign investment in general, and in the mining and energy sectors in particular. These changes are significant for U3O8 Corp. whose most advanced project – the Laguna Salada Uranium-Vanadium Deposit - is located in Argentina.  \n\n\"President Macri's new government in Argentina has had an impressive and exemplary first 30 days in office,\" said Richard Spencer, President & CEO of U3O8 Corp.  \"The government has moved quickly to re-establish the credibility of the central bank, has eased foreign exchange restrictions, and done away with limits on the repatriation of earnings and dividends.  The importance of mining in the new administration has been underlined by the fact that, for the first time in Argentina's history, it now has ministerial level representation.  And nuclear now has a clear function, alongside renewable energy, in the Electrical Energy Secretariat within the Ministry of Energy and Mines, as a source of carbon-free electricity.  The Argentine government is sending a strong message that Argentina is open for business\". \n\nSince the new government took over the administration on December 10, 2015, it has moved quickly to re-establish fiscal credibility and, of direct importance to the extractive industry, has structured the Ministry of Energy and Mines into a logically organized entity.\n\nFinancial Framework\n\nSince taking over the administration, the new government has:\n\n\nAppointed Dr Federico Sturzenegger as governor of the Argentine Central Ban...