Business
Uranium One Announces Financial Results for Q2 2006
Uranium One Announces Financial Results for Q2 2006.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n\nTrading Symbol: SXR - Toronto Stock Exchange, Johannesburg Stock Exchange\n\nTORONTO and JOHANNESBURG, South Africa, Aug. 15 /CNW/ - sxr Uranium One\nInc. (\"Uranium One\") today reported unaudited financial results for the\nquarter ended June 30, 2006. All figures are in US dollars unless otherwise\nindicated.\nComplete details of the June 30, 2006 financial statements and\nmanagement's discussion and analysis of the second quarter, along with trends\nand factors which are likely to impact the balance of the 2006 financial year,\ncan be found on Uranium One's website at www.uranium1.com as well as SEDAR at\nwww.sedar.com.\n\nHighlights during the quarter include:\n\n>\n\nCommenting on the Corporation's progress, Neal Froneman, President and\nCEO of Uranium One said: \"We have reached a number of important milestones in\npursuing our strategy of becoming one of the world's major uranium producers.\nWe have been able to declare our first uranium reserves with the completed\nDominion feasibility study. We are on target to begin producing uranium in the\nfirst quarter of 2007 and as such within months we will be an active uranium\nproducer with a steadily increasing uranium production profile. Our global\ngrowth strategy continues to move forward with the recent announcement of two\nkey acquisition opportunities in the United States. We will continue to\ndevelop our exciting pipeline of uranium projects.\"\n\nAbout sxr Uranium One\n\nsxr Uranium One Inc. is a Canadian uranium and gold resource company with\na primary listing on the Toronto Stock Exchange and a secondary listing on the\nJohannesburg Stock Exchange. The Corporation owns the Dominion Reefs Uranium\nMine in South Africa and the Honeymoon Uranium Project in South Australia, as\nwell as a number of exploration projects. The Corporation holds an approximate\n75% interest in Aflease Gold Limited, which owns the Modder East gold project\nin South Africa. Through a joint venture with Pitchstone Exploration Ltd., the\nCorporation is also engaged in uranium exploration activities in the Athabasca\nBasin of Saskatchewan.\n\nCautionary Statement\n\nNo stock exchange, securities commission or other regulatory authority\nhas approved or disapproved the information contained herein.\n\nThis News Release includes certain \"forward-looking statements\" within\nthe meaning o...