Business
Urasia Energy Ltd. secures first sales contract
Urasia Energy Ltd. secures first sales contract.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n\nTrading Symbol (TSXV: UUU)\n\nVANCOUVER, Feb. 27 /CNW/ - Urasia Energy Ltd. (\"Urasia\") is pleased to\nannounce it has entered into an agreement for the supply of uranium\nconcentrates from its Akdala uranium mine in the Republic of Kazakhstan. The\nCompany has a 70% interest in the Betpak Dala Joint Venture, which has a 100%\ninterest in the Akdala uranium mine 'Akdala'.\nAkdala is expected to reach full production of 2.6 million pounds U3O8 in\n2006. The contract is for the purchase of approximately 200,000 pounds U3O8\nfor delivery in 2006 to a major Western utility company. As a new producer in\nthe industry, from Central Asia, the Company is pleased to have finalised its\nfirst contract with a Western utility, and the first new contract since it\nacquired its interest in the Akdala uranium mine in November 2005.\n\nUrasia Energy is a Canadian-based uranium producer that offers investors\nexposure to lowcost, uranium production and growth. The Company plans to\ncreate shareholder value by focusing on development and operation of low-cost,\nin-situ leach uranium projects in Central Asia.\n\nUrasia is listed on the TSX Venture Exchange, trading under the\nsymbol UUU.\n\nOn behalf of Urasia Energy Ltd.\n\n\"Phillip Shirvington\"\nPresident and Chief Executive Officer.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. The foregoing\ninformation may contain forward-looking statements relating to the future\nperformance of UrAsia Energy Ltd. Forward-looking statements, specifically\nthose concerning future performance, are subject to certain risks and\nuncertainties, and actual results may differ materially. These risks and\nuncertainties are detailed from time to time in the Company's filings with the\nappropriate securities commissions.\n\n\n","length":1890,"tagName":"div"}]