Pancontinental Uranium Corp.

Published : May 26th, 2009

Big Money, Small Uranium Sector

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Keywords :   China | Crisis | Japan | Market | Uranium |


  



 
 
 

Dear Pancon followers,

 

I'm passing along a brief article from a new newsletter put together by Dave Forest of Calgary, Alberta. We met Dave over two years ago when he was working with Casey Research and he is embarking on some new projects and has stayed in touch with us. Thanks, Dave.

 

You will see the excerpt really makes the point that the U market is small, very small. It has been my contention for some time that our Australian properties, and particularly the 132 km of the unconformity at Chilling, represent an exploration upside like very few properties in the world.

 

The "retail" investor has largely forsaken the risk of pure exploration plays the past few months, but the resurgent interest in Uranium, as evidenced by the article below, and, also uranium stock prices recently, may portend Uranium exploration companies' revival, because the reward side of discovery is again becoming more certain as the world (and China) moves to Uranium to meet more and more of its energy needs.

 

To that end, Crossland CEO Geoff Eupene will be in Vancouver to meet analysts and brokers on Monday, June 1 and will do the same in Toronto on June 2 and the morning of June 3. I have asked Geoff to bring detailed maps of our Chilling and Charley Creek projects and focus on the size and scope of the opportunity these two projects bring to our shareholders. 

 
Best regards,


Rick Mark

President and CEO,

Pancontinental Uranium Corp.




The following article is an excerpt from Pierce Points free weekly e-newsletter. If you are interested in subscribing to receive the newsletter, please visit www.piercepoints.com.

Big Money, Small Uranium Sector

 

Everyone wants uranium these days. The Chinese government said last month it is looking to buy ownership of Australian uranium-producing companies. Japanese firms have concluded a number of uranium deals recently. In February, a syndicate led by Tokyo Electric Power Company paid C$270 million for a 20% stake in Canadian uranium producer Uranium One. Other nations see the demand for uranium increasing. And they don't want to "miss the party". This month Korea Electric Power Corp became the latest player to announce intentions of buying uranium production. The company's president Chang Joo Ok told officials at a meeting in Perth, "We are very strongly looking at Australian uranium projects. We are focusing on companies producing uranium because we need to secure stable supplies."

 

  

This isn't just talk. Korea Electric already concluded one deal in the uranium sector this past April, agreeing to buy 20% of Canadian uranium producer Denison Mines for C$75 million. Korea is serious about buying uranium. And just like China and Japan, they�re looking for more deals to come.

 

The problem for uranium is: what do you buy? The uranium mining sector is small. Mining radioactive material takes specialized expertise in dealing with health, safety and environmental issues. A significant barrier to entry for new miners. That's why 90% of the world's uranium production comes from just 10 companies.

 

This poses a difficult situation. We have a growing number of nuclear power companies looking to buy uranium production. And a very limited number of producing companies to choose from. This leaves would-be uranium buyers with a tough choice. Get into a bidding war with their competitors and risk overpaying.(Especially an issue for Korea, badly hit by the financial crisis, in competing with the deep pockets of China and Japan.) Or sit back and look for reasonably-priced deals, at the risk of having all of the decent assets bought by more aggressive buyers. Neither are particularly attractive options.

 


 

 

 

 

 

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Data and Statistics for these countries : China | Japan | All
Gold and Silver Prices for these countries : China | Japan | All

Pancontinental Uranium Corp.

EXPLORATION STAGE
CODE : PUC.V
ISIN : CA69834A1049
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Pancontinental is a uranium exploration company based in Canada.

Pancontinental holds various exploration projects in Australia and in Honduras.

Its main exploration properties are CHILLING, KALABITY, CROSSLAND CREEK and CHARLEY CREEK in Australia, OURSI in Burkina Faso and RIO RICO (CASAS DE VIEJAS) in Honduras.

Pancontinental is listed in Canada. Its market capitalisation is CA$ 2.5 millions as of today (US$ 2.0 millions, € 1.7 millions).

Its stock quote reached its highest recent level on November 05, 2010 at CA$ 0.79, and its lowest recent point on December 11, 2015 at CA$ 0.01.

Pancontinental has 99 510 000 shares outstanding.

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In the News and Medias of Pancontinental Uranium Corp.
3/26/2019Pancontinental acquires project in Ontario to explore for ba...
1/21/2019Pancontinental expands in Ontario's Montcalm Greenstone Belt
1/7/2019Pancontinental starts drilling Ontario nickel-cobalt-copper ...
Financings of Pancontinental Uranium Corp.
10/30/2012Pancon Completes First Tranche of Financing
4/27/2011Pancon Announces Private Placement to Raise Up to $3,120,000
Option Grants of Pancontinental Uranium Corp.
5/31/2013Retains Investor Relations Consultant
Project news of Pancontinental Uranium Corp.
4/16/2013(Charley Creek)Charley Creek REE Project Scoping Study Delivers Robust Econ...
1/30/2013(Charley Creek)Scoping Study at Charley Creek REE Project Due at End of Feb...
7/13/2011(Charley Creek)Encouraging Results From Alluvial Rare Earth Exploration Pro...
4/19/2011(Charley Creek)Pancon Updates Charley Creek REE Project, NT. Australia
3/10/2011(Charley Creek)High Value Rare Earth Elements ("REE") Stream Sediment Resul...
Corporate news of Pancontinental Uranium Corp.
7/24/2015July 15, 2015 Pancon and Essential Mining Resources Extend C...
4/1/2015Pancon Receives Deposit as Part of the Sale of its Interest ...
1/15/2015Pancon to Sell Its Interest in the Crossland Joint Venture
10/22/2013(Charley Creek)Drilling Program Targeting Higher-Grade Starter Pits to Comm...
10/10/2013Clarifies Disclosures
8/7/2013Pancon's JV Partner, Crossland, Announces New Director / Sub...
1/14/2013(Charley Creek)Crossland Appoints Dr. Tony Chamberlain as Chief Operating O...
10/25/2012(Charley Creek)Charley Creek REE Project Scoping/Preliminary Economic Asses...
9/19/2012Outstanding Results as Crossland/Pancon Completes Initial He...
12/16/2011ASX Announcement - Malta
4/5/2011(Charley Creek)Crossland Recommences Drilling at Charley Creek, NT, Austral...
3/15/2011Crossland CEO, Geoff Eupene, Interviewed on REE Results and ...
5/26/2009Big Money, Small Uranium Sector
2/14/2008Provides 2008 Exploration Plan for its Australian Properties
9/27/2007presents a Shareholders Update from Crossland Uranium
9/12/2007CENTRAM CHANGES NAME TO PANCONTINENTAL URANIUM CORPORATION
8/11/2007Centram Exploration completes Charley Creek Survey
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