Monday, September 3, 2007 at 12:52PM
Niger Uranium, a new uranium company is to be floated on the London Stock Exchange for around £40 million on 13th September 2007 according to Britain’s The Telegraph.
This company is a joint venture between Northwestern Mineral Ventures of Canada and UraMin who were recently bought by the French giant Areva. UraMin began life on London’s AIM Exchange when it was floated for around £120 million to be taken out for £1.2 billion recently. The report goes on to say, “UraMin's management is now running Niger Uranium, which has eight licences in Niger and began drilling in June. It is some distance off producing uranium.”
The eight licenses are Irhazer, In Gall, Damas 1 to 4 and Dabala 3 and 4 and cover an area of 6,773 square kilometres.
Northwestern Mineral Ventures trades on the Toronto stock Exchange under the symbol NWT at around $0.70, and OTCBB as NWURF.
Please be aware that Northwestern Minerals has undergone a name change as is now known as NWT Uranium Corp
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