Penny Stocks Alert Watch: TTNC
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Business Summary: TTNC
Summary: NA Article: More on TTNC While you are researching TTNC here are some articles suggesting uranium is going to rally again: Uranium Demand will stay high, says Miner Real uranium price should be $120/lb, Wits prof tells conference Energy Resources says realized uranium price to rise in 2008 Make sure TTNC is on your watch list, it may easily bounce back to highs made earlier this week. Oil prices are up, there is no question about that. TTNC realizes that as oil prices go up though, more attention is also brought upon alternative sources of energy, such as uranium. TTNC knows that uranium is a source of energy that can be developed in a large amount. The demand for oil is crazy and is not going to lessen anytime soon! According to the International Energy Outlook 2007, the world marketed energy consumption is projected to increase by 57% from 2004 to 2030! TTNC is a uranium exploration company that is focused on the acquisition and development of high-quality uranium properties. Our population is over 6 billion right now and growing at the rate of 90 million a year! It is expected that we'll reach 8 billion by 2025! TTNC has entered into a twelve-month financing agreement with Swissalis Group AG of Zurich, Switzerland. The agreement between TTNC and Swissalis calls for Swissalis to contribute $1.5 M USD in financing to support TTNC's business plan. TTNC's business plan is currently centered on advancing two important uranium projects: the Firefly project in south central Utah and the Wapata Lake project in the prolific Athabasca region of Saskatchewan, Canada. The largest deposits of uranium are found in Australia, Kazakhstan and Canada. TTNC's focus is the United States and Canada, where they have acquired uranium properties in Wyoming and Saskatchewan's Athabasca Basin. TTNC has acquired a 100% interest in exploration permits covering 633,192 acres in the Athabasca Basin. The extremely high-grade nature of the deposits and the low discovery costs make it the most prospective exploration region in the world The Athabasca Basin in northern Saskatchewan is the world's largest producer of uranium, accounting for about one third of the world's uranium mine output! This is a huge property for TTNC! Since 1968, there have been 18 deposits totalling over 1.4 billion pounds of uranium discovered in the region. The Athabasca Basin occupies an area of approximately 100,000 sq km in northern Saskatchewan. This is all very promising for TTNC as Canadian production is expected to increase further as more new mines come into production. The Eastern Athabasca Basin is home to the largest and richest uranium deposits in the world. These include the operating McArthur River Mine with reserves of 436 million pounds of U3O8 with an average grade of approximately 25% and the Cigar Lake Mine with reserves and resources of 350 million pounds with an average grade of approximately 19%. TTNC's Firefly Project is located in San Juan County Utah. The region holds hundreds of former uranium mines, most mined by underground methods. TTNC's targets at Firefly are deposits containing 10 million+ lbs of U3O8 with significant V2O5 co-credits that can be mined by modern and safe, low-impact underground methods that will yield ore to be processed in a fully permitted central mill. TTNC's corporate strategy is to acquire advanced-stage uranium properties that are either past producers, have been the subject of prior work programs, and/or contain historic resources. More information on TTNC is available at their website: http://www.tectoncorporation.com |
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