Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	UNX
Latest Price:	0.35 (1.43% )
52-week High:	0.67
52-week Low:	0.28
Market Cap:	63.42M

1 year chart

1 day chart

Uranex

Uranex (ASX: UNX) is uranium exploration and development company with a diverse pipeline of projects in Australia and Africa.

The company holds an extensive portfolio of uranium exploration targets in the east African nation of Tanzania, including an initial resource estimate for its Manyoni Project in the Bahi Region of central Tanzania. Uranex’s exploration activities in Tanzania have resulted in the emergence of two separate uranium provinces at Bahi and Mkuju.

Uranex in capital raising trading halt, uranium market red-hot again

Tuesday, June 23, 2009

Uranex (ASX: UNX) has requested a trading halt, pending an announcement by the company about a "substantial capital raising by way of a share placement" until Thursday 25 June 2009.

Uranex last traded at 40 cents. This continues the recent spate of capital raisings by uranium developers and explorers, as medium term supply worries re-surface and ignite investor interest.

The uranium explorer recently commenced the Pre-Feasibility Study for its Manyoni Project in Central Tanzania, following positive Scoping Study results.

The Study is scheduled for completion by December 2009 for the prospective Manyoni Project.

The current Manyoni JORC Inferred Resource is 15 million pounds of U3O8 above 100ppm U3O8. A new rig will provide low cost, high quality samples for the upgrade of the resource in 2009.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.