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Market: ASX
Sector: General Mining
Epic: .WCU
News: Latest news
Web Site: White Canyon Uranium Ltd
Other Articles: 28-01-201025-01-201018-01-2010

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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White Canyon Uranium Ltd

White Canyon Uranium Ltd

White Canyon Uranium is the newest uranium production company listed on the ASX, with production of development material at Daneros having commenced at the end of 2009 following the mine permit being granted in May 2009.  Daneros is the first new uranium mine permitted in Utah in 30 years.  

Whilst listed on the ASX a TSX-V listing is expected in February 2010.  The company has U3O8 upside of 10 million pounds within 3 years, and well placed to establish a 10 year mine production schedule.

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Friday, July 03, 2009

White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

by Proactive Investors company news image

Near term uranium producer, White Canyon Uranium (ASX: WCU) has a new Managing Director and CEO - Peter Batten - as of this week.

Previously, Batten helmed Bannerman Resources (ASX: BMN,TSX: BAN).  At Bannerman, he developed a sizeable uranium resource in Namibia and steered the company to a listing on the Toronto Stock Exchange (TSX).

Under his guidance the market capitalisation of Bannerman increased significantly.  The Bannerman share price increased from approximately 7 cents after the 3:1 share split to over $4 at one stage.  Batten was also instrumental in the development of another ASX listed uranium company, Berkeley Resources (ASX: BKY).

White Canyon's Daneros Mine has recently received its Permit to Mine from the Bureau of Land Management and the State of Utah on 27 May 2009. Mine operations and decline development have commenced.

The next milestone would appear to be an agreement for treatment of ore produced from Daneros.

In a recent interview, Batten said his plan over the next 12 months was to grow the company through a combination of expansion through exploration of the current assets, new regional exploration of conceptual targets within the current tenement holdings, "and the pursuit and purchase of additional opportunities."

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