Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: ASX / TSX-V
Sector: General Mining
Epic: WCU
News: Latest news
Web Site: White Canyon Uranium Ltd
Other Articles: 17-02-201015-02-201029-01-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Tuesday March 16, 09:00Mercator Gold raises £422,500 through placing

The company has placed shares with institutional and ultra high net worth investors, and the proceeds will allow it to develop existing projects and pursue new projects of merit

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
White Canyon Uranium Ltd

White Canyon Uranium Ltd

White Canyon Uranium is the newest uranium production company listed on the ASX and TSX-V, 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.  The company has U3O8 upside of 10 million pounds within 3 years, and is well placed to establish a 10 year mine production schedule.

CLICK HERE FOR FULL ANALYSIS OF WHITE CANYON URANIUM LTD
Friday, January 29, 2010

White Canyon Uranium caps off most successful quarter, ASX uranium producer

company news image

White Canyon Uranium (ASX: WCU) capped off its most successful quarter in its history - joining the select ranks of uranium producers listed on the Australian Stock Exchange. The list includes: Energy Resources of Australia (ASX: ERA), Paladin Resources (ASX: PDN) and now White Canyon Uranium.

Junior WCU does not have the resource base of its brethren, it does have a Toll Milling Agreement locked-in with Denison Mines (TSX:DML, NYSE AMEX:DNN).

Denison will process all material produced from White Canyon’s owned and operated Daneros project in Utah.  The agreement has a three year term with an optional two year extension and commences in January 2010.

Initial production is to be sourced from the Daneros mine, which is located approximately 100kms from the White Mesa complex. Additional production is expected to be sourced from the Company’s Lark Royal, Geitus, Blue Jay, Marcy Look and Yellow Cat projects, which are also in close proximity to the White Mesa Mill.

White Canyon will transport material produced to Denison’s White Mesa Mill for processing of up to 55,000 tons per annum. The Company will pay to Denison the direct costs to mill its material produced, a capital charge plus a toll milling fee per ton of ore, which will be partly linked to the long‐term uranium price.

Processing will be scheduled by Denison and can commence after the production and stockpiling of 36,000 tons of White Canyon material. First processing of Daneros ore is expected in H1 2011 allowing White Canyon to meet expected delivery dates in H2 2011.

It is likely WCU will seek a contract buyer, rather than sell its uranium into the spot market. White Canyon could be looking at a sale contract to deliver 200,000 pounds of uranium ore in July 2011, and potentially another 100,000lbs by December 2011.

WCU announced an underwriting agreement with Cunningham Peterson Sharbanee Securities Pty Ltd for the outstanding listed options (ASX: WCUO) that are presently on issue and due to expire on January 29, 2010.

WCU will kick exploration and mining feasibility studies into high gear with receipt of the funds. White Canyon said it expects production rates to increase with additional mines coming into production as a result of this work.

The process of applying to list on the TSX Venture Exchange is progressing. This is a compliance listing only with no fundraising associated with the process.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other White Canyon Uranium Ltd articles


Other White Canyon Uranium Ltd news

More news ►

Investors interested in White Canyon Uranium Ltd recently viewed


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.