Investor Info
In the mid 2004's, the uranium supply versus demand equation was fated to seriously drive prices higher and with oil now at over $60 a barrel, uranium is growing as the new favorable energy source.
The gap between primary mine supply and consumption has existed for decades with the gap filled by stockpiles. Now however, the stockpiles are depleted, and as the world's energy consumption increases with large developing nations such as China, the demand for power is greater than ever.
There are thirty plus nuclear reactors scheduled to be built in China and twenty-four in Russia by 2020 in addition to the thirty-something currently under construction worldwide. New reactors create a dramatic need for supply of source materials with uranium's demand rising further.
Our objective at Nova Uranium is to contribute supply to the energy shortage, support an environmentally friendly power source and create superior returns for shareholders through further advancing the undeveloped Mont-Laurier region of Quebec.
Extensive exploration in the late 60's and early 70's outlined numerous zones of uranium mineralization on Nova's property. Drilling allowed the estimation of uranium resources (not 43-101 compliant) that resulted in 21 showings falling into 6 groups.
In the mid 80's the property had extensive scoping study level mine and mill planning followed with a preliminary economic evaluation to which the results were very positive. However, falling uranium prices eventually led to the project being shelved until Nova acquired it in 2004.
A renewed interest in uranium as an economical and environmentally friendly energy source has sparked considerable interest in alternative energy with demand outpacing supply.
Management's depth of experience, knowledge and contacts in the mining and finance industries provide Nova with a significant opportunity to create superior shareholder value.
For further information or to learn more about the company and its future, please feel free to contact us at 1-800-398-5645
The gap between primary mine supply and consumption has existed for decades with the gap filled by stockpiles. Now however, the stockpiles are depleted, and as the world's energy consumption increases with large developing nations such as China, the demand for power is greater than ever.
There are thirty plus nuclear reactors scheduled to be built in China and twenty-four in Russia by 2020 in addition to the thirty-something currently under construction worldwide. New reactors create a dramatic need for supply of source materials with uranium's demand rising further.
Our objective at Nova Uranium is to contribute supply to the energy shortage, support an environmentally friendly power source and create superior returns for shareholders through further advancing the undeveloped Mont-Laurier region of Quebec.
Extensive exploration in the late 60's and early 70's outlined numerous zones of uranium mineralization on Nova's property. Drilling allowed the estimation of uranium resources (not 43-101 compliant) that resulted in 21 showings falling into 6 groups.
In the mid 80's the property had extensive scoping study level mine and mill planning followed with a preliminary economic evaluation to which the results were very positive. However, falling uranium prices eventually led to the project being shelved until Nova acquired it in 2004.
A renewed interest in uranium as an economical and environmentally friendly energy source has sparked considerable interest in alternative energy with demand outpacing supply.
Management's depth of experience, knowledge and contacts in the mining and finance industries provide Nova with a significant opportunity to create superior shareholder value.
For further information or to learn more about the company and its future, please feel free to contact us at 1-800-398-5645
