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| |   August 01, 2006
Stock Options Granted
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| | Universal Uranium Ltd. (TSX-V UUL) (the "Company"), is pleased to announce that pursuant to Exchange policies and the Company's Stock Option Plan, an aggregate of 100,000 shares have been granted as incentive stock options at an exercise price of $0.48 per share. The options are exercisable for a period of five years, ending on July 31, 2011, and are subject to the requirements of the TSX Venture Exchange.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by an experienced and highly skilled board and management team with significant successes in managing early stage mineral exploration companies.
for all the latest news visit Universal's web site at:
www.universaluranium.com
TSX-V: UUL
Bill Galine T: 604 662 3903 x 107
Investor Relations F: 604 662 3904
Request Info Package: E: info@universaluranium.com |
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| | June 29, 2006
Airborne Radiometric Survey Starts in Central Mineral Belt
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| | Universal Uranium Ltd. (TSX-V UUL) (the "Company"), is pleased to announce that Fugro Airborne Surveys of Toronto, ON, have begun the approximately 10,000 line km helicopter borne radiometric and magnetic survey of the Central Mineral Belt (CMB) and Seal Lake areas of Labrador. The surveys are based out of Postville on the coast and a camp on Seal Lake for the interior. The 4,963 claims, totaling approximately 124,000 hectares or 1240 sq km, are the second largest claim holdings in the CMB and are being explored jointly under an agreement with Silver Spruce Resources Inc. (SSE). Under the terms of the agreement, Universal can earn a 60-per-cent interest in the properties by spending $2-million on exploration over a three year period. Silver Spruce is the operator during the earn-in period. The government of Newfoundland and Labrador, through its Junior Exploration Assistance Program, has provided a total of $150,000 towards the cost of the survey. This assistance is gratefully acknowledged.
As a result of the exploration results and the rise in price of uranium, the CMB has seen extensive claim staking and exploration over the past few years making it the second most active area for uranium exploration in Canada. Targets are: unconformity type uranium deposits related to sedimentary contacts; IOCG type deposits, shear hosted uranium mineralization associated with felsic volcanism, similar to the Michelin deposit of Aurora Energy, and granite hosted deposits.
The properties lie along strike, and in proximity to, properties held by Aurora Energy Inc., Crosshair Exploration and Mining Corp. and the Santoy -- Monster Copper JV. These companies staked known uranium showings and deposits, and then carried out airborne radiometric / magnetic surveys, which resulted in the location of new uranium showings in a number of areas (company press releases -- November 05 to January 06). Compilation work by SSE has shown that the properties cover anomalous government uranium in lake sediment values ranging from 10 to 213 ppm against a background of approximately 5 ppm underlain by units that are favorable as hosts for uranium mineralization, such as the Bruce River formation, Sylvia River formation, fluorite bearing granites and Aillik Gneiss. Previous radiometric surveys which were widely spaced (422 m minimum flight line spacing), carried out by, or on behalf of, Brinex in the 1960's and 1970's, also show radiometric anomalies, with little follow up documented, in the northeastern claim block.
The exploration budget for regional exploration, consisting of data compilation, the airborne radiometric / magnetic survey followed by prospecting, and sampling to evaluate targets, is approximately $1 M. Follow up will consist of gridding, trenching and drilling with a budget dependent upon results. Field work will begin once targets have been generated by the survey, expected by late July.
This release has been approved by Peter Dimmell, P.Geo., a Qualified Person (QP) as defined in National Instrument 43-101.
for all the latest news visit Universal's web site at:
www.universaluranium.com
TSX-V: UUL
Bill Galine T: 604 662 3903 x 107
Investor Relations F: 604 662 3904
Request Info Package: E: info@universaluranium.com |
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| | June 12, 2006
Universal Uranium Appoints Two Mining Executives To Board
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| | Vancouver, British Columbia, June 12, 2006 -- Universal Uranium Ltd. is pleased to announce that it has appointed John Hite and Ronald Atlas as directors of the Company.
Mr. Hite graduated from the Colorado School of Mines as a geologist and has over 28 years experience in the junior mining industry. He has worked as a geologic consultant since 1978 and is a Qualified Person as defined in National Instrument 43-101. Previously he was with Micronesia Mineral Resources Company, Golden Sitka Inc, and Golden Palm Resources, as well as Director and President of East Asia Gold Corp. Presently Mr. Hite is President and Director of Marifil Mines Ltd.
Mr. Atlas is a Certified Public Accountant and graduate of DePaul University School of Law with a Juris Doctorate Degree and is a licensed attorney in the U.S. Mr Atlas also serves on the board and is Chief Operating Officer of Patriot Power Corp, a private uranium exploration company.
Robert Pirooz and Kevin Mahoney will be stepping down as directors effective immediately. The Company would like to thank them both for their service and their past contributions to the board.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD: For further information contact:
(signed) "Clive H. Massey," President
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | May 01, 2006
$1.97 Million Private Placement Closes
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| | Vancouver, British Columbia, May 1, 2006 -- Universal Uranium Ltd. (TSX Venture: UUL) -- (the "Company") is pleased to announce that it has closed its previously announced brokered private placement. The Company issued an aggregate of 2,626,834 Units, of which 2,138,334 Units were brokered through Blackmont Capital Inc. (the "Agent") and 488,500 Units were sold by the Company to purchasers introduced by First Canadian Capital Markets Ltd. ("FCCM"), all at a price of $0.75 per Unit. Each Unit is comprised of one common share of the Company and one-half of one transferable common share purchase warrant (the "Warrant"). Each full Warrant is exercisable into one additional common share of the Company for a period of two years at an exercise price of $1.00. The common shares, warrants and any shares issued pursuant to warrant exercises are subject to a four-month hold period expiring August 29, 2006.
In connection with the private placement, the Company paid an aggregate of $144,095 in cash and issued an aggregate of 262,683 non-transferable options (the "Options") to the Agent and FCCM. Each Option entitles the purchase of one unit (an "Option Unit") at a price of $0.75 for a period of two years. Each Option Unit is identical to the Units except that the warrants forming part of the Option Units are non-transferable. The Company also paid a corporate finance fee of $15,000 plus GST to the Agent. All securities issued to the Agent and to FCCM are subject to a four-month hold period expiring on August 29, 2006.
In addition to working capital and general corporate purposes, the proceeds from the offering will be used to finance the acquisition of the Artillery Peak Uranium Property (see press release of February 20, 2006) and to fund further mineral exploration and development of the Company's Artillery Peak, Lisbon Valley and CMB of Labrador properties.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by an experienced and highly skilled board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey", President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
Renmark Financial Communications Inc.
Christina Lalli: clalli@renmarkfinancial.com
Marc-Antoine Lemieux: malemieux@renmarkfinancial.com
Tel. : (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | April 12, 2006
Universal Uranium Acquires Additional Claims at Artillery Peak
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| | Vancouver, British Columbia, April 12, 2006 -- Universal Uranium Ltd. (TSX Venture: UUL) -- Further to the Company's news release of February 20, 2006, the Company is pleased to announce that it has staked an additional 35 unpatented lode mining claims. These claims are contiguous to the previously acquired 36 claims located in Mohave County, Arizona, and encompass 1,467 acres. The recent staking increases Universal's number of claims to 71.
According to a 1979 report by Central and South West Fuels, Inc., the Artillery Peak Property contains a historical resource estimate of 1,698,715 pounds of U308 with an average grade of 0.1131 per cent. According to the 1979 report, a total of 71 drill holes (containing 105 strongly mineralized intercepts) were used in the resource calculations.
Ken Thorsen P.Eng., B.Sc. has reviewed all the scientific and technical information regarding the property in this news release. Readers are cautioned that while the historical estimate is considered to be relevant, the Company has not done the necessary work to verify the classification of the resource, and the reader should not rely upon these historical estimates. The Company's management and consultants intend to carry out a mineral resource estimate to NI 43-101 requirements.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey", President
For further information contact :
Bill Galine, Investor Relations
Telephone : (604) 662-3903
Email: bgaline@universaluranium.com
Renmark Financial Communications Inc.
Christina Lalli : clalli@renmarkfinancial.com
Marc-Antoine Lemieux : malemieux@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | March 30, 2006
Contract Awarded for Airborne Radiometrics / Magnetics
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| | Vancouver, British Columbia, March 30, 2006 -- Universal Uranium Ltd. is pleased to announce that it has awarded a contract for approximately 10,000 line km of helicopter borne radiometrics and magnetics to Fugro Airborne Surveys of Toronto, ON. The 4,963 claims, totaling approximately 124,000 hectares or 1240 sq km, in the Central Mineral Belt (CMB) of Labrador make Universal Uranium the second largest claim holder in the CMB. The properties are being explored jointly under an agreement with Silver Spruce Resources (SSE), of Nova Scotia. Under the terms of the agreement, Universal can earn a 60 per-cent interest in the properties by spending $2 million on exploration over a three year period. Silver Spruce is the operator during the earn-in period.
The properties cover anomalous government uranium in lake sediment values ranging from 10 to 213 ppm against a background of approximately 5 ppm hosted in geological units which are favorable as hosts for uranium deposits. The sample spacing in the survey is approximately 1 sample per 5 square km.
The properties lie along strike and in proximity to properties held by Aurora Energy Inc. (Fronteer/Altius Group), Crosshair Exploration and Mining Corp. and the Santoy/Monster Copper JV. These companies staked known uranium showings and deposits, and then carried out airborne radiometric / magnetic surveys, which resulted in the location of new uranium showings in a number of areas (company press releases -- November 05 to January 06). As a result of the exploration results and the rise in price of uranium, the CMB has seen extensive claim staking and exploration over the past couple of years making it the second most active area for uranium exploration in Canada. Targets are: unconformity type uranium deposits related to sedimentary contacts; IOCG type deposits and shear hosted uranium mineralization associated with felsic volcanism, similar to the Michelin deposit of Aurora Energy.
An exploration budget of $ 1 million for the regional exploration has been approved by Universal. This work will consist of data compilation, airborne radiometric / magnetic survey followed by prospecting, and sampling to evaluate targets located by the survey. Gridding, trenching and drilling will follow when targets have been defined. The field work will begin in the spring when weather permits.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration for Silver Spruce, who is a Qualified Person (QP) as defined in National Instrument 43-101.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | March 21, 2006
Universal Uranium Commences Drilling at Lisbon Valley
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| | Vancouver, British Columbia, March 21, 2006 Universal Uranium Ltd. reports that drilling has commenced on its 100% owned Lisbon Valley Property in San Juan County, Utah. Phase 1 drilling will consist of 6 to 8 drill holes for approximately 6,800 meters of drilling.
The Lisbon Valley Property consists of two contiguous claim blocks encompassing 300 + claims, totaling over 7300 acres. These claims cover the downthrown side of the Lisbon Valley Anticline. The claims are located on the northeastern side of the Lisbon Fault, and extend south from the Lisbon Mine for a distance of more than six miles to the southeast. The Lisbon Mine was put into production by Rio Algom and produced over 23 million lbs of U308 over its 16 year mine life.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive Massey", President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
Click on the following link to see why the price of uranium is set to soar:
http://www.moneyweek.com/file/9349/why-the-uranium-price-is-set-to-soar.html |
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| | March 10, 2006
Universal Uranium Arranges $2 Million Private Placement
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| | NR-06-10
Vancouver, British Columbia, March 10, 2006 - Universal Uranium Ltd. has engaged Blackmont Capital Inc. ("Blackmont") to conduct a brokered private placement of up to 2,666,700 units at a price of $0.75 per unit, with an over allotment option of up to 15% of the number of units sold. Each unit will consist of one common share and one half of one transferable common share purchase warrant. Each whole warrant shall be convertible into one common share at a price of $1.00 for a period of two years. Blackmont will receive a cash commission equal to 7.5% of the gross proceeds from the sale of the units and compensation options equal to 10.0% of the number of units sold under the offering, each compensation option convertible into one unit of the Company at a price of $0.75 for a period of two years, and a corporate finance fee of $15,000 for services rendered in connection with the offering.
Proceeds of the financing will be used for general exploration expenditures, working capital and other corporate purposes.
The financing is subject to regulatory acceptance.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | March 07, 2006
Universal Uranium Closes on $4.6 Million Private Placement
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| | NR-06-9
Vancouver, British Columbia, March 7, 2006 - Universal Uranium Ltd. (the "Company") is pleased to announce that it has completed its previously announced brokered private placement. The Company has received gross proceeds of $4,601,750.25 on the private placement of 6,135,667 units at a price of $0.75 per unit through Haywood Securities Inc. as Agent. Each unit (a "Unit") consists of one share (a "Share") and one-half transferable warrant (a "Warrant"). Each whole Warrant entitles the purchase of one share (a "Warrant Share") at a price of $1.00 for a period of two years.
The Company paid a cash commission and issued 613,566 Agent's Options entitling the holders to purchase an additional 613,566 Units at a price of $0.75 per Unit. Each Unit consists of one Share and one-half non-transferable warrant ("Agent's Option Warrant"). Each whole Agent's Option Warrant entitles the purchase of a Warrant Share as set out above. In addition, the Company paid a finance fee of 25,000 Units.
All securities issued by the Company pursuant to this private placement are subject to a four month hold period expiring on July 7, 2006.
Proceeds of the financing will be used for general exploration expenditures, working capital and other corporate purposes.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favourable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | February 21, 2006
Universal Uranium Acquires Artillery Peak Uranium Property
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| |
NR-06-08
Vancouver, British Columbia, February 20, 2006 - Further to the Company's news release of February 14, 2006, the Company announces that it has signed a letter agreement (the "Agreement") to acquire an option on 36 unpatented lode mining claims (the "Property") located in Mohave County, Arizona from Artillery Peak Uranium Corp. ("Artillery").
According to a 1979 report by Central and South West Fuels, Inc., the Artillery Peak Property contains a historical resource estimate of 1,698,715 pounds of U308 with an average grade of 0.1131 per cent. According to the 1979 report, a total of 71 drill holes (containing 105 strongly mineralized intercepts) were used in the resource calculations.
Under the terms of the Agreement, the Company will acquire a 100% interest in the Property by:
Cash
- paying to Artillery an aggregate US$300,000, as follows:
- US$50,000 on the date that is the earlier of February 20, 2006 and the date of execution of the Agreement;
- US$50,000 on the date that is the earlier of April 18, 2006 and the date that is the date of signing a formal Option Agreement (the "Option Date");
- US$50,000 on the first year anniversary of the Option Date;
- US$50,000 on the second year anniversary of the Option Date; and
- US$100,000 on the third year anniversary of the Option Date;
- paying to the Underlying Vendors, as to 50% each, an aggregate US$1,000,000 as follows:
- US$50,000 on the earlier of February 20, 2006 and the date that is the date of signing of the Agreement, which amount is covered by the payment to Artillery referred to in (a)(i) above;
- US$100,000 on the earlier of April 18, 2006 and the Option Date;
- US$150,000 on the first year anniversary of the Option Date;
- US$200,000 on the second year anniversary of the Option Date; and
- US$500,000 on the third year anniversary of the Option Date;
Securities
- issuing to Artillery an aggregate 3,000,000 common shares, as follows:
- 150,000 common shares within 5 business days of acceptance for filing by the TSX Venture Exchange of the Agreement ("TSXV Approval");
- 500,000 common shares on the Option Date;
- 500,000 common shares on the first year anniversary of the Option Date;
- 850,000 common shares on the second year anniversary of the Option Date; and
- 1,000,000 common shares on the third year anniversary of the Option Date;
- issuing 1,000,000 non-transferable share purchase warrants to the Underlying Vendors, as to 50% each, to purchase up to 1,000,000 common shares of the Issuer at a price per share of $0.88 for a period of two years;
Work Commitments
- expending or incurring expenses, directly or indirectly, in connection with the maintenance, exploration, development or equipping of the Property for commercial production, of not less than an aggregate US$3,000,000, as follows:
- not less than an aggregate US$250,000 by the first year anniversary of the Option Date;
- not less than an aggregate US$750,000 by the second year anniversary of the Option Date;
- not less than an aggregate US$1,750,000 by the third year anniversary of the Option Date; and
- not less than an aggregate US$3,000,000 by the fourth year anniversary of the Option Date.
The transaction is subject to Yellow Cake royalties totaling 3%. The Company will have the right to reduce the royalties by paying to Artillery an agreed amount.
A finder's fee will apply in this transaction.
Ken Thorsen P.Eng., B.Sc. has reviewed all the scientific and technical information regarding the property in this news release. Readers are cautioned that while the historical estimate is considered to be relevant, the Company has not done the necessary work to verify the classification of the resource, and the reader should not rely upon these historical estimates. The Company's management and consultants intend to carry out a mineral resource estimate to NI 43-101 requirements.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States.
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