Alpha Uranium (AHM) has released a prospectus in August 2007 to raise $10 million with an issue price of 20 cents per share. The Prospectus is dated 8 August 2007 and was lodged with ASIC on that date. Alpha Uranium was incorporated in May 2007 as a public company for the purpose of acquiring the uranium interests of Strategic Minerals Corporation NL (“SMC”) in Queensland and South Australia and to search for new uranium exploration opportunities in Australia and overseas. Alpha has acquired its projects from SMC which are advanced uranium projects in Queensland and South Australia. The Woolgar Uranium Project comprises the right to explore for Uranium over four Exploration Permits for Minerals (“EPM”) and eight Mining Leases (“ML”). It is located in northern Queensland and covers an area of 698 square kilometres. The Frome Basin Uranium Project is located in the Frome Basin in South Australia. It consists of an interest in four Exploration Licences and covers 2,050 square kilometres. The Company will focus initially on exploration of its established uranium targets within the granted tenements. In addition, the Company will have between $0.6 million and $3.7 million (after meeting its exploration, corporate and administrative expenses) to actively pursue additional investments in the mineral sector either in Australia or internationally. The Queensland project contains known uranium mineralisation discovered and partly explored in the 1970’s. The Company’s projects in South Australia being its interests in the Siccus Joint Venture the Reaphook Joint Venture and Martins Well are alllocated in an established district of current and past producing uranium mines. All of these projects have advanced prospects ready for drilling. Alpha also has an interest in the Lake Frome Joint Venture and Reaphook Joint Venture in respect of base metals. Alpha Uranium Limited is listed on the Australian Stock Exchange (ASX) under stock code AHM. Learn more about Uranium Mines in Australia, learn what Uranium is, read about Worldwide Uranium Deposits, study the Regulation of Uranium Mining and wonder at the marvels of Uranium exploration in Australia. You can view their investor website here.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment