NEW YORK, Sept. 21, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine recently published exclusive interviews with senior management from three junior exploration companies -- Kangaroo Metals (ASX:KML), Ur-Energy (TSX:URE) and Great Western Mining (PLUS:GWMO) -- outlining their diverse strategies for moving toward production.
All interviews are available at www.wallstreetreporter.com in streaming audio format -- free of charge.
Kangaroo Metals Ltd. (ASX:KML) has done extensive in silicon work on heavily under-explored acreage in "one of the richest mineral areas in North Queensland," Dr. Brett Teale, managing director, tells WSR. "There hasn't been very much modern exploration at all."
Topics of special interest to potential investors include:
-- The company's plans to drill existing targets ahead of a feasibility study.
-- How state-of-the-art data mining has generated value "before you spend a dollar at the drill."
-- Indications of uranium on the property as well as copper, lead, gold, tin, tungsten and molybdenum.
-- Plans to develop into a $10-100 million enterprise over the next 3-5 years while avoiding the "somewhat decadent" spending of global mining operations.
Ur-Energy Inc. (TSX:URE) expects to be mining yellowcake by late 2009, a timetable that CEO Bill Boberg says will make it "the next uranium producer in Wyoming."
Highlights include:
-- The company's two primary Wyoming projects, both sandstone deposits amenable to in situ mining and representing about a 25 million-pound uranium resource.
-- Plans to get both sites into production over the next few years. "By 2011-12, we would be in a position to be producing 4 million pounds a year," Mr. Boberg says.
-- Success in securing long-lead items, drill equipment and labor.
-- The company's significant pipeline of exploration projects in Wyoming and beyond.
-- How a $100 million financing round should suffice to build the initial mining plant and take the company well into positive cash flow.
Great Western Mining Corp. Plc (PLUS:GWMO) combines precious metals with a uranium play on its lead project in Nevada, says Chairman Emmett O'Connell K.St.G. "Our principal objective s remain in the gold exploration and the uranium. Now there happen to be a confluence of those interests in Nevada."
Highlights include:
-- The company's extensive preliminary search for known radioactive anomalies in historical geological records.
-- Encouraging results of a recent two-year sampling program that uncovered uranium as well as associate gold and silver values and led the company to expand its claims.
-- His bullish take on the prospects for gold and uranium prices in particular.
"The demand for energy, I think, is unquestioned," he tells WSR. "When you realize that half of the uranium demand in America is supplied by dismantling Soviet missile warheads, you realize on just what a perilous base the United States is basing its future energy supplies."
About Wall Street Reporter
Wall Street Reporter (Est. 1843) helps smart investors connect with exciting companies, through our website, magazines and conferences. The company's analysts produce in-depth, unbiased, unfiltered interviews that deliver a first-hand, straight-from-the-source perspective.
About Kangaroo Metals Ltd.
Kangaroo Metals Limited (ASX: KML) listed on the Australian Stock Exchange in April 2007 as a mining and exploration company quoted within the main resources sector.
About Ur-Energy Inc.
Ur-Energy Inc. (TSX:URE) is engaged in uranium exploration and development. Its portfolio is comprised of two uranium mine development and nine exploration projects in Wyoming, three exploration projects in the Northwest Territories and three exploration projects in Nunavut.
About Great Western Mining Corp. Plc
Great Western Mining (PLUS:GWMO) is a natural resource exploration and development company focusing on gold, silver and uranium projects in Nevada.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated. The company has no obligation to update these forward-looking statements.