Tuesday, December 21, 2010

5 Uranium Stocks in Focus

Uranium Resources Inc. (NASDAQ: URRE) recently announced that five of its
executive officers have established rule 10b5-1 plans to effect the orderly sale
of a portion of their holdings of Uranium Resources common stock resulting from
deferred compensation that the officers were awarded from 1999 through 2004 and
from vesting of restricted shares. The adoption of these plans is a part of
these individuals strategy to generate cash to pay taxes and for asset
diversification and liquidity. The URI is expected to be relieved of
approximately $700,000 in deferred compensation liability. URI engages in
acquiring and developing uranium mines in South Texas using the in-situ recovery
mining process. Denison Mines Corp. (AMEX: DNN) recently announced the closing
of its underwritten private placement of 25 million special warrants of the
company for gross proceeds of C$61,250,000 and 1.4 million flow-through special
warrants of the company for gross proceeds of C$4,200,000. The company raised
aggregate gross proceeds for the company of C$65,450,000. The offering was
completed through a syndicate of investment dealers Denison Mines engages in
uranium mining and related activities, including acquisition, exploration and
development of uranium bearing properties, extraction, processing, selling and
reclamation. USEC Inc. (NYSE: USU) recently elected M. Richard Smith to the
board, effective January 1, 2011. Smith has nearly 40 years of power industry
engineering, construction, project management and M&A experience. USEC is a
global energy company is a supplier of low enriched uranium (LEU) for commercial
nuclear power plants. Cameco Corporation (USA) (NYSE: CCJ) recently announced
the approval of 43% increase in the annual cash dividend to $0.40 from $0.28 per
share beginning in 2011. This will be the seventh time Cameco has increased its
dividend in nine years. Cameco Corporation engages in the exploration for and
the development, mining, refining, conversion and fabrication of uranium for
sale as fuel for generating electricity in nuclear power reactors in Canada and
other countries. Ur-Energy Inc. (USA) (AMEX: URG) recently announced the receipt
of proceeds of C$3.0M from the exercise of 2,400,800 employee stock options that
were scheduled to expire on November 17, 2010. These employee stock options were
awarded to employees, officers and management on November 17, 2005 at a strike
price of $1.25 upon the approval by the companys board of directors adopting the
companys stock option plan. Ur-Energy is in the business of uranium exploration
and development and is currently completing mine planning and permitting
activities to bring its Lost Creek Wyoming uranium deposit into production while
also planning and permitting a two-million-pounds-per-year in situ uranium
processing facility. This corporate profile is provided for information purposes
only and should not be used as the basis for any investment decision. We are
neither licensed nor qualified to provide investment advice. We were not paid,
nor do we hold a position in these stocks. We reserve the right to buy or sell
URRE, DNN, USU, CCJ and URG at any time after this post.

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