OTCPicks.com Announces Initiation of Profile Coverage for UREX Energy Corporation
Thursday November 30, 6:07 am ET
PROSPER, Texas--(BUSINESS WIRE)--Brian Dean, Publisher of OTCPicks.com, announced today that it has initiated Profile Coverage of UREX Energy Corporation (OTCBB: URXE - News). Urex is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land. Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico.
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To view the OTCPicks.com Company Profile for UREX Energy Corporation, please visit: www.otcpicks.com/profiles/urxe/index.php.
Mr. Dean comments, "Market analysts forecast a 'deep supply-side shortage' of uranium, citing that new mining production hasn't yet come online to remedy the deficit. In the year-ago forecast, the uranium deficit was expected to grow to nearly 20 million pounds this year (from a surplus of 6 million pounds in 2003) and then leap to a peak deficit of more than 35 million pounds in 2006. Deficits in excess of 30 million pounds were also anticipated for 2007 and 2008. Uranium mining companies including UREX Energy, Cameco (NYSE: CCJ - News), Usec (NYSE: USU - News) and Strathmore Minerals Corp. (TSX: STM - News) should all benefit from increasing uranium demand and a supply shortage for the next few years."
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OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. This is also sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. Disclosure: OTCPicks.com has been compensated up to ten thousand dollars for URXE advertising and promotional services. OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.