| US company eyes local uranium industry |
|
|
| Written by Staff Reporters | |
|
Bancroft Uranium Inc. said this week that the company is in the process of reviewing potential acquisition opportunities in southern Africa.
Bancroft President Paul Leslie Hammond and the company engineering team
have just returned from a three-week property evaluation trip to
Africa, during which, its representatives were reviewing the potential
of participating in a uranium development project in Namibia, the
company said in a statement.
Bancroft is also looking at the possibility of entering into other commodity projects in South Africa and Zimbabwe in the areas of gold, platinum, manganese and coal mining. Hammond said uranium prospects in Namibia are exceptional and the country is forecast to be the world’s leading exporter of uranium by 2015. Bancroft is an exploration company, which intends to develop uranium assets in North America. Its initial asset, the Monmouth Uranium Project, is expected to develop into a low cost, open pit uranium producer located close to infrastructure and end-product buyers. |
| < Prev | Next > |
|---|