Energy Metals Corp.
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daraus macht, dass man nach Synergien im
Markt sucht, ist Energy Metals (EMC; WKN
A0DPGY). Energy Metals hat sehr lukrative
und weit fortgeschrittene Liegenschaften in den
USA (strategisch in Zukunft eventuell von Bedeutung!
Auch Powertech Uranium ist rein auf
die USA fokussiert) und kommt schon auf eine
Börsenbewertung von über 1 Mrd. CAD.
Energy Metals in Exclusive Negotiations Regarding Potential Sale of Company
15:59 EDT Friday, May 18, 2007
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 18, 2007) - Energy Metals Corporation (TSX:EMC)(NYSE Arca:EMU) announces that it is in exclusive negotiations with respect to a potential sale of the company. No assurance can be given that the negotiations will be successful.
Energy Metals Corporation is a NYSE Arca and TSX listed company focused on advancing its industry leading uranium property portfolio towards production in what is the world's largest uranium consumer market, the United States of America. Energy Metals Corporation has extensive advanced property holdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery). This form of uranium mining was pioneered in Texas and Wyoming and utilizes oxygenated groundwater to dissolve the uranium in place and pump it to the surface through water wells. Energy Metals is currently developing the La Palangana uranium deposit and upgrading the Hobson Uranium Processing Plant in Texas for an anticipated 2008 production date. Energy Metals is also actively advancing other significant uranium properties in the States of Colorado, Utah, Nevada, Oregon and Arizona.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Energy Metals' actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Energy Metals Corporation
Paul Matysek, M.Sc., P.Geo.
CEO and President
(604) 684-9007
Uranium One said on Monday EMC shareholders would receive 1.15 common of its shares for each issued share of EMC, representing a value of C$19.12 per share. The offer values EMC at C$1.59 billion.
"With our solid position in Kazakhstan and South Africa, the acquisition of EMC fits in perfectly with our stated strategy of value-accretive external growth and our focus on growth in the United States," Uranium One President and Chief Executive Officer Neal Froneman said in a statement.
Uranium One said the offer represented a 28 percent premium to the 20-day volume weighted average trading prices of Uranium One's and EMC's shares on the TSX for the period ending May 17, 2007.
EMC announced on May 18 it had entered into talks with respect to a potential sale of the company.
EMC President and CEO Paul Matysek said the transaction provided shareholders immediate exposure to uranium production, cash flow and new avenues for growth.
By 1326 GMT, the Johannesburg listed shares of Uranium One were down 2.10 percent at 109.50 rand.