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RCR Uranium Sector Review: March 08

Resource Capital Research reviews White Canyon Uranium Limited in the March 08 Uranium Sector...

ACN: 115 453 962

• White Canyon Uranium Limited (WCU) began trading on the ASX on 3 March 2008 having successfully raised more than the minimum subscription of $17.5 million through its initial capital raising.
• WCU is an active uranium exploration company with historically defined ore bodies in the Chinle and Morrison formations of the Colorado Plateau, a proven uranium production district in Utah, USA.
• The Company is committed to early production from its deposits, and development drilling is aggressively programmed with the aim to convert its current deposits to Resource Status.
• The Company offers experienced management, with successful Utah-based uranium mining expertise. Reliance Resources LLC, a company associated with White Canyon Uranium's operations manager, is currently contract mining and delivering ore to the local White Mesa Uranium-Vanadium Mill, at Blanding.
• White Canyon Uranium is a company with a foothold in one of the United States’ major uranium production areas, actively sourcing new local exploration and production opportunities.