Xemplar Energy
Posted by commoditywatch on April 27th, 2009
Mike Magrum tells us about his company Xemplar Energy (CA:XE / US:ZEPRF / Frankfurt : E7R) , who are exploring for Uranium in Namibia.
Namibia, a country with a rich history in mining, is known for its low grade and high tonnage uranium deposits. Currently, there are two uranium mines (Rossing and Langer Heinrich) operating in Namibia, producing 8% of the world’s U3O8 and over the past 18 months two low grade uranium deposits of significant size in Namibia have been the subject of a takeover (UraMin for its Trekkopje Deposit) and a takeover offer (Forsys Metals for its Valencia Deposit).
