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Additional information
Additional Information
Market: ASX / TSX-V
Sector: General Mining - Uranium & Lithium
Epic: WCU
News: Latest news
Web Site: White Canyon Uranium
Other Articles: 17-02-201015-02-201029-01-2010

White Canyon Uranium

White Canyon Uranium is the newest uranium production company listed on the ASX and TSX-V, with production of development material at Daneros having commenced at the end of 2009 following the mine permit being granted in May 2009.  Daneros is the first new uranium mine permitted in Utah in 30 years.  The company has U3O8 upside of 10 million pounds within 3 years, and is well placed to establish a 10 year mine production schedule.

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Friday, July 03, 2009

White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

Near term uranium producer, White Canyon Uranium (ASX: WCU) has a new Managing Director and CEO - Peter Batten - as of this week.

Previously, Batten helmed Bannerman Resources (ASX: BMN,TSX: BAN).  At Bannerman, he developed a sizeable uranium resource in Namibia and steered the company to a listing on the Toronto Stock Exchange (TSX).

Under his guidance the market capitalisation of Bannerman increased significantly.  The Bannerman share price increased from approximately 7 cents after the 3:1 share split to over $4 at one stage.  Batten was also instrumental in the development of another ASX listed uranium company, Berkeley Resources (ASX: BKY).

White Canyon's Daneros Mine has recently received its Permit to Mine from the Bureau of Land Management and the State of Utah on 27 May 2009. Mine operations and decline development have commenced.

The next milestone would appear to be an agreement for treatment of ore produced from Daneros.

In a recent interview, Batten said his plan over the next 12 months was to grow the company through a combination of expansion through exploration of the current assets, new regional exploration of conceptual targets within the current tenement holdings, "and the pursuit and purchase of additional opportunities."

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