Uranium Resources - research shop

general interest
Dec 27


In 2006, Canada emerged as the uranium financing capital of the world. Earlier this month, First Uranium-- a company that acquires, produces and develops uranium projects in South Africa -- raised $203-million via the sale of 29 million shares at $7 a share. That deal, led by RBC Capital Markets, was the biggest for the sector in 2006. SXR Uranium was also busy with two deals: $173-million from an offering of common shares and $155-million from an offering of convertible debentures. (Denison Mines, Ur- Asia Energy and Khan Resources also raised capital.) Flow through share funds were also popular while precious metals producers -- Agnico-Eagle, Yamana Gold, Silver Wheaton, Pan American Silver, Nova Gold and ElDorado Gold -- each raised more than $150-million of equity.