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Wave Uranium Details Operational Plan for Future Wave Uranium (OTCBB:WAVU) today announced details of the Company's operational growth plan for the future. Management has outlined their long term strategic vision plan and is focused on reaching their objectives of becoming a well structured exploration and development company which anticipates building an exploration database that will accrue great value as it improves the success rate of exploration activities thereby building significant shareholder value. LAS VEGAS (Business Wire EON) November 26, 2007 -- The overarching objectives of Wave Uranium are to acquire land positions in areas of significant uranium resource potential by a systematic and rational screening process, then explore and develop those properties to produce uranium ore.
Wave's long-term strategic vision is to develop sufficient reserves of mineable uranium to ensure the Company's long-term profitability, and to balance exploration costs with lower-risk sources of revenue so the exploration component can be sustained indefinitely.
For the near term, Wave has chosen to focus on sandstone-type uranium deposits in the Colorado Plateau. Although many ages of rock host small or sub-economic quantities of uranium, the major producers in the Colorado Plateau have been the Salt Wash Member of the Morrison Formation and the Moss Back Member of the Chinle Formation. Wave has assembled the ideal team of key geoscientists to explore for deposits of these types: a geochemist, a hydrogeologist, and a sedimentologist. More information on these key team members will be forthcoming.
Wave has already acquired properties and is aggressively rolling out its acquisition phase and will continue to acquire properties as opportunities present themselves. Wave's team will conduct primary exploration in and around known deposit trends or extensions of known trends. Wave's ideally-balanced geosciences team can evaluate properties quickly and effectively, ensuring that promising properties are staked or acquired quickly and that marginal or unfavorable properties are rejected quickly, thereby providing the most efficient use of the Company's resources. Analysis and acquisition of properties and data will provide continual calibration of the Company's exploration models.
About Company:
Wave Uranium is a Las Vegas, Nevada based exploration and development company that is focused on the acquisition of world class properties in well known prolific mining areas known for uranium in North America. Wave Uranium is actively acquiring claims in many of the most prolific mining areas for Uranium in North America.
Wave Uranium has assembled a team of geologists and directors with proven track records in exploration and mining programs as well as accessing global capital markets.
Safe Harbor : Except for the historical information contained herein, the matters set forth in this press release, including the description of the Company and its product offerings, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the Company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the Company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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