Uranium Hunter Corp. Initiates Exploration on Two Uranium Projects
Uranium Hunter Corp. has initiated exploration programs on two uranium projects in East Africa, hoping the area becomes the world's next mineral frontier. Uranium, one of the world's most important energy resources, is the main "ingredient" in nuclear reactors when producing fuel for use in generating electricity.
Toronto, Canada (PRWEB) November 7, 2007 -- Uranium Hunter Corp. (OTCBB:URHN) has initiated exploration programs on two uranium projects in East Africa, hoping the area becomes the world's next mineral frontier. "Management is highly encouraged by the recent findings in southwestern Tanzania and is working to expand its current program as quickly as possible," stated Uranium Hunter President, Adam Cegielski.
And even though there are many uranium exploration projects underway throughout the world, this essential natural resource remains a mystery to many. But why? After all, uranium is one of the world's most important energy resources. It's the main "ingredient" in nuclear reactors when producing fuel for use in generating electricity, and 250 nuclear reactors in operation right now use uranium for medical and industrial needs.
To put things into perspective, Mr. Cegielski stated, "Because nuclear power expansion is underway in many countries and there are more than 1,000 nuclear reactors in operation right now, uranium is a hot global commodity. Many people don't realize that nuclear power stations do not cause any pollution and that nuclear energy has numerous advantages over fossil fuels. Obviously, there are concerns with the uses of uranium, but we firmly believe that the positives far outweigh the negatives."
For an idea of the positive uses of uranium, consider the following: Uranium is used
In more than 250 reactors for medical and industrial needs in 56 countries,
In more than 400 reactors to produce electricity in 31 countries,
In more than 400 reactors for powering ships and submarines,
For balancing the control surfaces in modern jet aircrafts,
For weighting and stabilizing the foundation of ships,
To reinforce tanks to make them stronger, and
In the production of radioisotopes for medical uses.
On Monday, Uranium Hunter announced it had entered into a letter of intent to earn a 75% interest in another uranium exploration project to complement its Tanzania Ruhuhu Uranium Project and the Uganda Uranium Kibaale Project, both in East Africa. Further studies and government sponsored surveys will enable Uranium Hunter to reveal the mineral potential of both areas.
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