Wave Uranium Details Operational Plan for Future
LAS VEGAS (Business Wire EON/PRWEB ) November 26, 2007 --
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.
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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