UMN Uramin Inc

RNS Number:2606Z
UraMin Inc
29 June 2007



NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE 
SERVICES

29 June 2007
                                  UraMin Inc.

                          ("UraMin" or "the Company")


The Company announces that it has issued a total of 507,000 new Ordinary Shares
of no par value pursuant to the exercise of broker options.

The shares are listed on the TSX and application has been made for these shares
to be admitted to trading on AIM and it is expected that dealings will commence
4 July 2007.

The securities referred to in this release will not be registered under the
United States Securities Act of 1933 or the laws of any state and may not be
offered or sold in the United States absent such registration or an applicable
exemption from registration requirements.



For further information:

Neil Herbert, Finance Director
Tel: +27 (0)11 783 5056

Nominated Advisor
Canaccord Adams
Robin Birchall
Tel: +44 (0)20 7050 6500

Toronto
Steve Vaughan
Tel: +1 416 643 6924


Background Information:

UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium. UraMin is focused on advancing its 100%-owned
Trekkopje uranium project in Namibia to the completed Definitive Feasibility
Study stage. A trial mine is planned for the fourth quarter of 2007 and
commercial production is planned for late 2008.  The Company also has a
feasibility study underway at its 90%-owned Bakouma uranium project in the
Central African Republic and on its 74%-owned Ryst Kuil uranium project in South
Africa. SRK is the lead consultant for the Ryst Kuil Project.

UraMin intends to bring these near-surface open-pitable projects into
production, utilizing efficient mining and processing methods currently in
practice worldwide in similar deposits in a cost-effective manner.

UraMin also has a number of exploration projects in both Africa (Chad, Niger,
Senegal and Mozambique) and joint venture projects in Canada (the Rea Project
within the Athabasca Basin in Alberta and the Labrador Project in Quebec) on
which it is advancing exploration programs that could provide a pipeline of
potentially economic uranium projects for the future.


Forward-Looking Statements:

This press release contains statements that are "forward-looking". Generally,
the words "expect," "intend," "estimate," "will" and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
"forward looking" statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements. Investors are cautioned not to
place undue reliance on forward-looking statements, which speak only as of the
date they are made.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

LISPUUWGQUPMGMR

Uramin (LSE:UMN)
Historical Stock Chart
From Apr 2024 to May 2024

Uramin (LSE:UMN)
Historical Stock Chart
From May 2023 to May 2024