Japanese take option over Uranium Equities project

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Tue, Nov 10, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

The West.com.au reports Mitsui, Japan signing an option deal over Uranium Equities project, Australia.

The $2 million option gives Mitsui the right to buy a 15 per cent stake in Nabarlek and a 9 per cent interest in the West Arnhem Land joint venture between Uranium Equities and Cameco for a combined investment of at least $15 million between now and next July.

Japan’s conglomerates and utilities have becoming increasingly eager to invest in Australia’s uranium sector, taking positions in projects including Kintyre and Lake Maitland.

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