Might be a good idea to at least try and get some facts right.
By the way, what are the chances WUC trades at 45c in 3 years time?
13 July 2012
BLR ANNOUNCES KEY APPOINTMENT - GEORGE GLASIER JOINS BLACK RANGE TEAM USA-focused uranium development company Black Range Minerals Limited (ASX:BLR)
is pleased to announce that Mr George Glasier has joined the BLR team as a consultant.
Mr Glasier will use his extensive knowledge of, and contacts within, the uranium industry in the USA to assist BLR identify opportunities to apply the ablation process. A lawyer by profession, Mr Glasier has over 40 years experience in the uranium industry in the USA, with extensive experience in sales and marketing; project development; and permitting uranium processing facilities. Mr Glasier was previously President and CEO of Energy Fuels Inc (TSX:EFR).
During his time at Energy Fuels, he was responsible for assembling a first-class management team, acquiring a portfolio of uranium projects, and leading the successful permitting process that culminated in the licensing of the Piñon Ridge uranium mill; planned for construction in western Montrose County, Colorado. The Piñon Ridge mill will be the first uranium mill to be licensed in the USA in more than 25 years.
More recently, Mr Glasier was President and CEO of American Strategic Minerals Corporation (ASMC), which in early 2012 had established a joint venture with Ablation Technologies LLC for the ablation process. After ASMC elected to focus its efforts away from uranium, he resigned as CEO and was assigned ASMC’s rights to ablation.
As announced on the 6th July 2012, BLR has in turn acquired all of the rights held by Mr Glasier with respect to ablation. BLR has subsequently established its own joint venture with Ablation Technologies LLC to commercialise the ablation process for use in uranium on a world-wide basis.
Securing ablation for use at the Hansen/Taylor Ranch Project is an important milestone, as BLR progresses through the permitting stage towards production in 2016.
Besides the obvious benefits for BLR’s Hansen/Taylor Ranch Project, the ablation joint venture opens up a number of opportunities for BLR to actively pursue opportunities with uranium deposits around the world. BLR believes the ablation process has the potential to dramatically improve the economic viability of many of these projects.
BLR’s Managing Director, Tony Simpson said, “The joint venture brings together the project development skills of BLR with the ablation process technology, with the aim of using the potential of ablation to unlock value in a range of uranium projects.
With George’s in-depth knowledge of the uranium industry, he will play an integral part in this process. George’s decision to exchange his interests in this game-changing technology for equity in BLR demonstrates his belief in our project and in the ability of the BLR team to utilise ablation technology to its full extent. I look forward to working with a person of George’s calibre and I believe his involvement with BLR will be extremely valuable.”
