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Uranium One (TSE:UUU) |


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WIKI ANALYSISCanadian miner Uranium One (TSE:UUU) announced July 2,2008 that its second-quarter sales more than doubled and that it had managed to secure a credit facility by which it can borrow up to $100 million to fund working capital requirements, capital expenditures and future acquisitions.
Uranium One’s Q2 yellowcake sales volume totalled 685,000 lbs, an increase of 142% over the 283,300 lbs sold in Q1, and more than 180% over the 244,300 lbs sold in the same quarter of last year. This increase was attributed to an increase in global energy demand as a response to rising oil prices and concerns surrounding greenhouse gas emissions.
According to Goldman Sachs and Rio Tinto (RTP), prices of uranium may rebound to US$90 per lb this year as new plants come online and mining costs rise.



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