We found the following information from CIBC World Markets interesting and relevant because it highlights to an increasing need to discover new sources of uranium, coming from geopolitically stable and mining friendly jurisdictions. CIBC World Markets estimates that a boom in Asian nuclear power plants threatens to cause world shortages of uranium as 80 new reactors are now under construction or approved worldwide, most of them in Asia.

Source: Rod Blake, Investment Advisor, Canaccord Capital Corp. - September 18th, 2006 “A Brief Look Back Into Tomorrow”