UNOR Inc. TICKER: UNI:TSX.V DESCRIPTION: UNOR has commenced its 2007 $7.0 M uranium and diamonds exploration program on 2.7 million acres, an exploration area increase of 414% over 2006, in Nunavut, Canada. In 2006, Cameco, the world’s largest uranium producer, acquired 19.5% of UNOR and Jerry Grandey, President & CEO said, “this agreement strengthens our efforts to identify new uranium reserves for the future. Cameco gains the right to participate in the exploration of new regions and adds the expertise of a solid technical team to our knowledge base.” The Cameco investment provides to UNOR ongoing uranium technical knowledge, support and exploration opportunities. WEBSITE: http://www.unorinc.com/
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
The Gold Report
"Unor has strategic land positions in NU (Hornby Bay and Baffin Island, Canada) prospective for unconformity style uranium deposits. In 2007, it is exploring 2.7m acres, an increase of 414% over 2006. Cameco holds a strategic 19.5% stake in UNI."(6/22/07)
-JOHN WILSON, RESOURCE CAPITAL RESEARCH
The Gold Report
"Unor holds prospective ground in the Hornby Bay Basin and is progressing its strategic alliance with Cameco which took a 19.5% stake in Unor (at $0.40 per share 2Q06). UNI has an active exploration program planned for calendar 2007 (C$8m) with technical assistance from CCO – follow up drilling at Coppermine River and Asiak; and early stage and drill target definition work at all JV properties. Given its market cap of C$61m, backing of CCO, and large target prospectivity in relatively under explored basins, UNI is an interesting, albeit early stage portfolio addition. Its market cap. compares with BAY and PXP which are trading at C$154m and C$98m respectively."(3/26/07)
-JOHN WILSON, RESOURCE CAPITAL RESEARCH
The Gold Report
"Unor is exploring for unconformity uranium deposits in the Hornby Bay
Basin, Canada. Cameco purchased 19.5% of UNI 2Q06, new JV ground
announced at Coppermine River, and joint technical team established.
C$7m exploration budget planned for calendar 2007."(December 15, 2006)
-JOHN WILSON, RESOURCE CAPITAL RESEARCH
The Gold Report
"Past results, including exploration carried out back in the late 1970s, suggest Hornby is sitting on some significant uranium deposits. . . . Cameco's decision to take a stake means C$9.2 million suddenly landed in Hornby's coffers. That means the explorer should end the year with almost C$11 million of cash on hand, if outstanding warrants are included." (April 12, 2006)
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Dow Jones
UNOR Inc. 
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