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This discussion is about American Uranium Corp.

uranium

DISCUSSION STARTED BY: kobbetje - September 4th, 2008 - 12:07 PM
kobbetje
+69-0

after a up-down-up-down- up in uranium price, it is very still at the market.

(just before the storm it is also still)

I believe that the long-term outlook for uranium is still very bullish. Nuclear power plants are being built faster than ever, and they will require more and more uranium for fuel to generate electricity for more and more people . So despite a dead cat bounce in uranium prices, I'm confident that higher prices await the future.

 

That should make AUUM an excellent STRONG BUY for the moment

BY: ulando - October 1st, 2008 - 12:38 PM
ulando
+88-4

Re: update on AUUM

Well thats too bad you aren't a witchman! Obviously you are into the deal for one good reason or another. I like a few aspects.

BY: kobbetje - September 30th, 2008 - 12:29 PM
kobbetje
+69-0

Re: uranium

but I found some bad news too:

DENVER, COLORADO, Sep 23, 2008 (MARKET WIRE via COMTEX) -- American Uranium Corporation ("American" or "the Company") (OTCBB: AUUM) announced this day that it will be sending a 12% Cash Refund to Private Placement Subscribers of the Company's Unit Offering of August 2007. The Cash Refund is being made in accordance with the terms of the Private Placement Subscription Agreements whereby the company undertook to have the S-1 share registration in place within six months of the Closing Date. The Refund has adversely affected the company's ability to meet its contractual commitments for next year.

BY: kobbetje - September 30th, 2008 - 12:28 PM
kobbetje
+69-0

Re: update on AUUM

If I was a witchman, I could do predictions, but I amn't

BY: ulando - September 30th, 2008 - 11:55 AM
ulando
+88-4

Re: update on AUUM

What do you predict the additional resources at PineTree-Reno Creek Project could amount to?

BY: kobbetje - September 30th, 2008 - 11:48 AM
kobbetje
+69-0

update on AUUM

CORPORATE UPDATE:

During 2008 American Uranium has advanced more than $1.7 million to its PineTree-Reno Creek joint venture. This amount more than satisfies the Company's first year contract commitment of $1.5 million. In addition American has spent $975,000, which will be applied to its 2009 commitment of $1.5 million.

During 2008 the PineTree-Reno Creek Project resources were recalculated and increased significantly. Two 43-101 Technical Reports for the Project area have been filed on SEDAR by Strathmore Minerals. Additional resource increases are expected to be announced later this year. On July 30, 2008 the Company's Board decided to curtail Project activities and reduce general and administrative costs for the balance of this calendar year.

In August 2008 American announced the first project for which it is operator - a breccia pipe uranium exploration project with Nu Star Exploration in the Arizona Strip. This transaction closed on September 18, 2008. Under the terms of the Agreement the Company has paid a total of $227,000 including $80,000 in common shares of the Company to Nu Star in exchange for a Lease with Option to Buy 449 federal mining claims. No additional Nu Star expenditures are required until September 1, 2009.

The Company requires substantial funding to meet its forward 12 month contractual obligations at a time when the capital markets are in a significant decline and funding for junior exploration companies is difficult to source. The Company is exploring alternatives to preserve the Company and its projects.

AMERICAN URANIUM CORPORATION is a Nevada based uranium exploration and development company, and is committed to spending US $12.375 million to earn an initial 22.5% in the PineTree-Reno Creek Project and US $33 million over 6 years to earn a 60% interest from Strathmore Minerals Corporation.

Legal Notice regarding Forward Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward looking statements are statements that are not historical facts. Forward-looking statements in this news release include: that additional resource increases on the Reno Creek Property are expected to be announced this year.

It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to keep our qualified personnel; that funds expected to be received may not be; that our estimates of mineral resources are inaccurate; uncertainties involved in the interpretation of drilling results and other tests and the estimation of resources; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration, purchase, lease or option payments; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that analysis of data cannot be done accurately and at depth; that results which we have found in any particular location are not necessarily indicative of larger areas of our property; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent Form 10-KSB and other periodic reports filed from time to time with the Securities and Exchange Commission.

Information Concerning Mineralization and Resources

All mineral resources have been estimated in accordance with the definition standards on mineral resources and mineral reserves of the Canadian National Instrument 43-101. U.S. reporting requirements for disclosure of mineral properties are governed by the United States Securities and Exchange Commission (SEC) Industry Guide 7. Canadian and Guide 7 standards are substantially different. This press release uses the terms "indicated" and "inferred" resources. We advise investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that enable them to be categorized as mineral reserves.

Contacts: American Uranium Corporation Investor Relations (303) 634-2265 Email: info@americanuanium.com Website: www.americanuraniumcorp.comSOURCE: American Uranium CorporationCONTACT: mailto:info@americanuanium.com http://www.americanuraniumcorp.com

BY: kobbetje - September 4th, 2008 - 12:11 PM
kobbetje
+69-0

last news of AUUM

last news release on AUUM :

American Uranium Acquires Interest in Nu Star Exploration's Arizona Strip Claims

DENVER, COLORADO, Aug 19, 2008 (MARKET WIRE via COMTEX) -- American Uranium Corporation ("American" or the Company") (OTCBB: AUUM) is pleased to announce that it has signed a Letter of Intent ("LOI") with Nu Star Exploration, LLC ("Nu Star") of Arizona. Pursuant to the LOI, American will have the right to lease Nu Star's claims with the option to purchase a 100% interest at any time following completion of the first Lease Year. The Parties plan to complete negotiation of a definitive Agreement during September 2008. The Lease/Option properties consist of 449 federal mining claims contained in 5 blocks located in Mohave and Coconino Counties in northwestern Arizona. This region is highly prospective for breccias pipe uranium deposits and produced approximately 19 million lbs U3O8 during the 1980-90's.

Bob Rich, American's CEO, said, "The Nu Star properties are a valuable addition to American's US uranium exploration portfolio. Because I was involved with breccia pipe uranium deposits in the 1980's, when Energy Fuels was actively mining in the Arizona Strip, I am excited about our Company's first independent project being there and about the favorable prospects the Nu Star properties could hold for us."

AMERICAN URANIUM CORPORATION is a Nevada based uranium exploration and development company, and is committed to spending US $12.375 million to earn an initial 22.5% in the Wyoming Pine Tree-Reno Creek Project and US $33 million over the next 6 years to earn a 60% interest.

Legal Notice regarding Forward Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements in this news release include: that the Parties plan on reaching a Definitive Agreement during September 2008, the region is highly prospective, there is excellent potential for discovery on the Nu Star claims, and that the Company will be able to raise the necessary capital to meet its earn-in on the Wyoming Pine Tree-Reno Creek Project.

It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to keep our qualified personnel; that funds expected to be received may not be; that our estimates of mineral resources are inaccurate; uncertainties involved in the interpretation of drilling results and other tests and the estimation of resources; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration, purchase, lease or option payments; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that analysis of data cannot be done accurately and at depth; that results which we have found in any particular location are not necessarily indicative of larger areas of our property; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent Form 10-KSB and other periodic reports filed from time to time with the Securities and Exchange Commission.

Contacts: American Uranium Corporation Raymond Foucault Investor Relations (303) 634-2265 Website: www.americanuraniumcorp.comSOURCE: American Uranium CorporationCONTACT: http://www.americanuraniumcorp.com

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