U308 Corp. (TSX:UWE,OTCQX:UWEFF) CEO Richard Spencer Talks Uranium in South America

U308 Corp. (TSX:UWE,OTCQX:UWEFF) CEO Richard Spencer spoke to Resource Investing News about the company’s uranium projects in South America. In the near future, investors can expect a preliminary economic assessment for the projects in Argentina.

U3O8 Corp. is a Canadian-based company advancing sequential development of uranium projects in South America with a focus on low-cost production. A preliminary economic assessment shows that our Colombian deposit could be a zero cash cost uranium project due to revenues from by-products of phosphate, nickel, rare earths and other metals occurring in the same deposit while our Argentina deposit is being advanced as a potential near-term, low-cost uranium producer.

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Peninsula Energy

Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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