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Company News: UMC Energy
Updated: 04 May 2010

The Company owns an 80% equity interest in URAMAD S.A. URAMAD S.A. holds a number of exploration permits issued by the government of Madagascar (the "Exploration Permits").

The Exploration Permits, which have been granted for 10 years expiring in 2015 and 2016, are located in the Morondava Basin in western Madagascar, which is infilled and layered with sediments, most notably the Karoo formation that hosts uranium mineralisation.
Business Category Exploration; Mining
Regions of Operation Central and East Africa; Southern Africa
Exchange Ticker UEP
 

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