The price of uranium has exploded in recent years, peaking at a price of somewhere between $136 and $138 a pound, a stunning 1,365% rise from the early '90s, when uranium prices fell below $10. That outpaced even gold, which rose 400% during that time (Source: Forbes.com). Since that peak, prices have settled back to the $60 range, but many industry observers are predicting a renewed round of price increases. For example, Royal Bank of Canada Capital Markets is telling clients that, “Our 2008 market balance estimate has shifted to a deficit (from a balanced market) and we think the spot market is set for a strong rally.” RBC CM's forecast for spot uranium prices over the next two years is $110/lb in 2008 and $100/lb in 2009 (Source: MineWeb.com).

Wave Uranium Holding (WAVU) is an emerging junior uranium exploration company dedicated to acquiring world-class uranium properties in North America. Wave is well-funded and led by a highly experienced team of industry professionals. The Company’s team of geologists and directors has proven track records in global capital markets, exploration programs, and mining operations. Currently, the Company is actively pursuing land acquisitions in Utah, Arizona, and Colorado to add to its existing properties that cover more than 40,000 acres in Arizona and Utah.

In 2007, U.S. nuclear reactors operated at record capacity of 91.8% and generated a record 806.5 Billion kilowatt-hours of electricity…In less than a decade, plans are in place to add nearly 40 more nuclear reactors besides the 438 reactors currently operational. According to Lehman Brothers, by 2013, nuclear power will generate 414 gigawatts of electricity, or 13% more than the 367 GW it generated last year (Source: Forbes.com). Reactors in the United States increased operational capacity from an average of 58% in 1980 to approximately 90% in 2005. With these increases in demand, it is estimated by Cameco that annual uranium fuel consumption in the western world will reach 217 Million pounds in 2015. In 2005, worldwide annual fuel consumption totaled approximately 175 Million pounds U3O8 while world primary production was approximately 108 Million pounds U3O8, resulting in a shortfall of nearly 70 Million pounds (Source: UEX Corporation). While this shortfall was covered by secondary sources including excess inventories and reprocessed uranium from reactor fuel, this gap between supply and rising demand is unsustainable, and projects like those of Wave Uranium are among the only potential solutions to this growing problem.

At present, Wave Uranium operates two major projects, one in Gila County, AZ, and another Grand County, UT. Wave Uranium’s Gila County holdings comprise 153 lode claims over 3,152 acres staked by the Company, and another 10 claims over 20.6 acres held under lease from a third party, all of which are located in the Dripping Spring quartzite of the Precambrian Age. Uranium has been known to exist in this region since 1950, and has been mined intermittently since 1953. Wave Uranium’s Grand County claims block includes 1,327 lode claims over more than 27,000 acres, as well as more than 6,400 acres of state leases in western Grand and eastern Emery Counties. Recently, the Company announced the acquisition of a 5,414 acre mineral lease in Emery County, Utah. This area is adjacent to 1,327 Wave Uranium mining claims on Federal lands and 1,042 acres of State Trust Lands previously leased by the Company. The Moss Back Member of the Chinle Formation is expected to underlie the leased lands, based on drilling records from the oil and gas industry on file with the Utah Geological Survey. Historic mines and prospects in the canyon of the Green River and its tributaries indicate widespread uranium enrichment in the area. Wave Uranium is progressing with its plans to develop these claims, as well as exploring options to acquire additional potentially productive rights as the outlook for the uranium market appears strongly positive for the foreseeable future.