BACKGROUND
Recent unprecedented rises in the price of Uranium have been over $90 per pound recently with extraordinary fluctuations exceeding $135/lb. These prices reflect a 1000% increase over the past 7 years - with most of these gains occurring within the past 2 years.
In response, Bancroft Uranium has moved to quickly develop a portfolio of Uranium projects that includes the Monmouth Uranium Deposit - an extremely significant project due to the historical work previously performed but not fully developed due to low prices during the original work.
The Company has also begun early stage efforts in the Long Lac area as well as the prolific Elliot Lake Uranium camp.
Recent unprecedented rises in the price of Uranium have been over $90 per pound recently with extraordinary fluctuations exceeding $135/lb. These prices reflect a 1000% increase over the past 7 years - with most of these gains occurring within the past 2 years.In response, Bancroft Uranium has moved to quickly develop a portfolio of Uranium projects that includes the Monmouth Uranium Deposit - an extremely significant project due to the historical work previously performed but not fully developed due to low prices during the original work.
The Company has also begun early stage efforts in the Long Lac area as well as the prolific Elliot Lake Uranium camp.
