Friday, May 20, 2011

Is Hathor Exploration poised to become a mine or a take-out target

Hathor Exploration Ltd.(TSX:HAT) is a junior uranium company focused on exploration projects in the Athabasca Basin of Northern Saskatchewan, Canada. Hathor's goal is to discover, advance and develop high grade, world class uranium deposits.

Hathor's main exploration properties are located within the eastern corridor of the Athabasca Basin which hosts all of Canada's producing uranium mines and accounts for approximately 23% of global production. Current mining reserves in this area exceed 25 years.

Hathor is currently advancing its Roughrider uranium project (Midwest Northeast), the only major discovery ever made in the forty year history of the Basin by a junior company.

With all the debating in regards to just what the future of uranium is in the post Japan crisis, I think the world has come to the realization that it would be impractical, if not impossible to completely abandon nuclear energy. This is stated clearly in this article,

Hathor has recently released news of the first mineral resource estimate for the companies East Zone of the Roughrider uranium deposit. As reported by the company, this estimate doubles the overall size of the Roughrider deposit as it is currently defined. The estimate identifies 30 million lbs grading 11.58% U308. Here is a link to the companies news release,

Hathor Explorations has seen their share price rise from lows of $1.35 to 52 week highs of $3.57. This of course changed dramatically following the crisis in Japan, and Hathor, along with all uranium based companies. Hathor watched their share price fall to just slightly higher than $1.50 immediately following the earthquake and tsunami, but has since recovered to the closing price of $2.75 as of closing on May 20, 2011.

With the amount of resources Hathor now has with this latest estimate, it does lead one to entertain the possibilities of just what the future holds for Hathor. Personally, I think the potential here is significant. At the pace that Hathor has proceeded with their drilling program, I can only imagine where this company will be going forward, but I envision this will only become more of a compelling story looking forward.

For those of you who would like to take a closer look at Hathor Exploration, I would suggest going to the companies website at,. There is a wealth of information on their website and is in my opinion worthy of an in-depth look. There is also a listing of analysts who are covering Hathor Exploration, with one who has raised his targeted share price at over $5.00.

For disclosure purposes I have received no compensation of any kind for this post. I do not own any shares in Hathor Exploration.

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