StockBullz.com

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - Anglo-Canadian Uranium Corp. is pleased to announce the acquisition of four (4) Uranium/Vanadium claims known as the "Spider Rock Claims", located in the Dolores and San Miguel Counties of Colorado. The Spider Rock Claims comprise eighty (80) acres and further compliment the Company's existing portfolio of uranium properties in Utah, USA and Quebec, Canada. The Company intends to conduct additional exploration and drilling programs to update and confirm earlier reported uranium/vanadium mineralization results within the Spider Rock Claims.

In addition to this acquisition, the Company is pleased to announce the appointment of Mr. Roger Laine, Ph.D., P.Geo. to the board of directors. Mr. Laine brings over 14 years of uranium exploration and development experience to the Company, previously working with Amok Ltd., a subsidiary of Cogema. Mr. Laine was instrumental in the development of the Cluff Lake uranium project in the Athabasca Sandstone region of Northern Saskatchewan, and oversaw a number of uranium and gold projects in the Americas, West and Central Africa, and Europe. Mr. Laine is a primary component in the Company's ongoing exploration and development of its uranium and gold properties.

Back in January, I was teasing my readers at my old blog about a "secret uranium stock". I was saying how great it was because of its huge land base etc. I finally revealed what the stock was on January 6th:

The Secret Stock I was talking about is Hornby Bay.

The reason they have so much potential in my opinion is because of their huge land & mineral claims. How much you ask?

"HBE controls 100% of all its mineral claims and leases. From 1996 to 1998, HBE acquired mineral claims in Nunavut and today is unique because it has established a massive 530,000 acre (215,000 hectares) land position in one of Canada's relatively unexplored Proterozoic basins. The Hornby Bay basin is considered to have excellent potential for the discovery of massive unconformity-type uranium deposits.

HBE's prime exploration areas are the Coppermine River area (128 mineral claims) located 100 kilometers south of Kugluktuk (formerly Coppermine) and the Asiak River area (90 mineral claims) 50 kilometers to the southeast. These claims overlie areas prospected in the 1970's and the 1980's by several major mining companies including Union Carbide, Anaconda, BP Minerals and Uranerz. HBE owns the exploration data from this historical work and has carried out additional exploration work since acquisition. 2005 will mark the culmination of seven years of HBE's exploration activity.

A detailed review of HBE's Coppermine River area data by a major uranium company benchmarked it as one of the top three worldwide massive uranium targets.

An aggressive exploration program for uranium was completed in 2004. This season, the Company will double its efforts with a $7 million dollar exploration program planned for the April to September 2005 time period.

HBE owns several other minor mineral holdings in Ontario, Manitoba and British Columbia."

That makes me pretty excited.

The current CEO is a director of Southern Cross Resources Inc. and Fronteer Development Group Inc. The rest of the management have lots of experience in mining and uranium.

Another great thing to know is that based on their current drill tests, their claims have higher background radioactivity than those in the Athabasca Basin.

Guys,

Bruno (my web master) just coded an amazing new feature into latesturanium.com.

I now have a table with all 110 uranium stocks that includes their symbol, name, price, change, float and market cap. Everything is updated every hour or sooner.

You can even sort each column!

I think latesturanium.com will help you do your due diligence before buying your next uranium stock.

Please tell your friends about latesturanium.com because it took a lot of work. I will be using it for my own research here on stockbullz too. 

To browse all Canadian Uranium Companies Market Caps click here! 

Nova Uranium paid B-TV to produce an "infomercial" about them.

You can watch it here. 

In my opinion it is very well produced and it looks very professional.

Nothing new but it is quite informing for new Nova Bullz.

Moore repeats that his goal is the get the company bought out by a larger company. 

As promised in the newsletter on Friday, I called Anglo-Canadian Uranium hoping to have a quick chat with their Investor Relations person what this company is all about.

Surprisingly, they don’t have an IR person yet. Instead, I had the chance to speak directly with Len Harris, their President and CEO. (I actually prefer it this way anyway.)

I talked to Len for about 15 minutes and here’s what I got from him:

First of all, I asked him about their cash/debt situation. Len replied that they have no debt and around $1.2 million in cash.

They have indeed completed their recent financing so now they have around 21 million shares outstanding (not fully diluted though).

One particular question that I wanted to ask most was about the so called “closely held” shares that are referred to in the presentation on their website.

Len explained that closely held doesn’t necessarily mean insider holdings. He said that he has some friends part of Investor groups in the “US” and in the “East” who each own between 3 and 4 million shares. These groups have 12-14 people in them and they pool their money together to invest in promising companies. I guess they think Anglo-Canadian will hit it big.

Len told me they have been right before investing in his previous endeavor, Consolidated Viscount. This company went from $0.35 to $8.00 under Len’s control with the investor’s backing. Unfortunately, then came the Bre-X fiasco that killed the market for mining juniors in Canada. Consolidated had a good nickel property in Newfoundland but they started having problems with the government and Indians on the property so they eventually dropped their claims and delisted the company.

I then asked what will be new in 2006. Len said that near-term they will be focusing on drilling their Gold properties with their flow-through financing. Their Skoonka uranium property will also have drilling done shortly, weather permitting. The Stirrup claim will also be drilled once the snow melts. They have found many solid Chevron defined drill targets.

Regarding acquisitions, Len said they are trying to finalize the deal for the Uranium property in Niger, Africa. He also said they are going to be focusing on acquiring properties in the 4 corners zone. I had no idea what this was. Len explained that it is the area between Colorado, Utah, New Mexico and Nevada.

There are many good uranium claims in this area but the so called “Old-Timers” are staking their claims right now. Anglo-Canadian is working with these men to buy/lease some of their claims.