--(www.USEquityNews.com)-- 07/10/2008 - Uranium Exploration industry alert provided by U.S. Equity News. Uranium Resources, Inc. (NASDAQ: URRE) (URI), a uranium exploration, development and production company, today announced that George R. Ireland has resigned as a member of the Company's Board of Directors, July 3, 2008. Mr. Ireland is President and Chief Investment Officer of Geologic Resource Partners LLC, an investment management company which manages the Geologic Resource Fund LLC. Mr. Ireland advised the Company that while he was reluctant to cease being a Director, he indicated that changes in accounting rules applicable to investment funds such as his were having a negative impact on the fund because of its large position in the Company's common stock and the trading restrictions resulting from his Board membership. Mr. Ireland also cited his inability to continue to take time away from his primary responsibilities to spend the time required of him as a director of a public company.
Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp, (NASDAQ: ZINC), today announced it will institute an energy surcharge on all shipments of zinc oxide effective August 1, 2008. As a baseline for this surcharge, Horsehead will utilize the January 2007 through April 2008 average price for natural gas of $7.50/MCF as it appears on NYMEX. For each $1 per mm BTU increase in the NYMEX natural gas price, an energy surcharge of $9.75 a ton will be incurred. The surcharge will be reviewed and adjusted upward or downward monthly, based on the monthly settlement price for natural gas as reported by NYMEX. "Until now Horsehead has absorbed dramatic increases to our energy and transportation costs in hopes that prices would return to more normal levels," said James Totera, vice president of sales and marketing.
Strongbow Resources, Inc. (OTCBB: STBR), a uranium exploration and development company, through its CEO Darren Hayes, recently announced that it has entered into a Memorandum of Understanding with Holloman Minerals, Ltd. of Perth, Australia to Farm-in up to 98% of seven (7) exploration license areas in the Frome Embayment near Lake Callabonna in South Australia covering an area of approximately 3,792 square kilometers (937,000 acres) known as the Cameron's Corner Palaeochannel Project (CCP Project). All of these areas are considered to be prospective for uranium and will form the basis for exploration activities. The Company's initial focus will be to explore the CCP Project Area by stages. The first stage will be an airborne electromagnetic survey to map channels and structure throughout the region with infill in the areas where channels or structure are indicated from previous work. Based on the results from this airborne survey and interpretation of existing data, the Company expects to target favorable structural belts and channels for follow up drilling. For a full report visit www.stocksjournal.com
Brush Engineered Materials Inc. (NYSE: BW) will hold its quarterly conference call on Friday, August 1, 2008 at 11:00 a.m. Eastern Time to review second quarter 2008 results. Dick Hipple, Chairman, President and CEO; John Grampa, Sr. Vice President and CFO; Michael Hasychak, Vice President, Treasurer and Secretary; and James Marrotte, Vice President, Controller, will represent Brush Engineered Materials on the call. To participate, please dial (877) 407-0782 or (201) 689-8567 for International calls. A live webcast will be available on the Company's website (www.beminc.com). To access the webcast, click on Earnings Forecast Conference Call under the Investors page. The broadcast requires RealPlayer software, which is available as a free download from the icon as indicated.
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