--(www.USEquityNews.com)-- 09/11/2008 - Uranium Exploration industry alert provided by U.S. Equity News. Walter Industries, Inc. (NYSE: WLT) announced recently that it will present at the 2008 Davenport Metals and Mining Symposium in New York, NY. The Company's presentation will be broadcast live over the Internet on Tuesday, Sept. 16, 2008 at 8:25 a.m. EDT. Walter Industries, Inc., based in Tampa, Fla., is a leading producer and exporter of metallurgical coal for the global steel industry and also produces steam coal, coal bed methane gas, furnace and foundry coke and other related products. The Company also operates a mortgage financing and affordable homebuilding business. The Company has annual revenues of approximately $1.2 billion and employs approximately 2,500 people. For more information about Walter Industries, please visit the Company Web site at www.walterind.com.
General Moly Inc. (AMEX: GMO) announced the appointment of Barclays Capital and Credit Suisse Securities (USA) LLC as co-lead project finance arrangers. Bruce D. Hansen, Chief Executive Officer, said, "After consulting with our joint venture partner POSCO and soliciting initial financing proposals from a significant number of large financial institutions with mining finance credentials over the past several months, we selected Barclays and Credit Suisse to lead the Mt. Hope project finance efforts based on their experience, competencies and capacity. Barclays and Credit Suisse are appointed on an exclusive basis to structure and arrange the financing package for the development of the Mt. Hope project.
RTI International Metals, Inc., (NYSE: RTI), announced recently that it has amended and restated its credit agreement to provide for a $225 million term loan and a $200 million revolving credit facility, increasing total domestic credit availability from $240 million to $425 million. Principal payments on the term loan begin in 2010. The agreement has a four-year term expiring in 2012. Dawne Hickton, Vice Chairman and Chief Executive Officer commented, "I am pleased to announce this financing. Our intent is to finance our already committed capital projects and to enhance the Company's liquidity position. Given the challenging credit environment we feel that it is prudent to undertake this financing now even though we do not expect to begin to spend the proceeds until 2009.
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
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