Energy - smartinvestment.ca

[steelpiston71]

Strateco is a Uranium play in Matoush if memory serves me. Looking at the chart, this used to be near $4 at one point in 2007, then it slid to about 40 cents like most Ux plays, a 90+ percent haircut peak to trough.

Nearing 60 cents range again, which would be a near term double bottom. Accum/Dist shows a lot of Accum, might be nearing a buy point.

The chart may be hitting an inflection point at around .65.

Anyone following this one?

[steelpiston71]

Up 30% today on this news....

MONTREAL, QUEBEC, Sep. 17, 2009 (Marketwire) -- Strateco Resources Inc. ("Strateco")(TSX:RSC)(OTCBB:SRSIF)(FRANKFURT:RF9) is pleased to announce that the indicated mineral resources at its Matoush property has doubled in the past 12 months to reach 436,000 tonnes grading 0.78% U3O8 containing 7.46 million pounds U3O8.

Wholly-owned by Strateco, the Matoush property lies 300 km north of Chibougamau in Quebec's Otish Mountains.

Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) has updated the NI 43-101-compliant resource estimate for the Matoush project based on drill results available as of September 1st, 2009 and using similar methods as applied in the previous estimate (Scott Wilson RPA, Sept. 2008). At a cut-off grade of 0.10% U3O8, the indicated mineral resources are now estimated at 436,000 tonnes grading 0.78% U3O8 containing 7.46 million pounds U3O8, and the inferred mineral resources are estimated at 1.16 million tonnes grading 0.50% U3O8 containing 12.78 million pounds U3O8. These resources lie in the AM-15, MT-34 and MT-22 zones, and extend over a strike-length of 1.4 km. The Matoush structure has been traced 11 km to the south and 2.5 km to the north.

The increase in the indicated resources from 3.73 million pounds grading 0.67% U3O8 (Scott Wilson RPA, Sept. 2008) to 7.46 million pounds at 0.78% U3O8 is significant. The indicated resources for the MT-34 zone, which lies in the upper part of the ACF-4 stratigraphic unit, is now estimated at 174,000 tonnes grading 0.89% U3O8 containing 3.42 million pounds U3O8. It should be noted that no indicated resources have yet been estimated for the MT-22 zone due to the current drill hole spacing, which is about 50 metres by 50 metres. This zone will be drilled at a tighter spacing during the underground exploration program.

Mineral reserves have not been estimated for the Matoush project.

Table 1 - Mineral Resource Estimate for Matoush - September 1, 2009

Pounds
Tonnes Grade U3O8
(x 1,000) (% U3O8) (x 1,000)
--------------------------------------------------------------------------
Indicated
AM-15 262 0.70 4,039
MT-34 174 0.89 3,420
--------------------------------------------------------------------------
Total Indicated 436 0.78 7,458

Inferred
AM-15 33 0.34 249
MT-22 822 0.53 9,526
MT-34 302 0.45 3,003
--------------------------------------------------------------------------
Total Inferred 1,157 0.50 12,777

Notes:

1. CIM Definition Standards have been followed for classification of
Mineral Resources.
2. The cut-off grade of 0.1% U3O8 was estimated using a U3O8 price of
US$75/lb and assumed operating costs.
3. High U3O8 grades were cut to 9%.
4. The Mineral Resource estimate uses drill hole data available as of
September 1, 2009.
5. Mineral Resources are not Mineral Reserves and do not have
demonstrated economic viability.
6. Totals may not sum correctly due to rounding.

The new estimate confirms that Matoush is a robust deposit, relatively insensitive to cut-off grades between 0.05% and 0.2% U3O8.

Table 2 - Mineral Resource Estimate for Matoush - Different Cut-off Grades

Pounds
Cut-off Grade Tonnes Grade U3O8
(% U3O8) (x 1,000) (% U3O8) (x 1,000)
--------------------------------------------------------------------------
Indicated
AM-15 0.3 190 0.89 3,709
0.2 230 0.77 3,925
0.1 262 0.70 4,039
0.05 264 0.69 4,043
--------------------------------------------------------------------------
MT-34 0.3 139 1.05 3,238
0.2 168 0.92 3,393
0.1 174 0.89 3,420
0.05 174 0.89 3,420
--------------------------------------------------------------------------
Total Indicated 0.3 329 0.96 6,947
0.2 398 0.83 7,318
0.1 436 0.78 7,458
0.05 438 0.77 7,463
--------------------------------------------------------------------------
Inferred
AM-15 0.3 20 0.48 209
0.2 22 0.46 221
0.1 33 0.34 249
0.05 65 0.24 339
--------------------------------------------------------------------------
MT-22 0.3 509 0.72 8,082
0.2 686 0.60 9,067
0.1 822 0.53 9,526
0.05 964 0.47 9,918
--------------------------------------------------------------------------
MT-34 0.3 136 0.80 2,395
0.2 167 0.70 2,570
0.1 302 0.45 3,003
0.05 429 0.34 3,211
--------------------------------------------------------------------------
Total Inferred 0.3 665 0.73 10,686
0.2 875 0.61 11,858
0.1 1,157 0.50 12,777
0.05 1,458 0.42 13,468

Management is also pleased to announce that it has increased its 2009 surface exploration program from 30,000 metres to 35,000 metres of drilling.

The 2009 drilling program is ongoing, with two drills working on the property. One of these is assigned to systematic drilling on a 200-metre grid to locate new mineralized zones in the southern extension of the MT-34 zone, in the upper part of the ACF-4 stratigraphic unit. The two most recent holes confirmed mineralization to the south. Hole MT-09-035, drilled 1.0 km south of the edge of the current mineral resources, intersected the mineralized zone over 2.9 metres grading 0.12% eU3O8, lying characteristically at the contact of the Matoush fault. Hole MT-09-036 was drilled 200 metres further south from MT-09-035, and intersected a 4.7 -metre section of mineralization grading 0.26% eU3O8 (see longitudinal sections at www.stratecoinc.com).

These results confirm the enormous potential for increasing the resource on the Matoush and Eclat properties over a 11.1 km distance along the Matoush fault, to the south of the mineralized envelope hosting the resources. As previously reported, two holes drilled 200 metres apart, last winter in the upper part of the ACF-4 (EC-09-05 and EC-09-06) more than 6 km south of Hole MT-09-036 returned very good results (0.12% eU3O8 over 2.6 metres and 0.11% eU3O8 over 2.1 metres).

The second drill is presently carrying out a 2,000-metre program on the Pacific Bay property, adjacent to Matoush, where Strateco holds an option to acquire a 60% interest (see Pacific Bay's news release dated September 8, 2009, at www.pacificbayminerals.com).

Guy Hebert, President and CEO of Strateco, stated: "The Otish Mountains area of Quebec is on its way to becoming a major uranium mining camp, and our Matoush project is the heart of this. When we acquired the property in 2006, no mineral resource had been identified, and we had set ourselves the goal of delineating 15 to 20 million pounds of U3O8 to justify commercial production of 2 million pounds U3O8 per year for 8 to 10 years. We reached that resource goal very quickly. Furthermore, the mineralization on the Matoush property has one of the highest average grades in the world outside of the Athabasca Basin, if not the highest, without the problems associated with that area.

Given the currently-available information and the drilling program presently underway, which will likely exceed 120,000 metres over the next two years focused on the Matoush structure, our objective is now to determine the possibility of reaching 60 million pounds of U3O8.

The environmental studies required to build the mill and tailing ponds are scheduled to begin in 2010. The mill production capacity will be decided based on the resources outlined in 2011. The objective is now to sustain a minimum potential production of 4 million pounds of U3O8 per year.

Due to the growth in mineral resources and grade and the reduction of various estimated operating costs, the scoping study done in the fall of 2008 will be updated in the coming months. We expect the estimated production costs of US$27.33 per pound of U3O8 to lower."

Strateco is eligible for exploration tax credits equal to about 50% of surface exploration expenses up until the Matoush property enters the commercial production phase.

[steelpiston71]

BOUCHERVILLE, QUEBEC -- (Marketwire) -- 02/03/12 -- Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) is pleased to announce that the federal Minister of the Environment, the Honourable Peter Kent, and the federal administrator of the James Bay and Northern Quebec Agreement (the "federal administrator"), Mrs. Elaine Feldman, have both rendered positive decisions for the Matoush uranium exploration project, located in the Otish Mountains of northern Quebec, about 275 km from Chibougamau and 210 km from the Cree Nation of Mistissini.

The federal Minister of the Environment published a new release yesterday in which he indicated that he was favourable to the Matoush project environmental impact statement ("EIS"). After having studied the Matoush project environmental assessment and reviewed the Comprehensive Study Report and public's comments, the minister stated that "the project, taken into account the mitigation measures described in the Comprehensive Study Report, is not likely to cause significant adverse environmental effects". He added that "the mitigation measures and follow-up program described in the Comprehensive Study Report are appropriate for the proposed project". The minister's news release can be found on the website of the Canadian Environmental Assessment Agency ("CEAA") (www.ceaa.gc.ca/050/details-eng.cfm?evaluation=46115).

The federal administrator announced yesterday in a letter to Stratecto's President and Chief Executive Officer that she was authorizing the Matoush uranium exploration project. She specified that the decision in favour of the Matoush exploration project is conditional on the mentioned conditions, and underscored the importance of ensuring the proper implementation of the communication and information agreement signed between the Cree Nation of Mistissini and Strateco. Both the letter and the conditions set by the federal administrator can also be found on the CEAA's website (www.ceaa.gc.ca/default.asp?lang=En&n=D80E970C-1).

Ministerial and federal administrator approval was an essential step in the process of securing the licence for the Matoush project underground exploration program, which is issued by the Canadian Nuclear Safety Commission ("CNSC"). The CNSC can now hold a public hearing on the technical aspects of the underground exploration program, which is the final step in securing the licence.

[steelpiston71]

Couple of news releases meanwhile this stock has hit 18 cents intraday.

BOUCHERVILLE, QUEBEC--(Marketwire - Aug. 14, 2012) - Guy Hébert, President and Chief Executive Officer and an insider of Strateco Resources Inc. ("Strateco")(TSX:RSC)(FRANKFURT:RF9), announces that he intends to buy common shares of Strateco on the open market, from time to time, on the Toronto Stock Exchange TSX, while Strateco is awaiting the Canadian Nuclear Safety Commission's decision regarding the issuance of the license for the Matoush project underground exploration program. Mr. Hébert currently owns 6,063,614 shares of Strateco, directly and indirectly.

As mentioned in the quarterly report, in the eventuality that the license for the underground exploration program is granted, Strateco will resume discussions with potential strategic partners.

Strateco's interim MD&A and unaudited condensed interim financial statements for the second quarter of 2012 have been released, and can be found on SEDAR at www.sedar.com.

Source: Marketwire Canada (August 14, 2012 - 10:22 AM EDT)

BOUCHERVILLE, QUEBEC -- (Marketwire) -- 08/10/12 -- Strateco Resources Inc. (TSX:RSC)(FRANKFURT:RF9) reviewed the press release issued yesterday by the Grand Council of the Crees (Eeyou Istchee) regarding the declaration of a permanent moratorium on uranium exploration and exploitation on Eeyou Istchee territory.

"Although the Government of Quebec only can declare such a moratorium, the resolution underlines concerns of the Cree Nation that we have to take into account and for which we are in a position to answer", said Jean-Pierre Lachance, Executive Vice President and Exploration, Strateco Resources Inc.

Last December, Strateco Resources and the Mistissinni Cree Council signed an agreement on information and communications. The agreement is a demonstration of the desire to facilitate dialogue between stakeholders to ensure that the advanced exploration phase and further development of the Matoush project happen in close collaboration and in a spirit of partnership. The agreement was signed for a four year period and will continue to be implemented in order to encourage discussions based on scientifically proven facts.

"We are determined to maintain dialogue with the Cree Nation and to take the time required in order to have an environment condusive to talks respecting rights and aspirations of all stakeholders," added Mr. Lachance.

Strateco Resources is expecting an answer from the Canadian Nuclear Safety Commission regarding a construction permit for an exploration shaft. CNSC's decision will address issues related to human health and the environment.

The ministere du Developpement durable, de l'Environnement et des Parcs of Quebec will then make its decision known.

In light of those upcoming authorisations, a committee comprised of representatives of the Cree Community of Mistissinni and of Strateco was put in place to facilitate fact-based exchanges regarding the Matough Project, including additional data that will be obtained during the advanced exploration phase.

In the meantime, prepatory work continues to progress as planned.

[steelpiston71]

Moratorium in Quebec, rsc down over 50%, hit 4 cents.

http://www.miningweekly.com/ar.....2013-03-28

TORONTO (miningweekly.com) – Quebec-focused uranium explorer Strateco Resources on Thursday denounced an announcement made by Quebec Environment Minister Yves-François Blanchet, effectively placing a moratorium on uranium exploration and mining in the province, and ordering an impact study on the exploration and development of the mineral.

The Minister's announcement followed ongoing legal proceedings aimed at forcing the provincial government to make a decision on the company’s flagship Matoush project, which is located east of James Bay on The James Bay Cree Nation’s Eeyou Istchee reserve.

Last year, after two years of public hearings, the James Bay Cree Nation enacted a permanent moratorium on uranium exploration, mining, milling and waste emplacement on their territory on the east shore of James Bay, known as Eeyou Istchee.

Despite this moratorium, federal regulators, including the Canadian Nuclear Safety Commission, allowed Strateco’s Matoush uranium project to proceed within this Cree territory. Nevertheless, before this project could proceed, provincial authorisation was also required, for which Strateco had already been waiting for two years.

The company in January filed a court order to force the Quebec government to make a decision on its exploration project in the province’s Otish Mountains.

In October, The Canadian Nuclear Safety Commission granted an exploration license to Strateco Resources, allowing the company to do advanced exploration for uranium at the site.

The company in January said the Cree should not have the power to veto the project, and that it was up to the provincial government to make the final decision.

Strateco said it intended to look into the legality of the Ministers announcement, given that the Superior Court had not yet had the opportunity to rule.

"In addition to overlooking the recommendations of his own review committee, the Minister has also completely ignored the Canadian Nuclear Safety Commission's expert opinion. These internationally recognised experts have all concluded, without exception, that our project is safe," Strateco Resources CEO Guy Hebert said in a statement shortly after the announcement.

"Without prior notice and for no good reason, neither rational nor scientific, the government has changed the rules. The Minister's attitude is both irresponsible and unprecedented," Hebert affirmed.

Strateco said the announcement was intended to unduly delay any certificate of approval for the Strateco's Matoush project, on which it had already spent $120-million.

[steelpiston71]

Up 36% on this news:

BOUCHERVILLE, QUEBEC--(Marketwired - March 5, 2014) - Strateco Resources Inc. ("Strateco")(TSX:RSC)(FRANKFURT:RF9) notes that Quebec's Minister of Sustainable Development, the Environment, Wildlife and Parks (the "MDDEFP") has made an announcement mandating the Bureau d'audiences publiques sur l'environnement (the "BAPE") to hold a public inquiry and hearings on the environmental and social impact of uranium exploration and mining in Quebec. Strateco intends to be very active throughout the process, and hopes that the independent study, conducted by Université Laval researchers on the state of the art of exploration and uranium mining in Quebec and related impacts and mitigation measures, will lay out rational, scientific facts and set the ground for stakeholder discussion.

Strateco trusts that this exercise in participatory democracy will highlight the facts, regardless of what people believe. Although the Cree Nation of Mistissini immediately indicated that it was entrenched in its position, Strateco would like them to be open to discussion. It should be recalled that after undergoing a similar exercise involving a review of scientific studies, Greenland (Denmark), Queensland (Australia) and Labrador (Canada), most notably, lifted their moratoriums on uranium exploration and mining.

Strateco is confident that this public discussion will enable the BAPE to propose a balanced approach to the principles of the Environmental Quality Act in keeping with the rights of all and enabling the proponents to carry through with their projects.

Despite the heated debates surrounding previous public hearings of this nature, Strateco remains optimistic about the outcome of the process, and believes that the MDDEFP Minister will realize that he already had in hand all the knowledge needed to make an informed, responsible decision in favour of the Matoush project, Quebec's only advanced uranium project.

The announcement of the BAPE review of the Quebec uranium industry in no way affects the legal proceedings initiated by Strateco with regard to the Matoush uranium project. Strateco intends to continue to vigorously defend the interests of its shareholders, who have invested more than $123 million in the project.