Energy Metals Corporation (TSX: EMC.TO) announced it would commence trading on the Toronto Stock Exchange on Thursday. EMC Chief Executive Paul Matysek’s quote spelled it out, that because of this it would be possible for “… the Company to reach a broader base of individual investors, mutual funds and institutional investors.” In other words, there would be less dependence upon the retail investor, and more reliance on the big funds to pile into EMC shares. Of course, the little guy will join the party as well.

UR-Energy Inc (TSX: URE.TO) issued a series of news releases between June 5th and Thursday, announcing a number of significant developments. First, they confirmed their uranium resources on their two primary properties, Lost Creek and Lost Soldier, in Wyoming, by filing National Instrument 43-101 documents. Both resources were higher than the historical resource estimates. Second, the company confirmed the leachability of uranium on its Lost Soldier property.

Why is that important? Without the ability to leach the uranium through an In Situ Recovery project, the company would have been forced to raise the money for a far more expensive open pit operation. In an earlier interview, Chief Executive Bill Boberg told us the permeability would be a “go, no-go” consideration on the project. It appears it is a go. Thursday’s news release confirmed that, but buried in the bottom of the news release was a more telling news item. The company is conducting environmental, hydrologic and engineering studies to “generate baseline data.”

During the course of our research in Wyoming, we discovered a company must provide at least one year of baseline data before it can submit its application for a permit to mine in that state. The other piece of data in the news release showed UR-Energy has been working on this and expected to submit its application by mid 2007. In other words, the company is quickly moving forward to establish its In Situ Recovery operation.

Uranerz Energy (OTC BB: URNZ) issued a few telling news releases, which may explain the direction in which they are heading. On June 5th, the company announced a new Chief Financial Officer. URNZ also announced it had closed a financing, bumping up their cash to just under $12 million. URNZ Chief Executive Glenn Catchpole told us he hoped to launch his first In Situ Recovery operation for about, or less than, $10 million. This is a good sign. But, it was the next day’s news release which confirmed the earlier news and reinforced where the company is going. The company announced the appointment of three independent directors to its Board. All three were appointed to the audit committee. Two are accountants with impressive track records; the third has an MBA from the University of Western Ontario, one of North America’s top MBA schools. How do we interpret this news release? URNZ probably plans to move from the lowly over the counter bulletin board to a more senior exchange: Amex or NASDAQ Small Cap would be our guess.

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