| Powertech Uranium Corp. |
| Background: |
Powertech Uranium Corp., through its subsidiary, Powertech (USA), Inc., engages in the acquisition, exploration, and development of uranium properties in South Dakota, Wyoming, Colorado, and New Mexico. The company's uranium holdings cover approximately 75,000 acres in the western United States. Its principal projects include the Dewey-Burdock Project, which consists of approximately 50 mining leases and 360 mining claims covering approximately 14,770 surface acres and 18,820 net mineral acres, located in the Edgemont Uranium District in southwest South Dakota; and the Centennial Project that consists of approximately 7,320 acres of mineral rights in Weld County, Colorado. The company was formerly known as Powertech Industries Inc. and changed its name to Powertech Uranium Corp. in June 2006. Powertech Uranium Corp. was incorporated in 1984 and is based in Vancouver, Canada. INCORPORATED: in British Columbia Feb. 10, 1984, as Ararat Oil & Minerals Inc. Name changed to International Powertech Systems Inc. Mar. 19, 1985; to Powertech Industries Inc. Mar. 2, 1992; and to Powertech Uranium Corp. June 6, 2006. July 9, 1999, acquired the remaining 51% interest in Gasmaster Industries Inc. for 2,010,576 Cl. A Common shares and 1,700,000 performance Common shares. May 11, 2006, acquuired the assets of Denver Uranium Company, LLC (DUC) in exchange for 8,000,000 shares of the company's Common stock and the assumption of the liabilities of DUC (including a bridge loan), but excluding liabilities related to tax and DUC's officers and members. The company also issued 2,220,000 Common shares to two persons in full settlement of that bridge loan. SUBSIDIARIES: |
| Powertech (USA) Inc. |
| Privacy Notice Copyright © 2009, Standard & Poor's. All rights reserved. |