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SXR Uranium One CEO Wants to Buy Another U.S. Uranium Company in 2006


SARASOTA, Fla., July 20, 2006 – (WebWire)

Two acquisitions were not enough for SXR Uranium One (TSX: SXR) Chief Executive Neal Froneman. During a tape-recorded interview, Froneman was asked if he would acquire another uranium company in 2006. “I do believe that we should probably do one more transaction,” Froneman told Froneman outlined what the takeover candidate’s credentials might be, “We are looking now at the type of acquisition that would bring with it a good technical team.”

Other hints Froneman dropped during the 45-minute taped interview included, “That transaction is very much going to be focused on getting a good skills base. And, of course, it will come with good assets. We are particularly interested in people that have taken their projects forward.” Froneman added another clue during the interview, “We are, at this stage, an advanced development company that very shortly will be a uranium producer as well. We have to ensure that we merge with companies that have similar qualities.”

During another moment of the interview, while discussing the merits of underground uranium mining versus the ISR (in situ recovery) method, Froneman again brought up another hint at the qualities of his next takeover or merger candidate, “It would be very nice to merge with a good quality ISR company in the U.S. We just don’t have any properties in the U.S. that are ISR. There may be one or two opportunities, but it is not something we specifically are trying to acquire. Of course, through these potential future mergers, we may become a significant ISR producer as well.”

Specific names of potential takeover or merger candidates were discussed during the interview. Froneman told “There are a number of companies – some of them that you mentioned that are obvious or logical targets.” Later, he told the interviewer, after specific companies were discussed, “I think you have a good understanding of who the appropriate players are.”

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To read the interview with SXR Uranium One Chief Executive Neal Froneman, please visit StockInterview at



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