LAS VEGAS, Nev., April 17, 2013 /PRNewswire/ -- Uranium Hunter Corporation (OTC Pink: URHN), a uranium and gold mining company that targets historically proven and highly prospective properties in Africa and South America which can quickly come to production, has targeted as its fuel of growth for the company and its shareholders the uranium and gold industries. Uranium is a growth opportunity due to the low cost of production of electricity and the increased demand that electricity is experiencing from the developing areas of the world.
The following information provides the breakdown of costs to produce electricity using all the means that are available.
The following information displays the costs of various sources of electric power in U.S. cents per kilowatt hour (KwH). Nuclear power is the cheapest source of electricity.
- Coal Steam - $0.036 - EIA
- Nuclear - $0.024 - EIA
- Hydroelectric - $0.092 - EIA
- Gas Turbine - $0.049 - EIA
- Wind, Onshore - $0.04 to $0.15 - NREL
- Wind, Offshore - $0.07 to $0.20 - NREL
- Solar, Photovoltaic - $0.15 to $0.59 - NREL
- Solar, Concentrating - $0.06 to $0.30 - NREL
- Geothermal - $0.04 to $0.13 - NREL
Data from the U.S. Energy Information Administration (EIA) and U.S. National Renewable Energy Laboratory (NREL)
The EIA and oil major BP both put out highly regarded annual energy forecasts. According to both analyses, electricity demand represents the largest growth of any energy sector. World electricity demand is projected to grow between 2.2% and 2.6% per year through 2030, according to the two major forecasts. As one would expect, the main sources of growth are the immense and modernizing economies of China (38%) and India (13%).
Gregory Ellis, Uranium Hunter's President, said, "Because nuclear power is the cheapest and one of the cleanest and most dependable sources of electricity, the demand for more nuclear power plants and thus the demand for more uranium will only increase in the coming years and decades. It is our intention to become a source of supply for these future demands."
About Uranium Hunter Corporation
Through its wholly-owned subsidiary Cuyuni Mining, Uranium Hunter's mission is to build a fully-integrated uranium gold, precious metals and gemstone production company that incorporates exploration, development, acquisition, mining, ore processing and sales. The Company targets historically proven and highly prospective properties in South America and Africa which can come to production quickly. For more information visit the company's site at www.URHNcorporation.com
This press release contains forward-looking statements, particularly as related to, among other things, Uranium Hunter's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Uranium Hunter's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Uranium Hunter's Quarterly and Annual Reports and other documents Uranium Hunter files from time-to-time. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Uranium Hunter cautions readers not to place undue reliance on such statements. Uranium Hunter does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Uranium Hunter's expectations and estimates.
SOURCE Uranium Hunter Corporation