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Aquentium Accepting Applications for Geologist for Uranium Exploration and Mining
North Palm Springs, CA, Oct 15, 2007 (WORLD STOCK WIRE via COMTEX) -- Aquentium, Inc. (OTCBB: AQNM) announced today that the company is now accepting applications for a geologist position for the exploration and mining of Uranium for its recently announced joint venture with Mootah Energetic Pty. Ltd.
“We are very excited about our opportunity to enter into the exploration and mining of Uranium and look forward to building a world class mining organization,” stated Aquentium President, Mark Taggatz.
A persistent deficit between world U3O8 demand and worlds U3O8 mining supply has existed for close to two decades and inventories are steadily being depleted. World demand for uranium will be 185 million pounds in 2013, estimates the Nuclear Energy Institute in Washington. However, supply likely will be significantly lower, at about 130 million pounds.
International supply shortages of uranium, along with escalating nuclear programs in nations such as India and China, which both together according to the World Nuclear Association have official plans in the works for 101 new reactors.
Governments worldwide struggle for solutions to control green house gas emissions and produce affordable energy. Nuclear power is the cleanest, least expensive and most secure source of electricity.
In the United States, 104 operational nuclear power plants provide approximately 20% of the country's energy. Reactors that have met the end of their normal 40-year operating license are being granted extensions. The U.S. Department of Energy is actively providing incentives encouraging power corporations to apply for licenses to build new reactors in an attempt to stave off an imminent energy shortage.
“One of the world's most concentrated energy sources, a single pound of yellowcake, or U308, is equivalent to 31 barrels of oil or 10 tons of coal. A typical pellet of uranium weighs 7 grams (0.24 ounces), and can generate as much energy as 3.5 barrels of oil, 17,000 cubic feet of natural gas or 1,780 pounds of coal. This makes it a clean and efficient source of natural energy,” added Taggatz.
About Aquentium
Aquentium is a diversified publicly traded company with interests in low income and emergency housing, mining, food safety, building materials & construction, recycling, sanitation, and waste water treatment.
URL: www.aquentium.com
Email: info@aquentium.com
Mark Taggatz
Aquentium
PO Box 580943
North Palm Springs, CA 92258
USA
Phone: 760-329-4139
Source: Aquentium
Note: The following press release was submitted by: Aquentium, and World Stock Wire, Inc. is not liable for the contents of this press release.
Note: Certain statements in this news release may contain "forward looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. There can be no assurance that such forward-looking statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The company currently has no orders for their housing product.
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