VANCOUVER, British Columbia--(BUSINESS WIRE)--European Uranium Resources, Ltd. (EUU: TSX-V; EUUNF: OTCQX; TGPN: Frankfurt) (the “Corporation”) is pleased to announce that Mr. David (“Sam”) Hutchins has been appointed to the Board of Directors.
Mr. Hutchins has 30 years’ experience as a resources analyst and fund manager. Currently, he is a principal and investment manager for RDP Fund Management LLP (“RDP”) in London. RDP intends to focus exclusively on a single fund called 'Global Resources Investment Trust' (“GRIT”). GRIT owns 19.3% of the common shares of EUU.
Mr. Hutchins’ career began with the Melbourne Stock Exchange in 1979 and he subsequently became an executive director of M&G Investment Management in London. He headed the International Desk at M&G Investment Management from 1995, where he was concurrently responsible for M&G’s investments in the precious metals and commodities sector globally. He left M&G Investment Management in December 1996 and was involved in fund management at Yorkton Securities and acted as a consultant at AWI Administration Services in Australia. He was a founding director of Resources Investment Trust plc at its launch in January 2002 and chief executive of Ocean Resources Capital Holdings plc which was admitted to the AIM Market of the London Stock Exchange from 2003 to 2007. He was a founding partner in www.minesite.com, a resource industry specific news-related website and conference business and is a member of the FTSE Gold Mines Index Committee.
About European Uranium Resources Ltd.
European Uranium Resources Ltd. is a dedicated European uranium exploration and development company that has built a portfolio of outstanding projects in Slovakia. European Uranium is well placed to become the key uranium exploration and development company in Europe. Europe is the world’s largest per capita consumer of uranium with 160 reactors and more under construction or planned, but with only one currently operating uranium mine. A 43-101 prefeasibility study completed by Tetra Tech, Inc. indicates that Kuriskova could be built and operated using Best Available Technology for environmental protection and still have among the lowest production costs per pound of uranium in the world. European Uranium has a strong base of supportive shareholders including AREVA, ranked first in the global nuclear power industry and a key player in uranium mining and nuclear operations on a world-wide basis.
EUROPEAN URANIUM RESOURCES LTD.
Dorian L. (Dusty) Nicol, President and CEO
For further information please contact: Dorian (Dusty) Nicol, at (604) 536-2711, or visit www.euresources.com.
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This news release contains forward-looking statements that are based on the Corporation's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.