Australian American Mining (AIW.ax) – a survivor of the uranium meltdown

  • The company is the result of the merger of Monaro Mining and Uranium King, two Australian listed uranium explorese in 2008.  The goal was to create a new force in uranium with a global array of prospects.
  • It has just leased territory in Texas's ISL uranium belt with a view to moving towards production ASAP utilizing idle processing capacity in the region.
  • A mover to production also should begin in FY13 at the Apex/Lowboy property in Nevada
  • Aus Am has a Level I ADR listing and is working towards a level II listing on the OTCQX later in 2010, which should expose the name to a whole new universe of investors in the US

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