Opportunity Snapshot
VIPR Industries Inc. is a growing mining company working to develop two highly prospective gold and uranium properties in stable, mining-friendly and mineral-rich Tanzania. VIPR Industries’ wholly owned Singida Gold Property is located in Tanzania’s Singida Gold Belt adjacent to Shanta Gold Limited’s newly discovered gold deposit. Drilling results from Shanta Gold’s property indicate a resource of more than 543,000 ounces. VIPR Industries reports its Singida Gold Property is located along strike from the Shanta Gold discovery area and displays characteristics similar to Shanta’s newly found Gold Tree and The Jem deposits.
VIPR Industries has also acquired the high quality Itigi/Manyoni Uranium Property. Radiometric surveys have identified anomalies indicating fourteen zones highly prospective for uranium on the company’s claims.
VIPR Industries is ideally positioned in the resource sector where demand and prices for both gold and uranium are rising, along with profits for producers. Gold, which offers investors a safe haven and store of value in uncertain financial times, has gained 47% in the past year. The gold market is achieving record growth, boosted by a 76% spike in oil prices, stocks at 21-month lows, increasing weakness in the dollar, ongoing credit market crises, inflation’s climb above 10%, rising gold demand, and a drop in global gold production to its lowest level since 1937.
The market for uranium, the fuel source for nuclear power plants, is growing dramatically. Global energy demand is forecast to rise 50% by 2030, with the non-OECD countries increasing consumption by a staggering 85%, according to the U.S. Department of Energy. Nations worldwide are increasingly embracing clean, emissions-free nuclear power in order to secure reliable large-scale energy supply and combat climate change. Today 439 nuclear reactors in 31 countries generate more than 16% of the world’s electricity supply. Worldwide 35 new plants are under construction, 91 are planned, 228 are proposed, and many existing plants are significantly expanding capacity, according to the World Nuclear Association. The International Atomic Energy Agency estimates nuclear power will expand from 372 GWe today to 509-663 GWe by 2030. Such growth would cause uranium demand to increase from 66,500 tonnes per year to between 94,000 and 122,000 tonnes.