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Gold/Mining/Energy : Uranium Stocks

URNM 56.73

-4.9%

Dec 12 4:00 PM EST

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From: CommanderCricket	5/18/2007 4:07:10 PM
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Here it is Energy Metals in Exclusive Negotiations Regarding Potential Sale of Company Friday May 18, 3:59 pm ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 18, 2007 -- Energy Metals Corporation (Toronto:EMC.TO - News)(NYSE Arca:EMU) announces that it is in exclusive negotiations with respect to a potential sale of the company. No assurance can be given that the negotiations will be successful. Energy Metals Corporation is a NYSE Arca and TSX listed company focused on advancing its industry leading uranium property portfolio towards production in what is the world's largest uranium consumer market, the United States of America. Energy Metals Corporation has extensive advanced property holdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery). This form of uranium mining was pioneered in Texas and Wyoming and utilizes oxygenated groundwater to dissolve the uranium in place and pump it to the surface through water wells. Energy Metals is currently developing the La Palangana uranium deposit and upgrading the Hobson Uranium Processing Plant in Texas for an anticipated 2008 production date. Energy Metals is also actively advancing other significant uranium properties in the States of Colorado, Utah, Nevada, Oregon and Arizona.

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