Facebook Users

Will UMNG go up?

UMNG UMINING Resources Inc. featured news, full reports, and detailed charts

UMINING Resources Inc. (UMNG/UMNG.PK) Wrap Up:

UMINING Resources, Inc. engages in mining uranium and producing alternative green energy. Its mining properties include MT LAURIER (Grenville) mining project. UMINING Resources, Inc. was formerly known as J. Espo's, Inc. and changed its name to Globex, Inc. It further changed its name to UMINING Resources, Inc. in April 2007. The company was incorporated in 1999 and is based in Orlando,Florida.
www.umining.com
Founded in 1999

UMINING Resources Inc. (UMNG:OTC)

Market Cap
5.5M
Total Revenue
50.0K
EBITDA
--
DILUTED EPS TTM
-0.01
P/E
--
P/S
109.4x
Return On Asset
--
Return On Equity
--
K = Thousands  M = Millions  B = Billions

UMNG Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments for UMINING Resources Inc. (UMNG)

UMINING Resources Inc. Announces Joint Venture Agreement with Kansalas Resources SA

UMINING Resources Inc. announces that the company has entered into a joint venture agreement with Kansalas Resources SA. Universal Mining Corporation and Kansalas Resources SA. will pool their technical and financial resources to produce gold on a mining property covering 97 square kilometers located in Guinea in the prefecture of Siguiri. Universal Mining Corporation has completed the establishment of the Guinean branch of the company to enable UMC to operate in Guinea-Universal Mining Guinea-SA. This branch of UMC shall be overseen and managed by Maria Spiliopoulos as part of her Vice-President of Mining Operations duties.

UMINING Resources Inc. has Changed its Name to Universal Mining Corporation

UMINING Resources Inc. changed its name to Universal Mining Corporation

Umining Resources Inc. Nominates Members to the Board of Directors; Plans to Open New Office

UMINING Resources Inc. announced continues to restructure the Board of Directors. Marie-Eve Bilodeau has been nominated as U Mining's new Secretary and Maria Spiliopolous has been nominated as Vice President of Mining Operations at the office in Guinea. Between the company and the Government of Guinea will be Her Excellence Hadja Fanta Toya Conde and lastly the new Corporate Attorney in Conakry will be Sekou Koundiano ESQ. Second, U Mining Resources Inc. shall be taking a new direction, the company has been dormant long enough. The company is to be opening a new Head Office in Canada and will be responsible for all administrative duties. The company will also be opening a new office in Conakry that will be the head of overseeing all mining operations.

otc, otcbb, pinksheet, UMNG, ob UMINING Resources Inc.

UMNG Competitors

Company Last Change
No competitor information is available for UMNG.
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation UMNG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 109.4x
Price/Book 36.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 69.0x

UMNG

UMNG transactions

Type
Date
Target
No transactions in the last 6 months.

More Recent News About UMINING Resources Inc.

More news for UMNG

U Mining Resources Inc. Issues a Word From the President

NEW YORK, NY--(MARKET WIRE)--Dec 16, 2008 -- U Mining Resources Inc. (Other OTC:UMNG.PK - News) issues a public announcement from their Chief Executive Officer Rejean Morin: Dear Shareholders,Sometimes everyone sees the opportunities which exist. The new board which is now in control of acquisitions and mergers is pleased to announce that since its press release of December 10, 2008 various mining companies expressed their willingness to enter into partnerships with us. Many of our shareholders have already seen our possibilities and have expressed their thoughts and comments. As a public company we respect our shareholders and not dilute ourselves but rather show our progress in the mines we presently acquired. Our first partnership is one which will entail hard work, additional purchases of equipment and a strong increase on the labor front.The progress which we have set forth is already in place and we foresee no major problems. Creating work and providing accurate information is essential for the growth of this company.Lastly as a personal note I would like to wish all shareholders a Happy Holidays and thank you for a wonderful first quarter.Happy Holidays,Rejean MorinRecently announced the company signed a joint venture agreement with Kansalas Resources SA. Universal Mining Corporation and Kansalas Resources SA. will pool their technical and financial resources to produce gold on a mining property covering 97 square kilometers located in Guinea in the prefecture of Siguiri.Corporate ProfileUniversa...
Click here to read the whole Article (external link)

Universal Mining Corporation Announces a Joint Venture Agreement With Kansalas Resources SA.

NEW YORK, NY--(MARKET WIRE)--Dec 10, 2008 -- Universal Mining Corporation (Other OTC:UMNG.PK - News) announces today that the company has entered into a joint venture agreement with Kansalas Resources SA. Universal Mining Corporation and Kansalas Resources SA. will pool their technical and financial resources to produce gold on a mining property covering 97 square kilometers located in Guinea in the prefecture of Siguiri. More information will be provided on the company's website as it becomes available. Universal Mining Corporation has completed the establishment of the Guinean branch of the company to enable UMC to operate in Guinea - Universal Mining Guinea - SA. This branch of UMC shall be overseen and managed by Maria Spiliopoulos as part of her Vice-President of Mining Operations duties.A full business plan and detailed budget concerning the gold production in Guinea shall be released on the company's new website www.universalminingcorporation.com shortly.Corporate ProfileUniversal Mining Corporation is a mining company who is mainly focused on obtaining mining permits and rights, exploration permits and the acquisition of small open pit gold mines from independent or private entities.UMC currently operates out of two International offices, one in Montreal, QC in Canada which acts as th...
Click here to read the whole Article (external link)

U Mining Resources Inc. Today Announces Major Corporate Changes

NEW YORK, NY--(MARKET WIRE)--Dec 8, 2008 -- U Mining Resources, Inc. (Other OTC:UMNG.PK - News) announces that U Mining Resources Inc. has received approbation to proceed with the name change and shall be known as Universal Mining Corporation. This officially completes the transition from the former management of U Mining Resources Inc. to the new management of Universal Mining Corporation. Universal Mining Corporation is a mining company who is mainly focused on obtaining mining permits and rights, exploration permits and the acquisition of open pit gold mines from independent or private entities.UMC currently operates out of two international offices, one in Montréal, QC in Canada, which acts as the Company's administrative head office and the other in Conakry, Guinea which serves as the mining operations head office.The Company Website is now available at http://www.universalminingcorporation.com where members and investors can find current information as to company's progress.Looking towards the future UMC has set as its main goal to become a very well established gold producer in western Africa and to build strong long-term relationships with the local population and their government. UMC strongly recognizes an important social responsibility towards the local communities and belie...
Click here to read the whole Article (external link)

U Mining Resources, Inc. Announces Nomination of New Members to the Board of Directors

NEW YORK, NY--(MARKET WIRE)--Dec 3, 2008 -- U Mining Resources, Inc. (Other OTC:UMNG.PK - News) -- After yesterday's nomination of the company's new President and CEO, the company continues to restructure the Board of Directors. Marie-Êve Bilodeau has been nominated as U Mining's new Secretary and Maria Spiliopolous has been nominated as Vice President of Mining Operations at the office in Guinea. Between the company and the Government of Guinea will be Her Excellence Hadja Fanta Toya Conde and lastly the new Corporate Attorney in Conakry will be Sekou Koundiano ESQ. Second, U Mining Resources, Inc. shall be taking a new direction, the company has been dormant long enough. The company is to be opening a new Head Office in Canada and will be responsible for all administrative duties. The company will also be opening a new office in Conakry that will be the head of overseeing all mining operations.U Mining Resources, Inc. shall also be filing for a name change in the following days as it is changing their profile. A new company website shall also be available very shortly.Forward-Looking StatementsPlease be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of...
Click here to read the whole Article (external link)

U Mining Resources, Inc. Announces Corporate Restructuring

Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....
Click here to read the whole Article (external link)

Would you like to leave a comment about UMINING Resources Inc. UMNG/UMNG.PK

Besides UMINING Resources Inc. there is more great information available at Realpennies.com