TORONTO, Dec. 14, 2012 /CNW Telbec/ - NWT Uranium Corp. (TSX VENTURE:NWT) (FRANKFURT:NMV) ("NWT" or "The Company") announced that CEO David Subotic and Chairman John Zorbas met last week with Albanian Prime Minister Sali Berisha in Tirana, Albania. Among the topics discussed was the potential for NWT Uranium to invest in Albania through the acquisition of exploration rights for state-owned mineral resources.
"Albania has already created many success stories by offering numerous avenues of government support." said Prime Minister Berisha. "We are dedicated to guaranteeing the success of the private sector, as it is a major contributor to the development of the country."
Both parties described the meeting at informative and fruitful and promised to continue to explore opportunities for future collaboration. NWT Uranium believes Albania to be well positioned for a period of sustained and substantial growth as the country continues with preparations to join the European Union.
"We were honoured to meet with Prime Minister Berisha and are excited to explore further the possibility of bringing increased shareholder value through strategic investments in Albania," said David Subotic, CEO of NWT Uranium. "Exploring the potential for collaboration in successful emerging markets such as Albania is consistent with our goal of continuing to grow NWT Uranium through innovation and opportunity."
Subotic and NWT Executive Chairman John Zorbas, who both have significant experience operating in emerging markets, expressed support for Prime Minister Berisha's progress in modernizing the Albanian economy and encouraging increased foreign investment. In praising the Prime Minister's efforts, they highlighted PM Berisha's accomplishments in successfully privatizing the vast majority of Albania's state-owned enterprises.
"Albania is unquestionably a country that is open for business and welcoming of foreign investment," said Zorbas. "Prime Minister Berisha has created an inviting business environment that presents numerous opportunities for growth to an innovation-driven company like NWT Uranium."
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NWT Uranium Corp. (TSX VENTURE:NWT) (FRANKFURT:NMV)
NWT Uranium Corp. is an emerging international exploration company with an experienced management team. Based in Toronto, Canada the firm is publicly traded on the TSX and Frankfurt stock exchange. NWT Uranium holds a stake in URU Metals and Azimut Exploration. The Company is focused on strategic investments that bring shareholder value and growth.
SOURCE: NWT Uranium Corp.
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