Washington (Platts)--4Jun2007

The spot price of uranium jumped at least $5 a pound late Friday to
$138/lb U3O8, according to price reporting company TradeTech. 

     The jump followed the submission of bids that day to Atlanta-based
American Fuel Resources, which was offering for sale on behalf of several
investment funds 250,000 pounds U3O8 and 100 metric tons uranium as UF6. 

     AFR has not yet finished analyzing the bids it received, meaning it is
possible that the spot price for U3O8 could go slightly higher, sources said. 

    An AFR source said that the company received offers "from a good
representation of bidders," which apparently included one or more utilities.

		--Mike Knapik, newsdesk@platts.com