Energy Metals Ltd

Australian resources company GBM Resources (ASX:GBZ) announced it has entered into a Share Acquisition Framework Agreement with state-owned enterprise Jiangxi Centre Mining Co Ltd (JCM), an entity owned by Jiangxi Provincial Bureau of Coal Geology, formalising an investment in GBM for strategic investment and partnership.

Australian Market Report of December 17, 2010 includes: Carabella Resources Limited (ASX:CLR) confirmed coking coal resources at Grosvenor West in Queensland; Archer Exploration Limited (ASX:AXE) reported peak assays of 0.47% rare earth elements at Ketchowla manganese deposits; Energy Metals Limited (ASX:EME) has completed resource estimate for its 100% owned Lake Mason project in Western Australia; IMX Resources Limited (ASX:IXR) announced analytical results from the initial 6 RC drill holes completed at Snaefell iron ore prospect in South Australia.

The Australian share market closed lower on Friday hit by National Australia Bank and Telstra. At close, the benchmark S&P/ASX200 index fell 19.8 points, or 0.42 per cent, to 4650.5 while the broader All Ordinaries lost 17.7 points, or 0.38 per cent, at 4671.9. The Australian dollar fell to a fresh 10-week low on Friday and closed at US$0.8888.

Wall Street closed in negative territory on Friday despite a survey showed that US consumer sentiment rose to its strongest level in three months. But the Dow still surged 164 points, or 1.74 per cent, with four days rally in the week.

Australian uranium explorer Energy Metals (ASX:EME) has entered into an agreement with China Guangdong Nuclear Power Holding Co., or CGNPH, which offered A$83.6 million for control in Energy Metals.

2009 will be an interesting year for Uranium in Western Australia. The change of Government has led to uranium exploration and mining being back in favour but the financial crisis has led to a lack of funds being available for exploration. However the outlook is positive. Uranium usage is tipped to increase with China and India leading the way and Japan also active in the sector.

Resource Capital Research ("RCR"), an equity research company which focuses on small and mid size resource companies, today launched its major quarterly research report covering 16 global uranium exploration and development companies.

Energy Metals (ASX:EME)(PINK:EYMTF), as manager of the Bigrlyi Joint Venture, is pleased to announce the results of an in-house Updated Scoping Study recently completed at the Bigrlyi Uranium and Vanadium Project in the Northern Territory.

ENERGY METALS LTD AMEC Company Presentation - Mr Lindsay Dudfield, Executive Director; Boardroomradio is pleased to announce that ENERGY METALS LTD (ASX: EME) has published an audio file. The followin