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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 40-F

Annual Report pursuant to Section 13(a) or 15(d) of the Securities
  Exchange Act of 1934

|For the fiscal year ended June 30, 2006 | Commission File Number: 000-52146
|--------------------------------------- | ---------------------------------

ENERGY METALS CORPORATION(Exact name of Registrant as specified in its charter)

|British Columbia                    | 1090                         | Not Applicable                         
|----------------------------------- | ---------------------------- | ---------------------------------------
|(Province or other jurisdictions of | (Primary Standard Industrial | (I.R.S. Employer Identification Number)
|incorporation or organization)      | Classification Code Number)  |                                        

Suite 1238  200 Granville Street 
  Vancouver, British Columbia
  Canada, V6C 1S4
  (604) 684-9007(Address and telephone number of registrants principal executive offices)

Erwin & Thompson LLP 
  1 East Liberty St., Suite 424 
  P.O. Box 40817 
  Reno, Nevada 89504
  (775) 786-9494(Name, address (including zip code) and telephone number (including area
  code) of agent for service in the United States)

Securities registered or to be registered pursuant to Section
  12(b) of the Act: None

|Securities registered or to be registered pursuant
      to Section 12(g) of the Act: | Common Shares without par value*(Title of Class)*
|------------------------------------------------------------------------------------- | -------------------------------------------------

Securities for which there is a reporting obligation pursuant
  to Section 15(d) of the Act: None

For annual reports, indicate by check market the information
filed with this Form:

[ x ]  Annual Information
Form                        
[ x ]  Audited Annual Financial Statements

Indicate the number of outstanding shares of each of the
issuers classes of capital or common stock as of the close of the period
covered by the annual report: 54,682,225

Indicate by check mark whether the Registrant by filing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934 (the Exchange Act). If Yes is marked, indicate the filing number
assigned to the Registrant in connection with such Rule.
Yes [    ]  No [ x ]

Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the proceeding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes [    ]  No [ x
]

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TABLE OF CONTENTS TO FORM 40-F

FORWARD LOOKING STATEMENTS
  CERTIFICATIONS AND DISCLOSURE CONTROLS AND PROCEDURES 
  AUDIT COMMITTEE 
  CODE OF ETHICS 
  PRINCIPAL ACCOUNTANT FEES AND SERVICES
  OFF-BALANCE SHEET ARRANGEMENTS 
  TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
  CURRENCY 
  NOTE TO U.S. READERS RESPECTING RESERVES AND RESOURCES
  UNDERTAKING 
  CONSENT TO SERVICE OF PROCESS
  SIGNATURES 
  EXHIBIT INDEX 
  EXHIBTS

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FORWARD LOOKING STATEMENTS

Certain statements in this Form 40-F constitute
forward-looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. See Exhibit 99.1 under Preliminary Notes for
more information on forward looking statements.

CERTIFICATIONS AND DISCLOSURE CONTROLS AND PROCEDURES

Certifications.See Exhibits 99.4 to 99.7

Disclosure Controls and Procedures.As of the end
of the period covered by this annual report, the Registrant carried out an
evaluation, under the supervision and with the participation of the Registrants
management, including the Chief Executive Officer (CEO) and Chief Financial
Officer (CFO), of the effectiveness of the Registrants disclosure controls
and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the
United States Securities Exchange Act of 1934 (the Exchange Act)). Based on
that evaluation, the CEO and CFO have concluded that as of such date the
Registrants disclosure controls and procedures are effective to ensure that
information required to be disclosed by the Registrant in reports that it files
or submits under the Exchange Act is (i) recorded, processed, summarized and
reported within the time periods specified in United States Securities and
Exchange Commission (SEC) rules and summarized and reported within the time
periods specified in SEC rules and forms; and (ii) accumulated and communicated
to the Registrants management, including its CEO and CFO, to allow timely
decisions regarding required disclosure.

It should be noted that while the Registrants CEO and CFO
believe that the Registrants disclosure controls and procedures provide a
reasonable level of assurance that they are effective, they do not expect that
the Registrants disclosure controls and procedures or internal control over
financial reporting will prevent all errors and fraud. A control system, no
matter how well conceived or operated, can provide only reasonable, not
absolute, assurance that the objectives of the control system are met.

Changes in Internal Control Over Financial Reporting.During the fiscal year ended June 30, 2006 there were no changes in the
Registrants internal control over financial reporting that have materially
affected, or are reasonably likely to materially affect, the Registrants
internal control over financial reporting.

AUDIT COMMITTEE

The Registrants board of directors has a separately-designated
standing Audit Committee as defined by Section 3(a)(58)(A) of the Exchange Act
for the purpose of overseeing the accounting and financial reporting processes
of the Registrant and audits of the Registrants annual financial statements. As
of the date of this annual report, the members of the Audit Committee are
Messrs. Paul Matysek, James G.G. Watt, and Grayson Hand.

Audit Committee Financial Expert.The
Registrants board of directors has determined that it presently does not have
an audit committee financial expert (as such term is defined in Form 40-F)
serving on its audit committee. The Registrant is in the process of reviewing
the composition of its audit committee, and will in connection therewith appoint
an audit committee financial expert.

CODE OF ETHICS

The Registrant has adopted a written Code of Business Conduct
and Ethics that applies to all directors, officers and employees. The Code of
Business Conduct and Ethics includes, among other things, written standards for
the Registrants principal executive officer, principal financial officer and
principal accounting officer. The Registrant will post the text of the Code of
Business Conduct and Ethics on its website at www.energymetalscorp.com, and
pending such posting, any person may obtain without charge a copy of the Code of
Business Conduct and Ethics by emailing a request to
cthomson@energymetalscorp.com.

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Since the adoption of the Code of Business Conduct and Ethics,
there have not been any amendments to, or waivers, including implicit waivers,
from any provision of the Code of Business Conduct and Ethics.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

Disclosure is contained in Exhibit 99.1 under Directors and
Officers  Audit Committee Information.

OFF-BALANCE SHEET ARRANGEMENTS

During the most recent financial year, the Registrant was not a
party to any off-balance sheet arrangements that have or are reasonably likely
to have a current or future material effect on its financial condition, revenues
or expenses, results of operations, liquidity, capital expenditures or capital
resources, other than the call options referred to under the heading
Managements Discussion and Analysis of Financial Condition and Results of
Operations  Financial Instruments contained in Exhibit 99.3 to this Annual
Report on Form 40-F.

TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS

Contractual obligations as at June 30, 2006 are summarized in
the following table.

|                                      | Payments due by period
|------------------------------------- | ----------------------
|                                      | Total                 
|                                      |                       
|Long term debt obligations            | -                     
|Capital lease obligations             | -                     
|Operating lease obligations           | 390,194               
|Purchase obligations                  | 22,300                
|Other long-term liabilities reflected |                       
|on balance sheet under Cdn.GAAP       | 6,934,266             
|                                      | 7,346,760             

REPORTING CURRENCY AND FINANCIAL INFORMATION

All dollar references in this Annual Information Form are in
Canadian dollars, unless otherwise indicated. References to US$ are to United
States dollars.

Financial information contained in this Annual Information Form
and in our financial disclosure generally is prepared in accordance with
Canadian generally accepted accounting principles. Our consolidated financial
statements for the year ended June 30, 2006 contain an explanation of any
material differences between Canadian and United States generally accepted
accounting principles, as applicable to Energy Metals Corp.

NOTE TO U.S. READERS RESEPCTING RESERVES AND RESOURCES

Resource estimates reported in Exhibit 99.1 are made in
accordance with definitions adopted by the Canadian Institute of Mining,
Metallurgy and Petroleum and incorporated into National Instrument 43-101. See
additional disclosure in Exhibit 99.1 under Preliminary Notes.

UNDERTAKING

The Registrant undertakes to make available, in person or by
telephone, representatives to respond to inquiries made by the Commission staff,
and to furnish promptly, when requested to do so by the Commission staff,
information relating

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to: the securities registered pursuant to Form 40-F; the
securities in relation to which the obligation to file an annual report on Form
40-F arises; or transactions in said securities.

CONSENT TO SERVICE OF PROCESS

Concurrently with the filing of this Form 40-F, the Registrant
is filing an Appointment of Agent for Service of Process and Undertaking on Form
F-X with respect to the class of securities in relation to which the obligation
to file the Form 40-F arises.

Any change to the name or address of the agent for service of
process of the registrant shall be communicated promptly to the SEC by an
amendment to the Form F-X referencing the file number of the relevant
registration statement.

SIGNATURE

Pursuant to the requirements of the Exchange Act, the
Registrant certifies that it meets all of the requirements for filing on Form
40-F and has duly caused this annual report to be signed on its behalf by the
undersigned, thereto duly authorized.

ENERGY METALS CORPORATION

By: /s/Paul MatysekName:
Paul MatysekTitle: President

Date: September 28, 2006

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EXHIBIT INDEX

|Exhibit Number | Document                                                                                                                                  
|-------------- | ------------------------------------------------------------------------------------------------------------------------------------------
|99.1           | Annual
      Information Form dated September 28, 2006                                                                                    
|99.2           | 2006 Consolidated Audited
      Financial Statements                                                                                      
|99.3           | 2006
      Managements Discussion and Analysis                                                                                           
|99.4           | Certification of Chief
      Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities
      Exchange Act of 1934.
|99.5           | Certification
      of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a)
      of the Securities Exchange Act of 1934.
|99.6           | Certification of Chief
      Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                 
|99.7           | Certification
      of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley
      Act of 2002.                           
|99.8           | Consent of Independent
      Accountant                                                                                                   
|99.9           | Consent
      of R. E. Blackstone, Ph.D                                                                                                   
|99.10          | Consent of B. Ainsworth                                                                                                                   
|99.11          | Consent
      of G. Meyers                                                                                                                
|99.12          | Consent of D. Beahm                                                                                                                       

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