Uranium Energy Corp. (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has filed a technical report summary (“TRS”), reporting mineral resources for its Wyoming in-situ recovery (“ISR”) hub-and-spoke project. According to the announcement, the filing, which combines the acquired Uranium One Americas Inc.’s (“U1A”) assets with UEC’s Reno Creek Project, is the largest S-K 1300 uranium resource reported in the United States. The company also noted that its Irigaray Processing Plant is the hub central to seven satellite projects located across the Powder River Basin and Great Divide Basin; four of those projects are fully permitted. The report shows that total measured and indicated resources across the assets are 61,956,200 pounds with 56,858 tons grading 0.069% U3O8; total inferred resources disclosed across the assets are 7,105,700 pounds with 5,613 tons grading 0.064% U308. The company also reported marked potential for resource expansion with more than 100,000 acres and historic resources in Wyoming, which is the most productive ISR uranium mining region in the western hemisphere. “We are very pleased with the conversion of U1A’s historical resources into fully compliant S-K 1300 resources,” said Uranium Energy Corp. president and CEO Amir Adnani in the press release. “The compliant values further validate the company’s U1A acquisition and provides important technical data that we will employ in implementing our Wyoming hub-and-spoke uranium extraction plans. The ~62M pounds of measured and indicated resources and the ~7M pounds of inferred resources outlined in the TRS filing represent the largest S-K 1300 resource summary completed and filed to date. These considerable permitted Wyoming resources, coupled with our Texas permitted projects, positions UEC to lead the resurgence of U.S. uranium production. At a time of unprecedented geopolitical events and risks, fully permitted and low-cost ISR projects in the United States will be critical and should carry a premium moving forward.”
To view the full press release, visit https://ibn.fm/CYt4g
About Uranium Energy Corp.
Uranium Energy is America’s largest, fastest-growing uranium mining company listed on the NYSE American. UEC is a pure-play uranium company and is advancing the next generation of low-cost, environmentally friendly in-situ recovery (“ISR”) mining uranium projects. The company has two production-ready, ISR hub-and-spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational processing capacity at the Hobson and Irigaray plants. UEC also has seven U.S. ISR uranium projects with all major permits in place. Additionally, the company has other diversified holdings of uranium assets, including one of the largest physical uranium portfolios of U.S. warehoused U3O8; a major equity stake in the only royalty company in the sector, Uranium Royalty Corp; and a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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