InvestorNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Files Technical Report Summary Reporting on Resources for Arizona Project
Jul 13, 2022
Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has filed a technical report summary (“TRS”) that outlines mineral resources for the company’s Anderson project, located in Arizona. The total disclosed indicated resources for the Anderson Project are as follows: 32,055,000 lbs. eU3O8 with 16,175,000 tons grading 0.099% eU3O8. Drill data from 1,175 drill holes was used in the current mineral resource estimate. The company is reporting all mineral resources in accordance with Securities and Exchange Commission regulations; the mineral resource estimates provided in this TRS have not previously been reported under the S-K 1300 format. The largest uranium deposit in Arizona, the Anderson Project ranks among the largest U.S. deposits in states that support uranium mining. The project, which covers 8,268 acres and is comprised of 386 contiguous, unpatented lode mining and placer claims and one Arizona State land section, is located in Yavapai County, about 75 miles northwest of Phoenix. The company plans to mine the project with a combination of open-pit and underground conventional mining. “We are very pleased with this update of the company’s former NI-43 101 resources into fully compliant S-K 1300 resources for our Anderson Project and to see resources move up from the Inferred category to the Indicated category,” said Uranium Energy president and CEO Amir Adnani in the press release. “America’s uranium resources are becoming increasingly important for utility and government buyers looking for reliable supplies from stable U.S. jurisdictions. The Anderson Project is an important asset in UEC’s project pipeline that will be available to supply the longer term needs of utilities and the Federal government seeking U.S. supply assurance.”
To view the full press release, visit https://ibn.fm/eimYG
About Uranium Energy Corp.
Uranium Energy is America’s leading, 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 processing 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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