Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has filed a Technical Report Summary (“TRS”) disclosing updated mineral resources for its Wyoming In-Situ Recovery (“ISR”) hub-and-spoke project. According to the announcement, the filing, which combines the company’s recently acquired Uranium One Americas Inc., Anfield Energy assets and Reno Creek Project, is the largest S-K 1300 uranium resources reported in the United States. The filing disclosed total measured and indicated resources across the assets of 66,198,200 pounds with 58,460,000 tons grading 0.069% U3O8 and total inferred resources across the assets of 15,053,700 pounds with 10,859,000 tons grading 0.064% U3O8. The company also reported that its Irigaray processing plant is the hub central to 11 ISR projects located throughout the Powder River Basin and Great Divide Basin (“GDB”), four of which are fully permitted, including Reno Creek. Combined with its South Texas hub-and-spoke ISR Platform, UEC currently controls more than 75 million pounds of measured and indicated resources and 25 million pounds of inferred resource. “UEC’s Wyoming hub-and-spoke platform holds the largest resource base of fully permitted in-situ recovery projects in the United States,” said Uranium Energy president and CEO Amir Adnani in the press release. “Today’s resource report is the culmination of multiple acquisitions we’ve successfully completed since 2017 to fulfill a strategic objective of U.S. uranium leadership. . . . 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 to reducing dependency on Russia while strengthening national and energy security interests of America.”
To view the full press release, visit https://ibn.fm/NjCUJ
About Uranium Energy Corp.
Uranium Energy Corp is the fastest-growing supplier of the fuel required for green energy transition to a low carbon future. UEC is the largest, diversified North American-focused uranium company, advancing the next generation of low-cost, environmentally friendly in-situ recovery (“ISR”) mining uranium projects in the United States and high-grade conventional projects in Canada. The company has two production-ready ISR hub-and-spoke platforms in south Texas and Wyoming, anchored by fully licensed and operational central processing plants. UEC also has seven U.S. ISR uranium projects with all major permits in place. Additionally, UEC has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a pipeline of resource-stage uranium projects. The company’s operations are managed by professionals with 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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