Uranium Energy (NYSE American: UEC), the fastest growing supplier of the fuel for the green energy transition, today announced new uranium mineralization in drill hole CB-178-1 that grades 5.42% eU3O8 over 15.6 metres, including a subinterval that grades 23.2% eU3O8 over 3.4 metres. According to the update, the result expands the footprint of high-grade uranium mineralization at the Christie Lake Project. “Following our acquisition of UEX in 2022, we commenced a drilling program at the Christie Lake Project and reported one of the best intercepts of the year in Canada’s high-grade Athabasca Basin with our discovery at the Sakura zone, with 68.7% eU3O8 over 2.1 meters,” said UEC CEO and President Amir Adnani. “We hit the ground running in 2023 to follow-up and test the continuity at this new zone and are excited to see the first drill hole of our new program expand the footprint of the high-grade mineralization. The results announced today also demonstrate the capability of our Canadian technical team to unlock value from UEC’s Canadian conventional project pipeline.”
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About Uranium Energy Corp.
Uranium Energy is the fastest growing supplier of the fuel for the 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. These two production platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place. Additionally, the company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of North American warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere 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 UEC, 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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