Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has filed a Technical Report Summary (“TRS”) outlining updated mineral resources for its wholly owned Roughrider Project. The project is a conventional uranium project located in the eastern Athabasca Basin of northern Saskatchewan, Canada, recognized as one of the world’s premier uranium mining jurisdictions. According to the report, the total Roughrider Project resources are 27.8 million pounds U3O8 in 389,000 tonnes grading 3.25% U3O8 in the indicated category and 36.0 million pounds U3O8 in 359,000 tonnes grading 4.55% U3O8 in the inferred category. The company noted that it had partnered with SRK Consulting to prepare the TRS resource report. UEC also reported that it anticipates next steps regarding the project will be to commission an initial assessment economic study and complete further delineation drilling to upgrade the current inferred resources to indicated. “Our vision is to develop UEC as the leading Western supplier of secure, 100% unhedged uranium, combining a platform of U.S. and Canadian assets,” said Uranium Energy CEO and president Amir Adnani in the press release. “The new Roughrider resource is an exciting catalyst for UEC in Eastern Athabasca and anchors our Canadian high-grade conventional pipeline. From here, we’re gearing-up to 1) complete an Initial Assessment economic study at Roughrider and 2) conduct additional drilling to enhance and grow this latest resource. Our future development plans will substantially benefit from the tier one ESG, geotechnical and permitting work completed by Rio Tinto to advance the Roughrider Project towards production.”
To view the full press release, visit https://ibn.fm/aU8PA
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. 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, UEC 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 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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