Uranium Energy Corp UEC

Energy

Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects. Additionally, it has diversified uranium holdings, including uranium portfolios of North American warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. The Texas Hub and Spoke Project includes Hobson Central Processing Plant (CPP), Burke Hollow, Goliad, Palangana, and Salvo. The Wyoming Asset Hub and Spoke In-Situ Recovery Project includes Christensen Ranch and Irigaray (Willow Creek), Moore Ranch, Ludeman, Allemand-Ross, and others. It also owns projects, including Henday Lake, Carswell, and Milliken.

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Uranium Energy Corp

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Comment by chinagason Oct 22, 2010 2:17pm

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Post# 17599680

RE: RE: Uranium Energy Corp. (UEC) to Raise $27.5

There's no acquisition in UEC's future. The funds will be used to accelerate production at Goliad and to acquire more uranium leases. Two years ago, uranium leases in South Texas were going for $300/acre; they're now going for $50/acre. The company is anticipating a run up in uranium prices - which will lead to higher expectations by landowners. Investors should note that UEC has extra processing capability at the Hobson facility.

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