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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.


NYSEAM:UEC - Post by User

Uranium Energy Corp > Is the Thelon basin dead?
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Post by Edrusty1on Sep 18, 2023 11:30am
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Post# 35641425

Is the Thelon basin dead?

Is the Thelon basin dead?As I understand it the Thelon basin in Nunavut has geology similar to the Athabasca basin. The Kiggavit deposit in the Thelon basin is part owned by UEC (30%?) and operated by Orano. A few years ago Orano (Areva) proposed a $2.1B mine and it was rejected supposedly because no start and end dates were specified. From news reports at the time, there appears to have been strong community opposition to the mine.

I've been looking into Thelon as FMC has a recent strike there. They took over all Cameco's claims when they lapsed. I contacted FMC to see what their strategy was regarding community relations and Rick Mazurka (CEO) got back to me and said (as would be expected) they take community relations seriously and efforts will be ongoing. He also indicated the benefits the community enjoys from the Meadowbank gold mine (Agnico) has had some influence on the community.

With the Orano mine rejected and Cameco pulling out is the area dead for Uranium, or is development an eventuality when the U price is right?
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