Independent Newsletter Advisors Focused on Uranium Sector Recommend Uranium Energy Corp.

Dear Reader,

In December and early January, three significant newsletters specializing in close review and analysis of the uranium sector issued recommendations to their readers about Uranium Energy Corp. 

1)  Last week, Greg McCoach, editor of The U3O8 Investment Report, reiterated his “Buy” signal on the company, with a strong 1-1/2-page write-up.  You may view a copy of that report HERE.

2)  On January 2nd, respected Weiss Research, whose uranium stock analyst is Sean Brodrick, updated its recommendations in the uranium sector. With the title, ‘Is Uranium on Track to $200 per Pound?’, Brodrick built a strong case for select uranium stocks in 2008, stating “…with all those new power plants coming online, the uranium supply-demand squeeze is only going to get worse over the longer term. This tells me that uranium stocks are selling at an incredible discount.”  Brodrick went on to issue a strong buy recommendation on Uranium Energy Corp., summarizing the section as follows, “The company’s total historic resource base is now 39.2 million pounds.  By some valuations, UEC is trading at a big discount to its competition.  I expect more good news from the stock going forward.”  Weiss Research Subscription Information HERE
 

Sean Brodrick of Weiss Research And our readers love Sean! On a recent trip, he identified 7 natural resources stocks that have averaged a staggering 106.9 percent gain in just six months.

Sean has more than 25 years experience as a professional journalist and financial analyst. He was the investment director of the Sovereign Society, the world’s leading publisher of offshore asset protection strategies and global investment opportunities. Sean regularly treks the globe uncovering hidden natural resource gems for our readers. "Most people think I’m crazy to travel a mile under the surface, in 10-degree weather, to check out a uranium mine," Sean says "But I just love this stuff!"

3)  Brien Lundin, editor of the Gold Newsletter, in his December ’07 – January ’08 omnibus issue, issued a buy recommendation on UEC with strong commentary, a copy of which May be viewed HERE. 

Also, you may contact Amir Adnani, president and CEO of UEC, with any questions or comments you may have about the Company at their toll-free number, (866) 748-1030, and visit www.uraniumenergy.com to register and to stay apprised of progress as it occurs.

Gold Newsletter stands as the oldest and most respected precious metals  and mining stock advisory in the world.     For more than three decades, investors seeking to grow and protect their wealth through real assets, with real and growing value, have profited greatly from the recommendations in this remarkable publication.

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Dedicated to helping investors find undervalued mining, precious metals & commodity stocks that have 10x or greater potential for profits. We search for these opportunities as protection against the financial uncertainties that currently engulf the US and world markets.

Greg McCoach - McCoach Research Group "Great periods of danger and crisis are also periods of great opportunity."

About Uranium Energy (AMEX: UEC)

UEC was founded in 2004 and is based in Austin, Texas. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise.

The company has focused its property acquisition program primarily in the southwestern U.S. states of Texas, Wyoming, New Mexico, Arizona, Colorado and Utah.  This region has historically been the most concentrated area for uranium mining in the US.  With the use of historical exploration databases, Uranium Energy has been able to target properties for acquisition that have already been the subject of significant exploration and development by senior energy companies in the past.  Uranium Energy strategy of acquiring exploration databases and leveraging those databases to generate acquisition targets has been effective thus far. 

The company’s focus is its Goliad ISR project located in Texas where permit applications were recently submitted. UEC management estimates the Goliad project will commence commercial operations in 2010. Current non-code compliant resources at Goliad are 5.2 million pounds; however, management believes that the company will be successful in delineating additional resources as indicated by historic exploration.

UEC's inventory of databases is now estimated to contain in excess of 4.6 million feet of drilling data, as well as drill hole location maps, various reserve and resource calculation reports, scoping studies, geological studies, and various other important strategic data.  These databases are each the result of millions of dollars of past exploration expenditure, incurred mostly by senior energy companies.

UEC is a member of

UEC is a member of

The Uranium Market

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Uranium is used primarily as an energy source for nuclear fission reactors - a safe, efficient, and emission-free alternative to fossil fuels. The market cycle for uranium had been largely depressed since 1981, but has recently experienced a sharp increase due to macroeconomic factors. An estimated supply shortfall of 80 million pounds per year, for several coming years, is forecast by measuring current annual reactor demand and current annual mine production. In addition, new nuclear power plants have been commissioned throughout the world; China, India and Russia alone have permitted the construction of over 75 new reactors. In August 2005, President Bush signed into law the Domenici-Barton Energy Policy Act containing an array of provisions that support nuclear power. This enactment, combined with the growing public recognition that nuclear power plants generate electricity with considerably less greenhouse emission than fossil fuels, places Uranium Energy in a favorable position for funding and exploring all aspects of uranium development.

Wellfield Development: An ISR wellfield is established using injection wells and extraction wells in pre-determined patterns and locations that fit the ore configuration. The purpose of these wells is to inject and recover the solution which will dissolve the uranium and extract it for processing. 

The injected/extraction process is designed to minimize the loss of solutions from the system for both environmental and economic reasons. Typically a small volume of solution is continuously removed from the mining area to insure that solutions are well contained within the monitoring system that surrounds the operations. Once an ISR program is developed, the continued build-out of the wellfield system is one of the primary activities. As uranium is produced, the individual well areas are depleted and, after some time, are devoid of economic uranium mineralization.

Solution Injection and Extraction: Once a wellfield has been developed, the water within the orebody is pumped out and oxygenated for alkaline recovery processing, or oxidized and acidified using sulphuric acid to develop the solution that will dissolve uranium for an acid leach. From here forward, the description of the ISR process assumes an alkaline leach. The solution is then injected into the orebody and slowly dissolves the uranium in the ground and puts it into solution. The solution is then pumped out of the ground through the extraction wells and delivered to the ion exchange facility. Monitor wells are developed around the orebody to ensure that the mining process is contained. (This is a critical part of environmental compliance, especially in the U.S.)
 

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From the surface, an ISR field is quite unassuming. If the project is located in a warm climate the wellfields will have pipes lying on the ground connected to well heads and, in colder climates, the pipes are buried and the only sign of activity are the protruding well heads. Ion Exchange: The uranium-bearing solution, or pregnant solution, is piped from the wellfield to an ion exchange facility where the uranium in solution is captured by resin beads. The process is very similar to a water-softening process. Uranium ions are exchanged with either charged sulphate, chloride or bicarbonate ions within the porous resin bead, resulting in a transfer of the uranium ions onto the resin.  Once the pregnant solution is stripped of uranium, it is recycled, reoxygenated and re-injected into the wellfield to once again recover uranium. A more recent trend in U.S. ISR operations is to operate satellite ISR wellfields with a dedicated ion exchange facility. The loaded resin can then be trucked to the “back end” of the mill. This allows for the economic development of smaller wellfields without the requirement to license and build a complete mill. UEC believes this technology is very well suited to the wellfields of Texas which, individually, do not contain many pounds (e.g. 500,000 pounds and greater).

Elution and Precipitation: After the ion exchange process, the uranium-loaded resin is washed with a sodium chloride, bicarbonate-carbonate solution which reverses the ion exchange process. The result of the elution process is a highly concentrated uranium solution. All the uranium contained within several million gallons of wellfield solution can be beneficiated into a much smaller volume (10,000 gallons), which makes it more economical to process and recover. An acid, either hydrochloric or sulfuric acid, is added to this solution, lowering the pH from 9.0 to 2.5 which converts the uranium carbonate ion to a uranium chloride or uranium sulfate ion which can then be easily precipitated into a solid. Hydrogen peroxide is then added to the solution resulting in oxidation and the formation of crystals that can be easily filtered. The brine is then refortified and recycled. From time to time the brine becomes laden with impurities and must be disposed. 

Drying and Packaging: The crystals formed by precipitation are filtered and dried, usually in a state-of-the-art, low temperature, vacuum rotary dryer, and packaged for delivery. 
 

Groundwater Restoration: Once the orebody has been mined out, the water in the aquifer must be returned to a baseline state. Restoration is carried out in one of two ways. The first, and most straightforward method, is to simply let the surrounding groundwater seep into the wellfield area as the solutions are extracted. The second, and more complex method, involves treating the recycled groundwater and reinjecting it into the ground to re-establish the aquifer.  Wellfield Reclamation: Once the wellfields have been restored and released by the responsible regulatory agency, the wells are filled with cement and casing cut three feet below the surface. Soils are checked for contamination and remediated as needed. The ground may also require revegetation.  The environmental requirements will vary by jurisdiction, but generally the U.S. has very strictly enforced regulations compared to other countries in which ISR is used (such as Kazakhstan).

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UEC FIELDS AND PROJECTS

• Texas Continential Oil (now Conoco Phillips) 10/250 
• Texas Mobil Oil (now ExxonMobil) 20/1,000 
• Texas Moore Energy 20/1,000 
• Texas Knupke 40/500 
• Texas Nueces Mineral Co 10/370 
• Wyoming Robert Odell (Rocky Mountain Uranium Scout) 50/500 
• Wyoming NAMMCO (William Kirkwood) 15/500 
• Wyoming Jebsen 20/130 
• Arizona Oklahoma Public Services 10/200 
• 15 States Brenniman 9/7,200 

MAJOR PROJECTS in BRIEF

Goliad Project, Texas

Uranium Energy Corp’s flagship Goliad Project has been the subject of extensive historical exploration and delineation by previous owners. Exploration began in the 1970s. At the time of Uranium Energy Corp’s acquisition, over 550 exploration holes had been drilled, totaling 250,000 feet. Since acquiring the Goliad Project, the Company’s experienced technical staff have drilled over 360 holes and completed extensive sampling, mapping and reporting. These results were used to generate a number of studies for permitting applications, and the Company recently filed a mine permit application for the Goliad Project with the Texas Commission on Environmental Quality. A Canadian National Instrument 43-101 report has been completed and filed on SEDAR for this project.

Cebolleta Project, New Mexico 

Uranium Energy Corp holds a 49% interest in Cibola Resources LLC, the owner of a mining lease covering approximately 6,700 acres in the Cebolleta Land Grant located in Cibola County, New Mexico. The Cebolleta Land Grant lease is located at the eastern end of the Grants Uranium District, and includes within its boundary, the past-producing JJ Number 1/L-Bar uranium mine, formerly operated by the Standard Oil Company of Ohio (SOHIO). The Grants Uranium District was home to the largest producing uranium mines in the US. A Canadian National Instrument 43-101 report has been completed and filed on SEDAR for this project.

New River Project, Arizona 

The Company has a 100% interest in the New River Uranium Project, located in northern Maricopa County, Arizona, on state lands in an historic mining area. Teck Corporation previously conducted exploration and development on the property, which revealed that uranium is disseminated within tuffaceous lakebed sediments typically at depths varying from 150 to 230 feet with occurrences as shallow as 65 feet below the surface. It is anticipated that the project would be amenable to shallow mining methods. The mineralized trends identified by drilling are open-ended.

Burnt Wagon Project, Wyoming

The Company has 5,600 acres of mining leases and claims in the Wind River Basin uranium district of Wyoming. It also has a comprehensive database of uranium exploration originally conducted between 1969 and 1982, which covers this property. The database consists of 500 drill holes, 16,000 feet of drilling data, and geological maps. The Company’s objective is to conduct an exploration drilling program, in order to delineate the shallow mineralization, and to evaluate the project’s ISR potential.

Ambrosia Lake Project, New Mexico

Consists of 8,500 acres and is located within the heart of the Ambrosia Lake Mining District, in the state of New Mexico.  The Company also acquired historic production information covering most of the property.  This property is the site of over 8.5 million pounds of historical underground uranium production, primarily from the Ann Lee and Sandstone Mines, and is contiguous to the current uranium resource holdings of BHP Billiton plc.  The Ambrosia Lake District includes some of the largest past-producing uranium mines in the U.S., operated at the time by Kerr McGee (now Andarko Petroleum), Homestake Mining (now Barrick Gold), Phillips Petroleum (now Conoco Phillips), and United Nuclear Corp.  A substantial amount of production, development and exploration work has been completed on this property by these companies.

Goliad Uranium Project is located in north-central Goliad County, Texas. 

Moore Energy Corp (previous project operator) drilled 479 holes during mid-80’s.

Over 360 confirmation and delineation holes have been drilled by UEC from May 2006 through June 2007 that support the presence of the Moore Energy historic estimate of 5.2 million pounds of U3O8.

Uranium mineralization as currently defined by historic drilling remains open laterally in all directions, providing excellent potential targets for additional drilling and increasing the size of the resource. 

Mineralization is in four sand horizons from depths of 90 to 450 feet.

Average thickness of 14.5 feet and average grade of 0.075%* across all four sand horizons. 

Project is amenable to ISR.

Metallurgical testing has been independently reviewed with recoveries of 86% to 89%.

* Based on a positive chemical/radiometric disequilibrium factor of 1.494.  The disequilibrium factor (DEF) refers to the ratio of the actual grade of uranium in the formation to the grade obtained from gamma ray logging.

2007 Exploration Drilling Program at the Goliad ISR Uranium Project

Recent News From UEC

Press Release Source: Uranium Energy Corp
Thursday December 13, 10:09 am ET

AUSTIN, TEXAS--(MARKET WIRE)--Dec 13, 2007 -- Uranium Energy Corp (AMEX:UEC - News) (Frankfurt:U6Z.F - News) (Berlin:U6Z.BE - News) (the "Company") is pleased to report the closing of its previously announced private placement offering pursuant to which the Company has now issued an aggregate of 1,800,000 units (each a "Unit"), at a subscription price of $3.75 per Unit and for gross proceeds of $6,750,000, with each Unit being comprised of one common share (each a "Unit Share") and one transferable common stock purchase warrant (each a "Warrant") of the Company, and with each Warrant being exercisable for one additional common share of the Company (each a "Warrant Share") at an exercise price of $4.25 per Warrant Share for a period of one year from closing.

The offering was completed through a syndicate of placement agents, with a cash commission of 6% having been paid by the Company to the placement agents at closing. MORE
 

Press Release Source: Uranium Energy Corp
Monday December 10, 9:00 am ET

AUSTIN, TEXAS--(MARKET WIRE)--Dec 10, 2007 -- Uranium Energy Corp (AMEX:UEC - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) announces the completion of the Company's initial exploration of a 100%-controlled lease block in south Texas in an area outside of the historic South Texas Uranium Trend. The exploration program consisted of 21 drill holes totaling 9,230 feet of drilling. Results are shown in the table below. The program was designed to test the presence of mineralized trends in the Carrizo Sand. To date, the Carrizo Sand has received very little exploration, and no commercial uranium deposits have been developed here.

Wold Nuclear explored this area in the late 1970s. Uranium Energy Corp has Wold's exploration records, consisting of reports, maps and drill logs, which identify approximately five miles of mineralized trend, with the potential for stacked or multiple mineralized horizons. This mineralized trend has been leased by the Company. Wold's exploration came during a period of declining uranium prices and the project has not been developed further. Historic core-hole data recorded chemical assays of 9.0' of 0.077% and 5.0' of 0.11% U3O8, with disequilibrium factors (DEF) of 1.93 and 2.03, respectively. This disclosure of historic grades and DEF has not been independently verified. The statement is considered relevant, but cannot be relied upon without verification.  MORE

Press ReleaseWednesday December 5, 9:00 am ET
Source: Uranium Energy Corp

AUSTIN, TEXAS--(MARKET WIRE)--Dec 5, 2007 -- Uranium Energy Corp (AMEX:UEC - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) announces that it has established a strategic land position of approximately 1,800 acres, consisting of 73 lode claims, in the Red Basin Uranium District, located in Catron County, New Mexico. The acquisition of this project, which the Company has named the Red Basin Project, was driven by the Company's evaluation of its Brenniman Database (For more information about this database, please see the Company's news release dated January 9, 2007).

The Red Basin Project covers an area of high-grade uranium mineralization reportedly drilled by Kerr-McGee in the Tertiary de Baca Formation, immediately above the contact with the Cretaceous Mesaverde Group. An internal memo by Kerr-McGee states that mineralization is reported to be at a depth of between 200 and 400 feet. This has not been verified through drilling by the Company. Historic production grades, as reported by the New Mexico Bureau of Mines and Mineral Resources in the Red Basin District averaged 0.17% U3O8. The disclosure related to the historic production grades has not been independently verified. The statement is considered relevant, but cannot be relied upon without verification. MORE
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UEC Management Team

Alan Lindsay, Chairman 
Mr. Lindsay has been involved in public mining and biotechnology companies since the early 1990s and has more than 30 years’ experience in executive management.

Amir Adnani, Chief Executive Officer, President, Director
Mr. Adnani is an entrepreneur with a background in business development and marketing.

Harry Anthony, Chief Operating Officer, Director
Mr. Anthony is a professional engineer with 36 years of experience and is an internationally recognized expert in the uranium industry. Mr. Anthony is one of the pioneers of ISR and has been involved in projects around the world. He was previously an officer with Uranium Resources Inc. for 20 years.

Pat Obara, Secretary, Treasurer and Chief Financial Officer
During the past five years Mr. Obara has worked as a consultant to several private and publicly listed companies providing consulting services in the areas of corporate finance and administration. Prior to April 2004, Mr. Obara served as the Chief Financial Officer and a director of two public companies listed on the TSX Venture Exchange.

Ivan Obolensky, Director
Mr. Obolensky has 40 years’ experience in the investment banking business as a financial analyst, with specific expertise in the defense aerospace, oil and gas, nuclear power, metals and minerals, publishing and high technology industries.

Erik Essiger, Director
Mr. Essiger has 18 years of business experience, providing professional advisory services in the field of mergers & acquisitions to corporate clients in the energy sector, media and telecommunications, as well as business services.

Vincent della Volpe, Director
Mr. della Volpe has served as a professional money manager for 38 years, including senior portfolio manager of pension funds for Honeywell Corporation and senior vice president of the YMCA Retirement Fund in New York with responsibilities for several billion dollars in assets.
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Financial Highlights For UEC

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To Contact Uranium Energy Corp

Uranium Energy Corp
9801 Anderson Mill Road, Suite 230, Austin, TX 78750
Phone: 512-828-6980 - Fax: 512-721-1023

Investor Relations: (866) 748-1030
info@uraniumenergy.com 

Web Site: http://www.uraniumenergy.com

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