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URANIUM
ENERGY CORP (AMEX: UEC)
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Dear Reader,
Uranium Energy Corp. (AMEX:UEC) continues to turn analyst heads
with three major endorsements in recent months. First RBC
Capital Markets recommended Uranium Energy Corp. with a target
price of US$4.50 a share. Last week, Greg McCoach, the editor of The U3O8 Investment Report, recommended
UEC. (see link below). And most recently Jay Taylor of J.
Taylor's Gold & Technology Newsletter recommended UEC.
"UEC remains one of our favorite uranium stocks
and given our very bullish view on uranium,
we consider UEC to be one of our top uranium
picks, especially at its current price."
As a benefit to StockUpTicks readers, you may view the entire report free of charge HERE
View Subscriber Information HERE
Uranium & Other Energy Stocks
Are In A Raging Bull Market
Jay Taylor is known as a gold bug. But two books he read, combined with
current events, have convinced him that companies producing energy in one
form or another and companies using new technologies to exploit renewable
sources of energy are an absolutely vital component of successful investing
in 2006.
The first book is Confessions of an Economic Hit Man, by John Perkins.
This book describes how the real geopolitical world works with the U.S.,
clandestinely infiltrating and impoverishing countries rich in energy and
other natural resources so the U.S. can demand cheap sources of those resources
as payment for massive indebtedness. Jay believes the attack on the U.S.
in 2001 was in part caused by U.S. exploitation of foreign interests, and
that as the U.S. continues to impose its will on the Muslim world, there
will be increased disruptions to normal supplies of global transportation
of oil.
The second book read by Jay that convinced him investing in energy is
vital is Twilight in the Desert, by Matthew R. Simmons. This book explains
that even in the absence of political turmoil, there is a rapid decline
occurring in the ability of the world's major oil fields to maintain production
on a level necessary to supply the skyrocketing growth in demand for oil
by developing regions of the world.
Read this entire article on the
Uranium Market HERE
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Other Recent UEC Coverage |
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Greg McCoach, the editor
of The U3O8 Investment Report, also
recommended UEC.
Here is a direct LINK to Mr. McCoach's research report.
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.
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Greg McCoach - McCoach
Research Group
"Great periods of danger and
crisis are also periods of great opportunity." |
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About Uranium Energy |
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Uranium Energy Corp ("UEC" "Uranium Energy") is a US-based junior resource company with the objective of becoming a
near-term In-situ recovery (ISR) mining and uranium producer in the United
States.
Uranium Energy controls one of the largest
historical uranium exploration and development databases in the US.
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.
UEC is well positioned to capitalize on
the world’s first significant alternative energy boom.
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.
The U.S. is the largest consumer
of uranium in the world
The U.S. nuclear power industry
consumes 28 percent of the annual global supply
The U. S. government has passed
legislation making nuclear energy a national priority
The U.S. annual consumption
of uranium is 55 million lbs while production from U.S. mines in 2006 was
4 million lbs
Developing Alternative Energy for America
UEC is a member of
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UEC is a member of
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UEC FIELDS AND PROJECTS |
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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.
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2007 Exploration Drilling Program
at the Goliad ISR Uranium Project
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Recent News for UEC |
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Press
Release Source: Uranium Energy Corp
Thursday
December 13, 10:09 am ET
Uranium Energy
Corp Announces Closing of Private Placement Offering
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.
The
Unit Shares, the Warrants and the Warrant Shares have not been registered
under the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements.
The
net proceeds of the offering will be used to advance the Company's Goliad
project, for other exploration and development activities, for land and
project acquisitions and for general corporate purposes. MORE
Press
Release Source: Uranium Energy Corp
Monday
December 10, 9:00 am ET
Uranium Energy
Corp Announces New Uranium Discovery in Texas
Company Geologists
Believe Discovery May Constitute a New Uranium District in Texas
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.
The
lower Tertiary-age Carrizo Sand underlies the middle to upper Tertiary-age
Jackson, Catahoula, Oakville and Goliad formations (in ascending order)
that host the majority of the historic uranium deposits of the South Texas
Uranium Trend. The Carrizo Sand outcrops approximately 60-80 miles west-northwest
of the established trend. The thickness of the Carrizo was found to vary
from 70 to approximately 140 feet thick, consisting of fine to very fine-grained,
well-sorted sandstone, possessing a very high quartz content, and occurring
below the groundwater table. Geochemically, the sands were found to be
pervasively precipitated, with surface oxidation penetrating 30 to 50 feet
below ground surface. MORE
Press
Release Source: Uranium Energy Corp
Wednesday
December 5, 9:00 am ET
Uranium Energy
Corp Establishes Land Position in Historic
Red Basin
Uranium District in New Mexico
The Red Basin
Project is the Location of Historic Kerr-McGee High-Grade Uranium Discovery
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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Financial Highlights For UEC |
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RBC ISSUES A REPORT ON UEC
RBC Dominion Securities Inc.
Adam Schatzker (Analyst)
Jamie Riff (Associate)
October 23, 2007
State location: TX | State of Inc.: NV | Fiscal Year End:
07/31
SIC: 1090 - Miscellaneous Metal Ores - Sector: Basic
Materials - Industry: Industrial Metals & Minerals
Recent Trade: 3.14 (12/19/07)
52wk Range: 2.90 - 7.39 - Avg Vol (3m):
118,625
Approximate Market Cap: 118.10M
UEC is a fully reporting company. To view the UEC filings on the
SEC web site, Click
here
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To Contact Uranium Energy Corp |
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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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