| |
 |
URANIUM ENERGY CORP (OTCBB: URME)
|
 |
Dear StockUpTicks Reader:
We are extremely excited about t a recent project acquisition made by Uranium Energy Corp. (OTCBB:URME) that was announced today. This new project increases URME's historic uranium resources by 10 million pounds. The acquisition brings into the company 49% of a past-producing uranium mine with 20 million pounds of historically drill-indicated uranium resources in situ. (See the breaking NEWS below)
CLICK HERE to read our January 9th StockUpTicks Profile on URME
>>>>>
|
*NEWS* From Uranium Energy Corp. |
|
Press Release Source: Uranium Energy Corp
Tuesday May 1, 9:00 am ET
Uranium Energy Corp Enters Into Joint Venture
on the Advanced Cebolleta Uranium Project in New Mexico
Acquisition Brings Into the Company 49% of a Past-Producing Uranium Mine With 20 Million Pounds of Historically Drill-Indicated Uranium Resources In Situ
AUSTIN, TEXAS--(MARKET WIRE)--May 1, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) is pleased to announce that it has acquired 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. Neutron Energy Inc., a private company located in Phoenix, Arizona, owns the other 51% of Cibola Resources LLC and is the operator of the project.
The Cebolleta Land Grant is a private entity managed by a board of trustees whereby the trustees have the authority to approve the use of assets and natural resources within the grant boundary. Historically, the Cebolleta Land Grant has allowed uranium mining and continues to support the development of uranium resources. Under the Treaty of Guadalupe Hidalgo which ended the Mexican-American War, the United States agreed to honor private property within land grants in the territory ceded by Mexico to the U.S.
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). SOHIO's L-Bar uranium milling facilities were also located on the lease, but were decommissioned and reclaimed.
Historic resource estimates published by the New Mexico Bureau of Geology and Mineral Resources, and supported by SOHIO and other previous operator data, indicate that the Cebolleta Land Grant has 20.65 million pounds of uranium remaining in-situ. Mining on this property took place from 1975 until 1981, and produced 1.2 million pounds of uranium at grades of 0.12% before declining uranium prices led to the closure of mining operations.
Paul Pierce, Uranium Energy Corp's Manager of Mine Development, was employed by SOHIO, as mining engineer, during the time of production at JJ Number 1/L-Bar. Mr. Pierce has excellent knowledge of this property. He and Mr. Curtis Sealy both have underground mining experience. These gentlemen were recently added to the Company's Technical Team in the expectation of this acquisition, and will be instrumental in the effort to redevelop this mine.
The joint venture partners will prioritize the development of a National Instrument 43-101 report, in which they aim to verify the historical resource estimates, and which will be followed by an engineering feasibility study on this conventional underground mine.
About Uranium Energy Corp
Uranium Energy Corp (OTC BB:URME.OB - News) is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISR uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. 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. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
About Neutron Energy Inc.
Neutron Energy Inc. is an advanced uranium exploration and development company with five development properties comprised of 39,500 acres in New Mexico, Wyoming and South Dakota. In addition, Neutron has in excess of 240,000 acres of exploration properties in Arizona, Wyoming, Utah and South Dakota. Neutron is recognized as having assembled one of the strongest management and technical teams of its peers in the western United States uranium sector. Neutron's staff has been involved in the discovery, permitting and development of several uranium, gold and coal mines in the western United States and overseas which have a collective gross mineral value of more than $5 billion.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
>>>
|
About Uranium Energy Corp. |
|
Uranium Energy Corp., "URME" is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. URME is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009.
URME controls one of the largest historical uranium exploration and development databases in the U.S. Through the use of these databases, URME has acquired advanced uranium properties throughout the southwestern U.S. including 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, URME 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.
The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives URME the ongoing uranium mine-finding and uranium mine development expertise.
Nuclear energy to see rebirth in North America as concerns over greenhouse gases
grow, finds new CIBC World Markets report
Uranium prices to hit US$160 per pound by end of 2008
TORONTO, April 17 /CNW/ - CIBC (CM: TSX; NYSE) - Concerns over greenhouse gas emissions from coal-fired electricity plants will see a rebirth of nuclear energy in North America and continue to drive the price of uranium to record highs, finds a new report by CIBC World Markets. CIBC World Markets' April Monthly Indicators report notes that environmental opposition has already forced TXU, the largest utility in Texas, to scrap some 6,000 megawatts of planned new coal-fired capacity in favour of building as many as five new nuclear facilities. Aside from refurbished plants in Ontario, they will be the first new nuclear stations started in North America in over 25 years.
"If you can't get coal-fired generating capacity licensed in Texas these days, where can you get coal plants built?" notes Jeff Rubin, Chief Economist and Chief Strategist at CIBC World Markets. "Coal-fired utilities find themselves the primary target of a tidal wave of greenhouse gas (GHG) legislation that is sweeping across state legislatures. Weaning American power consumers off cheap and abundant domestic coal supply is rapidly shaping up to be the frontline battleground of the carbon wars in North America."
The report notes that nuclear power accounts for only 16 per cent of global power generation today but that it has a huge upside in a carbon-constrained world. Unlike other green power alternatives like wind and solar, nuclear facilities provide efficient and reliable base load power at an increasingly competitive price to coal once the costs of carbon emission are factored in.
While only in the initial stages of rebirth in North America, nuclear power is already riding an expansionary wave from explosive power demand growth in Asia where 21 new reactors will come into service by the end of the decade and twice that many slated for operation by the end of the next decade. With this rapid growth, Mr. Rubin states that finding enough uranium to power all those reactors is already becoming an issue. "Prices have more than doubled over the last six months and with utilities still needing to contract roughly a third of their uranium fuel requirements over the next five years, more and more are scrambling to lock in supplies." As a result, he predicts uranium oxide prices will hit US$140 per pound this year and US$160 per pound by late 2008 - more than triple the price of uranium last fall.
The report also notes that uranium mines will only be able to supply little more than 60 per cent of global demand until at least the end of the decade, and possibly longer depending on when new production begins at the Cigar Lake mine in Saskatchewan and the Olympic Dam mine in Australia.
Secondary supply sources, such as inventories held by utilities, mines, other fuel cycle companies and governments; reprocessed reactor fuels; diluted enriched materials from military programs; and the contents of depleted uranium stockpiles, will have to supply the balance. The report notes that secondary sources have played an important role in recent years, supplying as much as half of the fuel needs of U.S. reactors. However, these sources are ultimately finite and likely to decline, potentially quite rapidly, in coming years.
The full CIBC World Markets Monthly Indicators report is available at http://research.cibcwm.com/economic_public/download/miapr07.pdf
CIBC World Markets is the wholesale and corporate banking arm of CIBC, providing a range of integrated credit and capital markets products, investment banking, and merchant banking to clients in key financial markets in North America and around the world. We provide innovative capital solutions and advisory expertise across a wide range of industries as well as top-ranked research for our corporate, government and institutional clients.
For further information: Jeff Rubin, Chief Economist and Chief Strategist, Managing Director, CIBC World Markets at (416) 594-7357, jeff.rubin@cibc.ca or Kevin Dove, Communications and Public Affairs at (416) 980-8835, kevin.dove@cibc.ca |
Uranium Spot Price: US $113.00/lbs U308 as of April 06, 2007 (TradeTech Uranium.info)
To date, URME has successfully acquired property containing 14.1 million pounds of historic uranium resources, with potential targets of 30.5 million pounds in additional resources being identified by the URME databases.
URME's foundation project, located in Goliad County, Texas, has 5.2 million pounds of historic, uranium resources with potential targets of 10 million pounds in additional resources. Development drilling and ISL mine permitting are ongoing with a view to commencing ISL uranium production in 2009.
>>>>>>>>>>>>>
|
The Uranium Market and URME |
|
America: The Next Uranium Giant
The United States has 104 operating nuclear reactors generating more than 100 million megawatts of electricity each year, or approx. 20% of the country’s energy supply. These plants are using approximately 55 million pounds of U3O8 annually to produce this energy. The U.S. is by far the largest user of uranium in the world.
|
ABOUT URANIUM
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 the United States, uranium exploration has become a national initiative. 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 URME in a favorable position for funding and exploring all aspects of uranium development. |
URME's Place in the Industry
As in all mining of metals, there are stages of getting the ore out of the ground. Comparing all the 'players' in the uranium mining business, some are huge companies in full production (generally mining for Gold and Silver as well). The more medium sized companies are generally operating, but usually for less than a year and are considered in a start-up phase of mining. Most of the smaller companies are PLANNING TO DEVELOP OR DEVELOPING their uranium mining operations and this is the category that URME falls into.
But there is a very significant difference...
Peer competitors of URME include Uranerz Energy, UR-Energy, and Energy Metals. Not surprisingly, as with many SmallCap companies, the difference comes down to people and expertise. URME has the most complete and experienced management and technical team when comes to building and operating ISL uranium mines in the U.S. and globally. Add that to the fact that URME currently has the lowest market valuation compared to its immediate peers and its potential as a company and as a stock becomes quite clear.
INVESTMENT CONSIDERATIONS
- Public for less than a year, URME holds major industry trump card: Management includes the ISL experts who earlier built 80% of all current U.S. uranium production facilities now in operation!
- URME is now drilling with four rigs to confirm and expand current 5.2 mm lb historic uranium resource at Goliad, a turn-key project in south Texas. Scoping study for early production commences in two months.
- With 15 properties in six states, controlling 13.4 mm lbs. historic resource – and with significant exploration databases from seven earlier U3O8 explorers/producers – URME is rapidly expanding its resources so production can ramp up quickly.
- The industry was last vital in the mid-70s to early-80s – 20 to 30 years ago. This fact directly highlights a major strategic advantage held by Uranium Energy Corp. This company has successfully brought on seven such professionals, headed by two of the biggest hitters in the North American uranium mining industry: Harry Anthony and Doug Norris. In terms of in-situ leaching, or ISL uranium production, there is no stronger engineering team.
aaa
|
Recent News From URME |
|
Press Release Source: Uranium Energy Corp
Tuesday April 10, 9:00 am ET
Uranium Energy Corp to Acquire Additional Past-Producing Uranium
and Vanadium Mines on the Colorado Plateau
Acquisition Expands Company's Holdings Contiguous To US Department of Energy Uranium Reserve
AUSTIN, TEXAS--(MARKET WIRE)--Apr 10, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) announces that it has entered into an agreement to acquire approximately 5,000 acres in the Uravan Mineral Belt of the Colorado Plateau, in the states of Colorado and Utah. This acquisition compliments the Company's existing properties in this significant uranium- and vanadium-producing region.
The Uravan Mineral Belt is the oldest uranium mining area in the United States. This geological trend arcs across the west central Colorado counties of Mesa, Montrose and San Miguel, and into northeastern Utah. Both uranium ores averaging 0.25% and vanadium ores averaging 1.7% are produced in the region from sandstone deposits, primarily in the Salt Wash Member of the Morrison Formation.
This property was the subject of significant uranium exploration, and includes the sites of several past-producing uranium and vanadium mines. Some of the formerly-producing uranium mines within the property boundary include the Sandy, Babe Ruth, Bald Eagle, Fawn Springs #5, and Teapot Dome mines. The aggregate production from these mines was over 400,000 pounds of uranium, and nearly 2.4 million pounds of vanadium. Grades of production in each case were close to the average for the mineral belt.
The sites of the historical production are in close proximity to Uranium Energy Corp's existing properties, which are also the sites of historically-producing mines, and share mineral trends with those former mines. For example, the Babe Ruth Mine is 4 miles east of the Company's Raven Mine Project in Colorado. One area of the property is also contiguous to Cotter Corporation's large open pit and decline located on the US Department of Energy Uranium Reserve.
A preliminary geological field assessment of all the properties was conducted last week by Company geologists, and was positive. The potential for development of uranium and vanadium resources has been indicated. Based on the assessment, certain areas have been given exploration priority. The Company is also pursuing the acquisition of additional uranium production and exploration data covering the property, with data for certain target areas being prioritized. It is anticipated that the historic uranium resource estimates will be available upon closing, which is expected to occur within 30 days. Drill permitting will be initiated immediately following the closing, with a view to carrying out delineation and step-out drilling.
You May View The Entire Release HERE
Press Release Source: Uranium Energy Corp
Tuesday April 3, 9:00 am ET
Uranium Energy Corp to Acquire Past-Producing Ann Lee and
Sandstone Uranium Mines in New Mexico
New Acquisition to Yield Significant Historical Uranium Resources, and Prior Mining and Exploration Data
AUSTIN, TEXAS--(MARKET WIRE)--Apr 3, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) has entered into an agreement with Spider Rock Mining, a private company, to acquire 8,500 acres under the administration of the U.S. Bureau of Land Management within the heart of the Ambrosia Lake Mining District, in the state of New Mexico. As part of the agreement, the Company will also acquire historic production information covering most of the property. The agreement is subject to a 30-day due diligence period.
The acquisition 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. 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.
You May View The Entire Release HERE
|
Financial Highlights For Uranium Energy Corp. |
|
To view the latest investor presentation in PDF format: Click Here
State of Inc.: NV
Fiscal Year End: 12/31
Recent Trade: $6.44 (5/01/07)
Avg Vol:411,818 (50-day)
Market Cap: $228 M
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Uranium Energy is a fully reporting company.
To view the Company's filings on SEC web site, Click Here
 
a
|
TO CONTACT URANIUM ENERGY |
|
Uranium Energy
Tel: (512) 828-6980 - Fax: (512) 233-2531
9801 Anderson Mill Road, Suite 230, Austin TX 78750
Investor Relations
Tel: (604) 682-9775 - Fax: (604) 682-3591
Email: info@uraniumenergy.com
Website: http://www.uraniumenergy.com
*** The Bull is Running. ***
There may never be a better time to feature YOUR company
to over 1 MILLION investors.
To learn more about our programs email us directly at info@stockupticks.com
Stockupticks Safe Harbor Statement: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP). MP provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. MP has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources believed by MP to be reliable, but MP provides no assurance, and none is given, as to the accuracy and completeness of this information.
Disclaimer: StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP). The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. MP has been paid twenty four thousand dollars by Uranium Energy for preparation and distribution of this report and other advertising services over a ninety day period. This constitutes a conflict of interest as to MP’s ability to remain objective in its communication regarding the subject company. Write or call MP for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 - Market Pathways 17595 Harvard Ave., Suite C519 Irvine, CA 92614. MP is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. MP and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned. Information contained herein may not be reproduced in whole or in part without the express written consent of Market Pathways Financial Relations Incorporated. |
|
