URANIUM ENERGY CORP (OTCBB: URME)

Dear StockUpTicks Reader:

After a significant quiet period and retreat in the company's stock price, we're pleased to be able to reintroduce one of our top performing equities in StockUpTicks.com’s seven year history.

With the uranium spot price ($135+) in the stratosphere and the company's shares drastically reduced during the quiet period in which they published little-to-no news, Uranium Energy Corp (OCTBB:URME) again proves to be an intriguing study in one of the hottest, if not the hottest, sectors of the market.

And if you're wondering why URME retreated in price during the quiet period, two analysts have offered their measured thoughts on this subject, indicating an opportunity may be afoot. With URME having reached $7.39 not so long ago and hovering near $4.00 now, these two articles may well be worth reading.

*NEWS* From Uranium Energy Corp.

Recent news releases from Uranium Energy Corp (OTCBB:URME) seems to indicate that the company is intent on adding to a uranium team considered by some to be the preeminent assemblage of uranium minds in the sector,'' stated SmallCap Sentinel analyst D.R. Clark. “In a geological field where credibility is imperative and leadership essential, URME appears to be as focused on the minds above the ground as the ore below it.”

“Just yesterday, URME announced the appointment of Joshua Leftwich as Environmental Manager. Leftwich will be responsible for all permitting activities at the Company's 100% owned Goliad Project in South Texas, where production is forecast to begin by the third quarter of 2009,” Clark added. “URME’s team now includes experts that were integral to the environmental, permitting, and engineering of the recently opened Alta Mesa ISR Uranium Mine in Texas.”

Press Release Source: Uranium Energy Corp
Tuesday June 12, 9:00 am ET

AUSTIN, TEXAS--(MARKET WIRE)--Jun 12, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) announces the appointment of Joshua Leftwich as Environmental Manager. Mr. Leftwich will be responsible for all permitting activities at the Company's 100% owned Goliad Project in South Texas, where production is forecast to begin by the third quarter of 2009. Mr. Leftwich joins the Company's technical team that is already pre-eminent in the uranium mining and exploration sector.

Joshua Leftwich received his BSc in Renewable Resources from the Texas A&M University, as well as his certifications in numerous safety and safety training courses. His practical experience includes comprehensive management of the environmental components of dozens of large engineering projects.

Most recently, Mr. Leftwich was the Manager of Environmental Health and Safety for Mestena Uranium LLC, at their Alta Mesa ISR uranium mine, which began production in 2006, and which is located less than 150 miles from the Company's Goliad Project. At Alta Mesa, he managed all aspects of environmental, health, safety, radiation safety, training and compliance, throughout the mine's design, construction, commissioning and operational phases. He was responsible for the mine's simultaneous compliance with 3 state and 3 federal regulatory agencies; he was Mestena Uranium's chief liaison with these bodies, and was in daily communication with them. These same agencies are regulating the Goliad Project's exploration and development activities at present. Mr. Leftwich's experience at Alta Mesa will be directly transferable to Uranium Energy Corp.

The Company also announces that Mr. Doug Norris has been promoted to Vice President of Engineering, from Engineering Manager. Mr. Norris is a professional engineer with twenty years experience designing and constructing uranium mining facilities. Having held senior engineering, as well as operational positions for uranium producers Rio Algom (now BHP Billiton) and Power Resources (now Cameco), Mr. Norris has been responsible for all phases of mine development, from the grass roots, through to operations management.

Mr. Norris was integral to the development of US uranium mines, Smith Ranch, Alta Mesa and the Highland, all ISR mines. Doug Norris is a Registered Professional Engineer, chartered in the state of Oklahoma. He received his BSc in Chemical Engineering from Louisiana State University. Mr. Norris has also been ISO certified to prepare health and safety risk analyses and mitigation techniques during the plant design, construction and operational phases.

You May View The Entire Release HERE
 

Click here to listen to Uranium Energy Corp’s  presentation at the Wall Street Analyst Forum  in New York on February 14, 2007

CEO Interview: Uranium Energy Corp. Feb. 14, 2007 Amir Adnani, CEO of Uranium Energy Corp., offers an outlook  for his company, as well as nuclear energy in the U.S. To Watch this Fascinating Interview, CLICK HERE

About Uranium Energy Corp.

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. 
 

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.
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The Uranium Market and URME

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.

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.

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.

• 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.

Recent News From URME

Press Release Source: Uranium Energy Corp
Tuesday April 10, 9:00 am ET

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

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.

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