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URANIUM ENERGY CORP. (OTCBB: URME)
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Dear StockUpTicks Reader:
Recent activity in uranium stocks has fostered thoughtful commentary from some of the leading minds in the sector, giving investors insight into what can be a mercurial uranium market. It is interesting to note that despite the retreat in the share price of many uranium issues in July and the first half of August that the spot price remains at stellar levels. This contradiction may invite entry from opportunistic uranium investors who see the pullback as a temporary discount.
Two esteemed uranium pundits have offered their thoughts as to Uranium Energy Corp. (OTC BB:URME) of late. In a special alert on July 25 from 'Casey Energy Confidential,' the author stated, 'We have been watching Uranium Energy Corp. for a long time, patiently waiting on the sidelines for the right time to jump into this stock...we expect URME will reach several critical milestones...each of which has the potential to send URME on a rebound toward its previous high of $9.00.
Additionally, fellow uranium spectator Jay Taylor of 'Jay Taylor's Gold & Technology Stocks' notes that, 'With a recent sharp correction in uranium stocks having brought the (URME) share price into a low range, we invite (readers) to get to know this company better,' and that, 'If you already own shares this might be a good time to get reacquainted in light of these developments.'
And please take a moment to review the latest NEWS from URME (below)
CLICK HERE to read our January 9th StockUpTicks Profile on URME
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Latest *NEWS* From URME |
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Press Release Source: Uranium Energy Corp
Wednesday August 15, 9:00 am ET
Uranium Energy Corp Expands Property Portfolio in New Mexico and Enters Into Strategic Alliance With Uranium Industry Specialists
New Acquisition Borders Strathmore Minerals' Roca Honda Uranium Project, and is on Trend with Rio Grande Resources' Mt. Taylor Uranium Deposit
AUSTIN, TEXAS--(MARKET WIRE)--Aug 15, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) announces the acquisition of the San Mateo Mesa Project, consisting of 1,400 acres located in McKinley County, New Mexico. The property was acquired from Sedi-Met Inc., a private company controlled by Gene Saucier and David Wentworth, who were formerly geologists for Conoco. Messrs. Saucier and Wentworth are highly respected in the uranium sector, and have agreed to enter into an alliance with Uranium Energy Corp, with a view to developing this project. These gentlemen are intimately familiar with the geology in this area.
The San Mateo Mesa Project is north of Strathmore Minerals' Roca Honda uranium project, and is on trend and in the same horizon with Rio Grande Resources' Mt. Taylor uranium project. In a Technical Report for the Roca Honda project, dated March 31st, 2006, and titled "Technical Report on the Roca Honda Uranium Property, McKinley County, New Mexico", Strathmore reports resources of 3,782,000 tons of uranium at an average grade of 0.23% (17,512,000 pounds, measured and indicated) and 4,546,000 tons of uranium at an average grade of 0.17% (15,832,000 pounds inferred). Rio Grande Resources reports on its corporate website (www.ga.com/riogrande.php) that Mt. Taylor project, a conventional underground mine contains the largest uranium resource in the United States and is currently on standby. The disclosure related to the Mt. Taylor deposit has not been independently verified. The statement is considered relevant, but cannot be relied upon without verification. The company is not treating this as a current NI43-101 compliant disclosure.
Uranium Energy Corp possesses historical drilling results completed by Conoco in 1972 that identified uranium mineralization in five out of fourteen test holes at an average depth of 2,500 feet immediately to the south of the San Mateo Mesa Project. The mineralized intercepts range from 6 feet of 0.06% uranium to 10 feet of 0.30% uranium, with the highest intercept occurring approximately 1/4 mile south of the San Mateo Mesa project boundary. This mineralization trend is expected to project onto the San Mateo Mesa property based on subsurface mapping. Furthermore, a number of northeast trending faults intersect a Westwater Canyon sandstone "thick" on the project and are expected to preserve projected primary mineralized trends as well as act to control the localization of any redistributed mineralization. The Westwater Canyon member of the Morrison Formation is the primary host unit for uranium mineralization in the Grants uranium district, including the Roca Honda and Mt. Taylor projects.
The terms of the acquisition require Uranium Energy Corp to conduct a certain amount of drilling on the property by the three-year anniversary of the agreement. Uranium Energy Corp and Sedi-Met are excited to work together in the exploration of the San Mateo Mesa Project. Both parties view this as an opportunity to explore one of the last areas in the Grants Mineral Belt where the objective of a multi-million pound uranium deposit is reasonable based on the geologic trends which are important in this district and the proximity to both the Mt. Taylor and Roca Honda projects.
Uranium Energy Corp is in the process of permitting a total of 10 exploration holes with the US Forest Service and State of New Mexico on their San Mateo Mesa project. Currently, the archeological survey is being performed. The exploration permit will be submitted in late August 2007, and it is anticipated that the agency review will take two to three months. Therefore, the Company estimates that a drilling program can start in early 2008.
Clyde L. Yancey, P.Geo., Vice President Exploration of Uranium Energy Corp, and a qualified person as defined by National Instrument 43-101, has reviewed this news release and is responsible for its content.
You May View the Entire News Release HERE
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About Uranium Energy Corp. |
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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.
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The Uranium Market and URME |
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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.
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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.
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Recent News From URME |
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News Release Source: SmallCap Sentinel
Thursday July 12, 1:46 pm ET
SmallCap Sentinel: Cameco Delays and Near-Term Producers
IRVINE, Calif., July 12, 2007 -- "It looks like the famed and flooded Cigar Lake mine is going to take longer than expected to repair," stated SmallCap Sentinel analyst D.R. Clark. "A Globe & Mail report this morning confirms as much, stating that Cameco's mine situated in one of the world's richest uranium deposits will likely be non-operational until at least 2011, a year later than the previously reported 2010 date."
"Clearly, this is inviting to near-term uranium producers from a simple supply and demand perspective," Clark added. "Hypothetically, it would be like saying that Microsoft will delay the entry of its own iPhone competitor a year longer than anticipated, giving Apple Inc. another year of market share."
The informational report "Uranium for the SmallCap Investor" has been made available at http://www.SmallCapSentinel.com and will address the rise of interest in uranium related equities such as the aforementioned including Uranium Energy Corp (OTC BB:URME.OB - News), Uranerz Energy Corp. (AMEX:URZ - News), and Uranium Resources (NasdaqGM:URRE - News).
Uranium Energy Corp 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. More information is available at http://www.uraniumenergy.com.
You May View The Entire Release HERE
Press Release Source: Uranium Energy Corp
Tuesday June 12, 9:00 am ET
Uranium Energy Corp Appoints Joshua Leftwich as Environmental Manager
and Doug Norris as Vice President of Engineering
The Company'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
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
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Financial Highlights For Uranium Energy Corp. |
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To view the latest investor presentation in PDF format: Click Here
State of Inc.: NV
Fiscal Year End: 12/31
Recent Trade: $3.47 (8/15/07)
Avg Vol: 219,677 (90-day)
Market Cap: $130.5 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

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TO CONTACT URANIUM ENERGY CORP. |
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Uranium Energy Corp.
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
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