This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Uranium Energy Corp Reports Independent NI 43-101-Qualified Inferred Resource Of 2.8 Million Pounds U3O8 At The Company's Salvo Project In South Texas

NYSE Amex Equities Exchange Symbol - UEC

CORPUS CHRISTI, TX, April 26 /PRNewswire/ - Uranium Energy Corp (NYSE-AMEX: UEC) (the "Company") is pleased to announce that an updated, independent National Instrument 43-101 ("NI 43-101") Technical Report on the Company's Salvo Project located in Bee County, Texas, is in the process of being completed and reports an Inferred mineral resource of 1.2 million tons grading 0.08 percent U 3O 8 or 2.839 million pounds U 3O 8.

The Salvo Project NI 43-101 Technical Report will be filed shortly on the SEDAR website at, and will be available for viewing on the Company´s website at  The Technical Report is authored by Thomas A. Carothers, P.Geo., a qualified person as defined in NI 43-101, who has over 30 years of uranium experience, substantially in the South Texas uranium trend. 

Amir Adnani, President and CEO, stated, "Management is very pleased with the progress and resource expansion at Salvo.  Phase-two drilling has commenced and will continue through the summer in order to bring much of the resource into the Measured and Indicated categories, and to further expand the resource.  The Company targets Salvo to become its third in-situ recovery satellite project, after Palangana and Goliad, to produce and provide U 3O 8 resins for processing at the Company's nearby Hobson plant."

The Salvo project consists of 4,238 acres of contiguous leases located about ten miles southwest of the town of Beeville, Texas.  The Salvo project is approximately 45 miles from the Company´s Hobson processing facility.

In-situ recovery ("ISR") is potentially the most suitable mining method for this project based on evaluation of grade and depth of the mineralized zones.  A preliminary core leach test indicated that the mineralization is amenable to leaching with an oxygenated agent.  The mineralized horizons are confined by impermeable clay layers above and below the mineralization and are considered to be ideal for the use of ISR methodology.  The deposits are generally not oxidized, and should have good groundwater flow characteristics.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs