InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Releases Technical Summary Report for Saskatchewan-Based Shea Creek Project
January 12, 2023

InvestorNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Releases Technical Summary Report for Saskatchewan-Based Shea Creek Project

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, filed a Technical Report Summary (“TRS”) regarding its Shea Creek Project. The company filed the S-K 1300 report with the Securities Exchange Commission. According to the report, UEC indirectly owns more than 49% of the project with Orano Canada Resources owning the remainder and operating the project. The filing is the first Saskatchewan resource estimate the company has released since the acquisition. The reported noted that Shea Creek has combined resources of 95.63 million lb. U3O8 on a consolidated basis comprised of 67.57 million lb. at 1.491% U3O8in the indicated resource category and 28.06 million lb. at 1.015% U3O8 in the inferred category, respectively. In addition, the UEC-attributable share of combined resources is 46.95 million lb. U3O8, comprised of 33.18 million lb. indicated and 13.78 million lb. inferred. Located in the Western Athabasca Basin, Shea Creek deposits were the first new discoveries in the rapidly developing Western Athabasca uranium district. The filing noted that uranium mineralization at project can be found just above, and extending below, the unconformity between Athabasca Group Sandstone and the underlying older basement rocks, which occurs at depths between 700 and 800 meters. To date, four unconformity-related deposits have been identified. The company believes there is a high potential to expand uranium resources in the basement rocks within the existing footprint of Shea Creek.

To view the full press release, visit https://ibn.fm/dNO1z

About Uranium Energy Corp.

Uranium Energy Corp is the fastest-growing supplier of the fuel required for green-energy transition to a low-carbon future. UEC is the largest, diversified North American-focused uranium company, advancing the next generation of low-cost, environmentally friendly, in-situ recovery (“ISR”) mining uranium projects in the United States and high-grade conventional projects in Canada. The company has two production-ready ISR hub-and-spoke platforms in south Texas and Wyoming. These two production platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place. Additionally, UEC has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of North American-warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource-stage uranium projects. The company’s operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.

NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC 

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).