About Uranium Energy Corp.
Uranium Energy Corp. (NYSE American: UEC) is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly In-Situ Recovery (ISR) mining uranium projects.
In South Texas, the Company’s hub-and-spoke operations are anchored by our fully licensed Hobson Processing Facility, which is central to our Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S.
Additionally, the Company’s diversified holdings provide exposure to a unique portfolio of uranium related assets, including:
- major equity stake in the only royalty company in the sector, Uranium Royalty Corp.
- physical uranium warehoused in the U.S.; and
- a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay.
In Paraguay, the Company owns one of the largest and highest-grade ferro-titanium deposits in the world.
The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development, and mining.
Visit: www.UraniumEnergy.com for more information. Follow us on Twitter: @UraniumEnergy
UEC Investment Highlights:
- UEC’s large and diversified U308 production-ready assets in the Americas:
- 104 million pounds U3O8 resources within a combined portfolio of:
- 58 Mlbs of Measured & Indicated U308 resources
- 45 Mlbs Inferred U308 resources
- 94 billion tons, grading 7.41% Titanium (TiO2) and 23.6% Iron (Fe203)
- 6 million pounds of Vanadium (V2O5)
- $200M of NPV in hard rock uranium/vanadium projects in Arizona and Colorado (based on completed PEA reports)
- Fully permitted and state of the art infrastructure advantage with Hobson Processing Plant (2Mlbs production capacity)
- 100% unhedged & Production ready: A pipeline of low-cost, fully licensed & permitted ISR projects, with a production profile of 4Mlbs per year in Texas and Wyoming
- In 2021, UEC’s physical uranium initiative contracts total of 4.1M lbs of U.S. warehoused uranium with deliveries in March 2021 into December 2025 at an average $32/lb U3O8.
- Bolsters UEC balance sheet as uranium prices appreciate and support future marketing and production efforts and accelerate cashflows for emerging U.S. origin specific opportunities
- The Alto Paraná titanium project, World’s largest Titanium deposit located in Paraguay, is a potential monetization opportunity
- Most favorable demand growth: Global nuclear energy generation has recovered to pre-Fukushima levels with 58 reactors added to grid since 2012. Uranium spot price at $45/lb as of Dec 15, 2021, price still well below 2011 at $70 high and incentive levels for new primary production
- Market Fundamentals continue to improve with a growing deficit between primary production and reactor requirements: 2021 Demand expected = 191M lbs.; 2021 Production expected = 128M lbs.; 2021 Production gap is 63M lbs. below requirements. Cumulative gap through 2025 is 253M lbs., 372M lbs. by 2028.
- U.S. Uranium & Nuclear Energy historic support in Washington D.C.: Strong Bipartisan Support for Nuclear Energy, Included in U.S. Energy Carbon Free Goals, Clean Energy Standard, American Jobs Plan.
- The Department of Energy’s historic announcement to purchase 17-19M lbs. U.S. mined U3O8 starting in 2021 ($75M Appropriations scheduled for 2022). Only U.S. mined uranium can supply the U.S. Department of Energy $1.5B Uranium Reserve.
ATHABASCA BASIN, SK, CANADA
The Diabase Project is a large, early-stage exploration project 75 km west of Cameco’s Key Lake mill on the southern rim of Saskatchewan’s Athabasca Basin uranium district. The project covers 21,949 hectares in ten claim blocks. Exploration is focused on testing the Cable Bay fault corridor, interpreted to represent a suture zone between the Archean Mudjatik and Virgin River domains within the Trans-Hudson orogeny. Historical work started in the late 1970’s, with the first major programs completed by the Saskatchewan Mineral Development Corporation in 1979 and the last major program completed by NUINSCO Resources Inc. in 2011. Project work completed to date includes 67 diamond drill holes, regional electromagnetic, magnetic and gravity geophysical surveys, and surficial geochemistry. Anomalous uranium values have been intersected on the property, primarily associated with an area intruded by a late diabase dyke, highlighted by drill holes ND0801 (707 ppm Upartial over 0.25 m) and ND0807 (426 ppm Upartial over 0.40 m).
Snapshot & Recent Developments:
- A significant land package of 21,949 hectares which overlies the highly prospective regional Cable Bay fault corridor, located in a stable and leading jurisdiction for uranium exploration and mining;
- Estimated total value of the historical exploration work is in excess of $20M US including over 21,000 meters of diamond drilling, geophysical surveying and surficial sampling data;
- Anomalous uranium values have been intersected on the property, highlighted by drill holes ND0801 (707 ppm Upartial over 0.25 m) and ND0807 (426 ppm Upartial over 0.40 m);
- In the summer of 2018, the project team was on site to review the historical drill core and secured the core storage facility. Work is anticipated to start in 2019 with regional reconnaissance work.
- Current work includes digital compilation, core review, and geological modelling to drive a future reconnaissance scale exploration program.
To learn more about Uranium Energy Corp, go to https://www.uraniumenergy.com/
For more about the activity in the Athabasca Basin and to view the digital map, go to https://digigeodata.com/area/athabasca-basin/