NYSE MKT: UEC
52 Week Range ($US): $0.94-$2.65
Market Capitalization ($US): 162.03 M
About Uranium Energy Corp
Uranium Energy Corp (NYSE MKT: UEC) is a U.S.-based uranium mining and exploration company. 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. The Company controls one of the largest databases of historic uranium exploration and development in the country. Using this knowledge base, the Company has acquired and is advancing exploration properties of merit throughout the southwestern U.S. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery mine and the Goliad in-situ recovery project which is fully permitted for production and under construction. The Company is well financed to aggressively pursue its key development targets.
Uranium Mining Projects in the US
The Company has focused its property acquisition program primarily in the southwestern US Image 1 Caption states of Texas, Wyoming, New Mexico, Arizona and Colorado. This region has historically been the most concentrated area for uranium mining in the U.S. With the use of historical exploration databases, Uranium Energy Corp 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. Uranium Energy Corp's strategy of acquiring exploration databases and leveraging those databases to generate acquisition targets has been effective thus far. The Company will continue to aggressively pursue this formula on an ongoing basis. Uranium Energy Corp is well positioned to capitalize on the world's overwhelming demand for more uranium, for more energy, for cheaper energy and for a cleaner environment.
Positioned to Deliver
Well financed: UEC is fully permitted and has the balance sheet to continue developments at its Goliad towards initial production, but to also advance their third major project, Burke Hollow through the permitting process which will quickly allow 1M pounds of uranium production to come online when the uranium price strengthens, which most analyst firms believe will happen during the next 12 months.
UEC will be one of the best positioned uranium producers when the price of uranium increases. UEC is the only uranium producer in the world with no hedges, meaning it is not required to deplete its uranium reserves in a low uranium price environment. Management of UEC were in fact the first uranium producer in September 2013, to state they will decrease production and exposure to a lower uranium price, and since that time, companies such as Cameco and Paladin have followed. In the long run, this move by UEC will greatly reward shareholders when the price of uranium increases.
Future catalyst for uranium: At a recent conference in New York, where all of the major players were represented, the underlying feeling was that the current $28.25 a pound price for uranium is approaching an inflection point with imminent catalysts on the horizon, especially relating to the need for utility companies to begin contracting for the future.
Emerging Markets Consulting, LLC.
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Uranium Energy Corp.
500 North Shoreline, Ste. 800N
Corpus Christi, TX 78401
Phone: (361) 888-8235
Chief Executive Officer, President, Director
Mr. Adnani is a founder of Uranium Energy Corp and has been the President, Chief Executive Officer, and a director of the Company since its inception in January 2005. He is also the founder and Chairman of Brazil Resources Inc., a publicly-listed gold exploration company that is growing through acquisitions of projects of merit in the gold districts of Brazil. By background, he is an entrepreneur, and earlier established and grew two private companies. Mr. Adnani has been invited to speak at prominent industry conferences organized by the International Atomic Energy Agency, World Nuclear Fuel Market and the Milken Institute. He is a frequent contributor to the business media including The Wall Street Journal, Bloomberg, CNBC and Fox Business News. Fortune magazine distinguishes Mr. Adnani on their ‘40 Under 40, Ones to Watch’ list of North American executives. He is recognized by Casey Research, a leading investment advisory publisher, as a top-ten leading mining industry entrepreneur and executive. He is a nominee for Ernst & Young’s ‘Entrepreneur of the Year’ distinction. Mr. Adnani holds a Bachelor of Science degree from the University of British Columbia, and serves on the university’s Alumni Advisory Board.
Chief Financial Officer
Mark Katsumata is a Certified General Accountant with 20 years of experience related to the mining industry. He started his career with an accounting firm of Chartered Accountants in Vancouver, British Columbia where he was the auditor of publicly-traded mining companies for five years. Over the last 15 years, Mr. Katsumata has served as a CFO and VP-Finance for a number of NYSE MKT, TSX and TSX-V mining companies with operations worldwide, including two years as CFO/VP-Finance of Denison Mines Corp. Mr. Katsumata has been a member of the Certified General Accountants' Association of British Columbia and Canada since 1997.
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