Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has announced uranium mineralization in drill hole CB-183-1 that expands the footprint of high-grade uranium mineralization at the Sakura Zone at the company’s Christie Lake Project. According to the announcement, UEC intersects additional high-grade uranium mineralization with CB-183-1 at the project; this intersection expands the footprint of the high-grade mineralization at the Sakura Zone, which was reported last year. According to the announcement, the project is in a premier location, just northeast of McArthur River, the world’s largest high-grade uranium mine, and along the same geological trend. The announcement noted that infrastructure advantage of the project, which straddles the Eastern Athabasca High Grade Uranium Corridor. The company noted that Christie Lake is one of the key projects in its Eastern Athabasca Hub strategy and offers excellent synergy potential with its Roughrider and Horseshoe-Raven projects. “The continued success at the Sakura Zone demonstrates the potential of the Yalowega Trend at Christie Lake to host high-grade uranium mineralization,” said Uranium Energy vice president of exploration, Canada, Chris Hamel in the press release. “We are eager to continue with exploration along this trend in the 2023 program. The Yalowega Trend is the northerly extension of the McArthur River fault system onto the Christie Lake Project and gives UEC the opportunity to explore along this uniquely well-endowed mineralized trend that only Cameco and Orano otherwise have access to.”
To view the full press release, visit https://ibn.fm/XfMin
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
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