Uranium Energy (NYSE American: UEC) today announced that it has filed an Initial Assessment Technical Report Summary (“TRS”) in accordance with Item 1302 of Regulation S-K (“S-K 1300”) on EDGAR disclosing mineral resources and an economic assessment for the company’s 100% owned Alto Paraná Titanium Project located in Paraguay. Among the highlights, the company reported a combined regional resource of 3.6 billion tonnes, grading at 7.3% TiO 2, for the Alto Paraná Titanium Project. “UEC is a uranium focused company and through our presence and uranium exploration activities in Paraguay since 2012, we identified a unique opportunity to acquire the world-class Alto Paraná Titanium Project in 2017 for a nominal investment,” said Amir Adnani, UEC president and CEO. “We are delighted to present an initial economic evaluation of the project that provides a pathway forward in unlocking its substantial value. The study confirms Alto Paraná as one of the highest grade and largest known ilmenite deposits on the globe with compelling economics.”
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About Uranium Energy Corp.
Uranium Energy is the fastest growing supplier of the fuel for the 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 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, the company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. 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.
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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