Uranium Energy Corp. (NYSE American: UEC) Ready, Eager to Provide Much-Needed Fuel

Rhea-AI Summary

Uranium Energy Corp (NYSE American: UEC) highlights the urgency of domestic uranium production amidst national security concerns due to reliance on foreign sources. Scott Melbye, UEC's EVP, emphasizes restoring America’s nuclear infrastructure, which has declined due to geopolitical pressures. UEC stands ready to supply uranium, leveraging its production-ready status and extensive projects in Texas and Wyoming, including the largest pre-construction ISR uranium project in the U.S. UEC's operations emphasize environmentally friendly mining and include a robust portfolio of uranium-related assets.

Positive

• Production-ready status to meet domestic uranium demand.
• Extensive portfolio of uranium-related assets, including major projects in Texas and Wyoming.
• Focus on low-cost, environmentally friendly ISR mining technology.

Negative

• Dependence on foreign uranium sources poses national security risks.

NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – Uranium Energy Corp. (NYSE American: UEC) announces the availability of a broadcast titled, “New Focus on Clean Energy Boon for Uranium.”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://www.nnw.fm/nzON4

Clearly, the lack of uranium production in America poses a national security threat with the utter reliance on foreign uranium sources to power nuclear plants that supply about 20% of the country’s total electrical output and more than half of the nation’s carbon-free power.

During his testimony in March at the Full Committee Hearing on Nuclear Energy for the Senate Committee on Energy & Natural Resources, Scott Melbye, Uranium Energy Corp (NYSE American: UEC) EVP and president of the Uranium Producers of America, warned that “America is dangerously close to losing our uranium fuel industrial base” and that the country must re-establish its once robust nuclear infrastructure “that has been eroded by Russia, China, and state-owned uranium entities in recent years.” For its part, Texas-based UEC is production ready and eager to provide the much-needed fuel.

About Uranium Energy Corp.

Uranium Energy 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 UEC’s fully-licensed Hobson Processing Facility, which is central to its 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: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) 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. 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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FAQ

What recent announcement did Uranium Energy Corp make regarding uranium production?

Uranium Energy Corp announced its readiness to address national security concerns by increasing domestic uranium production.

Why is Uranium Energy Corp concerned about foreign uranium reliance?

The company warns that reliance on foreign uranium sources threatens national security and the country’s nuclear infrastructure.

What projects is Uranium Energy Corp involved in?

UEC is involved in several projects, including the largest permitted ISR uranium project in Wyoming and multiple projects in South Texas.

Who is the president of Uranium Energy Corp, and what did he say?

Scott Melbye, EVP of UEC, stated that America is at risk of losing its uranium industrial base and needs to restore its nuclear infrastructure.