Analysts Report on Uranium Energy's Latest News
Last week, four uranium analysts issued updating reports about UEC. They are responding to the Company�s strong news release on January 20th which announced that the Palangana ISR Uranium Project is now fully permitted. Palangana is a prior-producing ISR project in South Texas. With the recent acquisition of the fully licensed Hobson processing facility, the Company is now transitioning to become an operating company.
Briefly, here are some of the highlights and insights from these new reports by independent industry professionals.
Anthona D. Curic with Versant Partners, an investment bank based in Montreal that serves institutional money managers, noted the following Company highlights:
�Minimal capex, near-term, low cost fully integrated ISR producer - With the acquisition of the South Texas Mining Venture, the Company has acquired the Hobson Central Processing Plant (a fully permitted plant that with minimal investment will have the capacity to produce 2Mlbs of U3O8 /yr.)�
�Management team is amongst the strongest in the world as it relates to ISR mining expertise - Company�s COO is Dr. Harry Anthony a world-renowned ISR expert with over 30 years experience including projects in Texas.�
Ian Parkinson of CIBC World Markets Inc., the investment banking division of leading Canadian bank, Canadian Imperial Bank of Commerce, said:
�Palangana now fully permitted, poised for production in 2010�.
�With the permitting now complete and the Hobson facility at the ready, UEC's risk profile has been significantly reduced�We have revised our production forecast to better reflect management's strategy of bringing Palangana into production in H2/10 and Goliad into production in H1/11.�
David Talbot, the uranium analyst with respected Dundee Capital Markets, said the following:
�UEC is placing its focus squarely on maximizing the leverage it can get with the ownership of a fully licensed ISR uranium plant. We expect the company to continue to seek out ISR projects in South Texas, and potentially accelerate exploration at the Nichols or La Palangana deposits. Success along any of these scenarios could immediately add value to the stock. We believe that UEC is cashed up through to production.�
Geordie Mark with Haywood Securities states:
�The award of the RML for the Palangana ISR uranium project supports our contention that UEC represents the next new uranium producer in the USA. Our expectation calls for production from Palangana/Hobson in Q4/10. Furthermore, we expect that UEC�s Goliad ISR uranium project, also in South Texas, will be fully permitted in 2010, with first production there commencing in Q1/11, further bolstering UEC�s production profile.�
Stay tuned�more news to follow. 1-866-748-1030.
Uranium Energy Corp
About Uranium Energy Corp
Uranium Energy Corp (NYSE-AMEX: UEC) is a U.S.-based exploration and development company with the objective of near-term uranium production in the 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 is-situ recovery project, which is fully permitted, and the Goliad in-situ recovery project, which is in the final stages of mine permitting for production. 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 is well financed to execute on its key programs.