Uranium Energy Corp Featured in Forbes Magazine
March 31, 2010
We are pleased to report to you that UEC is featured in an article about the U.S. uranium industry in the April 12th issue of Forbes magazine, now on newsstands. The article addresses the Company�s plans for near-term production in the U.S.
The two-page article, written by Forbes energy reporter Jonathan Fahey, is titled �Energy & Genius � Homegrown Fuel.� The reporter starts the article by noting that the U.S. imports nearly all of the uranium that its nuclear reactors use, and that Uranium Energy Corp plans to reduce this dependence by building up major uranium production in this country again.
�Every year the nation's 104 nuclear reactors burn through 55 million pounds of uranium to produce electricity,� writes Fahey. The article continues, �Yet only 3.5 million pounds are mined in the U.S. �We're more dependent on foreign uranium than we are on foreign oil,� says Amir Adnani, chief executive of Uranium Energy Corp�[UEC] aims to make us less dependent.� Photos of Uranium Energy Corp�s Hobson processing plant, plant supervisor Gregory Kroll and Mr. Adnani accompany the article.
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Uranium Energy Corp.
About Uranium Energy Corp.
Uranium Energy Corp 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 in-situ recovery project, which is permitted for production, 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