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Haywood Securities Reports Back from Tour of Palangana and Hobson
March 10, 2010
Dear Shareholder,
On Tuesday, March 9th, Geordie Mark with Haywood Securities, issued an updating Research Note after attending the recent site tour by Uranium Energy Corp (NYSE-AMEX: UEC) and reported that the company�s �plant and project status shows that UEC is expected to be USA�s next producer.�
Dr. Mark stated:
�Rating: Market Outperform; Target Price: US$4.30...Hobson-Palangana Project Site Visit reveals a plant ready and waiting.� �Our recent site visit of the newly acquired fully permitted, and �refurbished� Hobson ISR Uranium Plant, and Palangana Project area provides a tangible measure of comfort in the ability of Uranium Energy to enter production via exploitation of the Palangana uranium resources in Q4�10. This timing, in our opinion would place the Company as the next new producer in the US.�
�Rating: Market Outperform; Target Price: US$4.30...Hobson-Palangana Project Site Visit reveals a plant ready and waiting.�
�Our recent site visit of the newly acquired fully permitted, and �refurbished� Hobson ISR Uranium Plant, and Palangana Project area provides a tangible measure of comfort in the ability of Uranium Energy to enter production via exploitation of the Palangana uranium resources in Q4�10. This timing, in our opinion would place the Company as the next new producer in the US.�
Please call us at 1-866-748-1030 if you have questions or email info@uraniumenergy.com
Thank you, 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.
For further information about Uranium Energy Corp (NYSE - AMEX: UEC), please click: www.uraniumenergy.com or call 1.866.748.1030