Uranium Energy Corp Makes New Appointments, Expands Top Management
- Director Mark Katsumata, Former Denison CFO/VP-Finance, Appointed as New CFO
- David Kong Appointed to Board of Directors
- CFO Pat Obara Appointed as Vice President-Administration
Corpus Christi, TX � January 05, 2011 - Uranium Energy Corp (NYSE-AMEX: UEC, the �Company�) is pleased to announce three new appointments to top management and to the Board of Directors, effective immediately. Director Mark Katsumata is appointed as the new Chief Financial Officer. David Kong is joining the Board of Directors to replace Mr. Katsumata. Pat Obara, the Company�s Chief Financial Officer for the last four years, is appointed as Vice President�Administration.
As VP-Administration, Mr. Obara now has senior responsibilities over the Company�s continued expansion. Mr. Katsumata, having earlier served as CFO and VP-Finance for mining companies including Denison Mines Corp., an NYSE AMEX/TSX-listed uranium producer, and having served the last 18 months as a Company director, is ideally positioned to assume the new CFO responsibilities as the Company is now a uranium producer. Concurrent with Mr. Katsumata�s appointment, he has resigned as a member of the Company�s Board of Directors and as Chairman of the Audit Committee.
Replacing Mr. Katsumata on the Board of Directors and as Chairman of the Audit Committee is David Kong, a highly qualified Chartered Accountant and a Certified Public Accountant with over 35 years of experience as an auditor of public companies, the majority in the mining industry.
On Mr. Obara�s appointment, Amir Adnani, President and CEO, stated: �Speaking for the whole team here, we are grateful for Pat�s dedication and his brilliant service as the Company�s CFO. We are looking forward to his performance with broadened duties in his new role as VP-Administration.�
On Mr. Katsumata�s appointment, Mr. Adnani stated: �We are pleased to have Mark join our management team. Now that the Company is producing uranium, his extensive experience with mining companies, including his financial and operational experience gained while at Denison, is a significant benefit and resource. Mark�s familiarity with the Company as a director and as Audit Committee Chair for the past year and a half will provide for a smooth transition to his new role as CFO.�
On Mr. Kong�s appointment, Mr. Adnani stated: �We welcome David to the Board. He brings decades of auditor experience as our new Audit Committee Chair. David�s business contacts in China and understanding of its languages and business customs will be of tremendous benefit to the Company.�
Mark Katsumata is a Certified General Accountant with 20 years of experience related to the mining industry. Over the last 15 years, Mr. Katsumata has served as a CFO and VP- Finance for a number of NYSE AMEX, TSX and TSX-Venture mining companies with operations worldwide, including two years as CFO/VP-Finance of Denison Mines Corp. Most recently, he has been consulting for public mining companies providing corporate finance, strategic planning and regulatory compliance services.
David Kong is a Chartered Accountant and Certified Public Accountant. He most recently served as a partner of Ernst & Young LLP from 2005 to 2010. At Ernst & Young, he led its Chinese market practice in Canada, focused on serving Canadian public companies doing business in China and Chinese public companies listed on North American stock exchanges. He earlier served as a partner of Ellis Foster, Chartered Accountants of Vancouver, British Columbia from 1982 to 2004. He is a director of several mining companies.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium production, development and exploration company operating North America�s newest uranium mine. 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 has just initiated production, and the Goliad in-situ recovery project which has been granted its Mine Permit and 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.
Contact North America: Investor Relations, Uranium Energy Corp:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
Stock Exchange Information:
Frankfurt Stock Exchange Symbol: U6Z
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