Three Analysts Update Buy Recommendations on UEC
Dear Shareholder,
Three analysts have issued updating reports on UEC in response to the Company�s news release on June 22 announcing strong drill results and the discovery of a new exploration zone at the Palangana ISR Uranium project.
Here are some brief highlights and insights from these new reports by independent industry professionals:
Dr. Geordie Mark, uranium analyst with Haywood Securities, noted the following Company highlights:
�Impact: Positive, Discovery of the G-sand trend bolsters promising results from known trends... Drilling is expected to continue on the G-sand trend as well as on the Palangana East trend, and on the Seager-Salvo project. A resource update on Palangana is expected to be complete in Sept �10, as well as a maiden resource estimate in late Q4�10 on the Seager �Salvo project.�
Alka Singh, Senior Metals & Mining Analyst with Rodman & Renshaw LLC in New York, said the following:
�The new G-sand trend looks promising. Uranium Energy has discovered the new G-sand trend that extends for 4.5 miles. This new trend is the seventh known exploration zone� A total of 19 holes have been drilled along this new trend out of which 5 holes had GT values of 0.3 or higher. Hole 2845 intercepted 17.5 feet of 0.541% U3O8 which is very encouraging. UEC estimate that zones with GT greater than 0.3 will be shown to be producible.�
David Talbot, the uranium analyst with respected Dundee Capital Markets, stated the following:
�G-sand could add pounds by October as UEC continues to refine and define mineralization along the trend...UEC provides investors with a low risk opportunity for near term uranium production exposure�Uranium Energy�s expected low operating costs should make it an attractive investment.�
For more information, please email info@uraniumenergy.com or give us a call at 1-866-748-1030.
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.
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