DGAP-News

Uranium Energy Corp Reports Positive Preliminary Economic Assessment on Anderson Project in Arizona

DGAP-News: Uranium Energy Corp. / Key word(s): Miscellaneous
Uranium Energy Corp Reports Positive Preliminary Economic Assessment
on Anderson Project in Arizona

16.09.2014 / 17:30

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Uranium Energy Corp Reports Positive Preliminary Economic Assessment on
Anderson Project in Arizona

- The PEA shows a robust pre-tax project Internal Rate of Return ("IRR")
of 63% and a Net Present Value ("NPV") of $142.2 million at a discount
rate of 10%, with a post-tax IRR of 50% and an NPV of $101.1 million,
based on a uranium price of $65 per pound.

- Average production in excess of one million pounds per annum, for a
total production of 16 million pounds of uranium over a 14-year mine
life.

- CAPEX for the project is estimated at $8 million for pre-production
costs and $43.9 million for initial capital.

- Average life of mine direct operating costs of $30.68 per contained lb.
U3O8.

- Metallurgical testing demonstrates uranium can be recovered by
conventional heap leach methods.

- Uranium recovery utilizing heap leach methods would allow production in
the form of loaded resin which would be shipped to the White Mesa Mill
near Blanding, Utah.

Corpus Christi, TX, September 16, 2014 - Uranium Energy Corp (NYSE MKT:
UEC, the "Company" or "UEC") is pleased to announce that the Company has
received the results of a Preliminary Economic Assessment (the "PEA"),
prepared in accordance with National Instrument 43-101 ("NI 43-101"), for
the Anderson Project (the "Project"). As of the effective date of the PEA,
the Project covers 9,852 acres (15.4 square miles) and is comprised of 459
contiguous, unpatented lode mining and placer claims and two Arizona State
land sections. It is located in western Yavapai County approximately 75
miles northwest of Phoenix.

The PEA completed for the Project has been authored by Douglas L. Beahm,
P.E., P.G. Principal Engineer, of BRS Inc., Terence P. (Terry) McNulty,
P.E., PhD. Sc., of T. P. McNulty and Associates Inc., Bruce Davis, FAusIMM,
of BD Resource Consulting Inc. and Robert Sim, P.G., of SIM Geological Inc.
The purpose of the PEA is to provide an independent analysis of the
potential economic viability of the mineral resources* of the Project.

President and CEO Amir Adnani stated, "In addition to our low-cost ISR
business in Texas, the Anderson Project is another example of the deep
portfolio of projects that will add significant shareholder value at higher