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Uranium Energy Corp Acquires the Rights to a Strategic 50-year Wyoming Uranium Database April 27, 2006 Odell database of 315,000 feet of drill logs, maps and geologic reports will provide the Company’s Wyoming acquisition and exploration program with a significant competitive advantage in a State that host the largest uranium reserve in the US AUSTIN, TX – APRIL 27, 2006 – Uranium Energy Corp (“the Company”) has acquired the rights to a significant database containing over 50 years of uranium exploration and development data for the state of Wyoming. This uranium database consists of 315,000 feet of drill logs, over 400 maps, copies of all US Geological Survey uranium publications going back to 1954, and geological reports on uranium ore bodies throughout Wyoming. The database is made available to the Company by Robert Odell, the compiler and publisher of the Rocky Mountain Uranium Minerals Scout since 1974. The Scout is a monthly uranium intelligence report that is available by subscription to uranium mining and exploration companies. It monitors all uranium claim-staking, exploration, development, mining, reclamation and corporate activities. Mr. Odell has been engaged as District Geologist for Uranium Energy Corp, and lends his 52-year data, knowledge base and experience to the Company in its search for economic uranium ore bodies in the state of Wyoming. Mr. Odell graduated with a BSc in Geology from the University of New Mexico in 1951. Since then, he has worked with numerous uranium development companies, exploring for uranium in New Mexico, Arizona, and chiefly Wyoming, the most prolific area of uranium production in the United States, and host of the United States’ largest uranium reserve, according to the US Department of Energy. Please visit www.uraniumenergy.com for Mr. Odell’s complete professional history. Uranium Energy has already been successful in utilizing this extensive database to identify and acquire drilled-historic uranium resources in Wyoming. A multitude of new targets have also been established, and continue to be sought out, either as potential stand-alone ISL operations, or as ISL satellite ore bodies. Furthermore, the database also contains valuable drill data on properties held by other uranium exploration companies, with whom the Company now has natural synergies for joint activities or sale of data. The Company continues to aggressively exploit the tools at its disposal in order to realize value for its shareholders. The Company currently has two claim blocks in the Shirley Basin, giving Uranium Energy Corp approximately four million pounds of historically drill-proven uranium resources in the state of Wyoming. These blocks are the Mud Springs Prospect in the North Shirley Basin, containing an estimated three million pounds at an average grade of 0.11% U3O8, and the Burnt Wagon Prospect in the Poison Spider Area, containing an estimated one million pounds at an average grade of 0.048% U3O8. About Uranium Energy Corp Uranium Energy Corp (URME: OTCBB) is a US-based junior resource company with the near-term objective of uranium production in the United States. The company has a mandate to acquire historical uranium resources that can quickly be developed into producing uranium mines. Its management is comprised of veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, gives the Company over 180 years of uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the world’s first significant alternative energy boom. See www.uraniumenergy.com for more information. Contact North America: Investor Relations, Uranium Energy Corp Phone: Toll-Free (877) 676-7183 or (512) 721-1022 Fax: (512) 721-1023 E-mail: info@uraniumenergy.com Website: www.uraniumenergy.com Contact Europe: International Market Trend AG Phone: +41.43.888.67.00 Fax: +41.43.888.67.09 Stock Exchange Information: Symbol: OTCBB – URME Frankfurt/Berlin Symbol – U6Z, WKN: AØJDRR , ISN: US9168961038 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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| aus der Diskussion: | Uranium Energy |
| Autor (Datum des Eintrages): | Yellotiger (28.04.06 21:43:13) |
| Beitrag: | 11 von 15 (ID:21371226) |
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