DGAP-News

Uranium Energy Corp Reports Positive Preliminary Economic Assessment on Slick Rock Project in Colorado - Seite 3

At the time the majority of the uranium assays available for mineral
resource estimation were collected, the common practice in mineral
exploration and development was to rely on uranium values to estimate
vanadium content based on the historic V:U ratios for each mine area.
Uranium values were determined from chemical assays or, far more commonly,
from radiometric equivalent determinations either with downhole geophysical
logging (surface exploration) or handheld scintillometers (underground face
mapping and mining). Vanadium values were estimated based on the V:U ratios
experienced during past production in the area and confirmed by head assays
at the mills.

Grade estimates have been made using ordinary kriging into a model with a
nominal block size of 50 x 50 x 10 ft (L x W x H). Statistical evaluations
result in the segregation of data according to favorable zone domains
during grade interpolation. Bulk densities have been assigned to blocks in
the model based on historic production data.

The results of the modeling process have been validated using a series of
methods. The results indicate that the resource model is an appropriate
estimation of global resources based on the underlying database.

The resources have been classified by their proximity to sample locations
and are reported, as required by NI 43-101, according to the CIM Definition
Standards on Mineral Resources and Mineral Reserves. Based on the current
distribution of drilling, resources in the Inferred class occur within the
designated favorable areas. There are no known factors related to
environmental, permitting, legal, title, taxation, socio-economic,
marketing or political issues which could materially affect the Inferred
Mineral Resource.

Information about data verification applicable to the Inferred Resource is
available in the Technical Report for the Slick Rock Project
Uranium/Vanadium Deposit, San Miguel County, Southwest Colorado, USA,
effective December 2012, available on SEDAR, as well as in the PEA that
will be filed on SEDAR and the Company website on or about April 24, 2014.

The Company has an in-depth understanding of the geology at the Project.
The Project has been the subject of study since the 1940's and the subject
of mine production through the early 1980's. The practices used during the
various drilling campaigns have been conducted in a professional manner and
have adhered to accepted industry standards. Based upon the available
drilling data, published geologic reports and mapping, the mineral resource
estimation, and the PEA, the following conclusions have been made: