Uranium Energy News Releases
Uranium Energy Corp Expands Exploration Database in Wyoming and New Mexico
October 9, 2007
Acquisition Increases the Company’s Inventory of Drill Results to Over 5 Million Feet
AUSTIN, TX – October 9, 2007 – Uranium Energy Corp (AMEX: UEC) (Frankfurt: U6Z) (Berlin: U6Z) announces that is has acquired a strategic database of US uranium exploration and development results covering territory in Wyoming and New Mexico, including Uranium Energy Corp’s existing properties. The database belonged to a pioneering uranium developer and represents work from the 1950s through the present.
This database will add over 500 drill holes and over 500,000 feet of drilling results to the Company’s existing library of 4.6 million feet. Other than logs, the data set consists of volumes of maps, lithographic logs, geologic reports, and feasibility studies, and many other essential tools for uranium exploration and development.
In their review of the data, Company geologists have linked contents of the database to Uranium Energy Corp’s existing properties. Specifically, the data pertains to the Company’s projects in the Shirley Basin and Powder River Basin of Wyoming, and in the Grants Uranium District of New Mexico.
The Company can use the database to generate exploration prospects, to develop acquisition targets, or to sell or trade with other exploration companies.
About Uranium Energy Corp
Uranium Energy Corp (AMEX: UEC) is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
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