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Uranium Energy Corp Increases Physical and Equity Uranium Holdings


Uranium Energy Corp Increases Physical and Equity Uranium Holdings
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UEC
CORPUS CHRISTI, Texas, May 20, 2021 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the Company or UEC ) is pleased to report recent increases in its physical and equity uranium holdings.
The Company has acquired an additional 200,000 pounds of U.S. warehoused uranium.  UEC s physical uranium initiative is fully funded with cash on hand and now includes 2.305 million pounds of U.S. warehoused uranium at a volume weighted average price of ~$30 per pound with various delivery dates out to June 2023. 
The Company has also acquired an additional 1,000,000 common shares of Uranium Royalty Corp ( URC )  (TSXV: URC,Nasdaq: UROY) in order to maintain its existing strategic ownership position in URC. The Company completed the subscription under a recent bought deal financing which was completed by URC comprised of 6,100,000 common shares at a p ....

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Uranium Energy Corp Completes Initial 40 Development Holes at First Production Area of its Burke Hollow ISR Project in South Texas


Uranium Energy Corp Completes Initial 40 Development Holes at First Production Area of its Burke Hollow ISR Project in South Texas
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Highlights:
Burke Hollow s initial Production Area ( PAA-1 ) is the newest and largest In-Situ Recovery ( ISR ) wellfield being developed in the U.S.;
Strong results demonstrate potential for further resource growth within PAA-1 with several drill intercepts returning 2.45 to 4.48 grade thickness ( GT ). This is significantly above the 0.3 GT cut-off for ISR resource estimation and wellfield development;
UEC s South Texas hub-and-spoke strategy is anchored by its fully licensed Hobson Processing Plant and includes five ISR Projects, including its fully permitted Palangana, Goliad and Burke Hollow projects; and ....

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