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Uranium Energy Corp. Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming
New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery ("ISR") uranium project in the U.S. First ti
About this update from Uranium Energy Corp.
[{"type":"text","content":" New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (\"ISR\") uranium project in the U.S. First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin. Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling. Added resources benefit from existing production permits in place. CORPUS CHRISTI, TX, Jan. 15, 2019 /CNW/ - Uranium Energy Corp (NYSE American: UEC, the \"Company\" or \"UEC\") is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (\"NI 43-101\") resource estimate for its Reno Creek ISR Project (\"Reno Creek\" or the \"Project\"). The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (\"North Reno Creek\") into the Company's Reno Creek Project. * The report is entitled \"Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA\" dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the \"Report\"). The Report estimates a Measured and Indicated (\"M&I\") mineral resource of 26 million pounds of uranium (\"U3O8\") at a weighted average grade of 0.041% U3O8 contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8 at a weighted average grade of 0.039% U3O8 contained within 1.92 million tons. * Amir Adnani, President and CEO, stated, \"For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership. Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit. We're executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects. Combining Reno Creek with the Company's South Texas ISR projects, posit...