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Uranium Energy Increases Total Resources in Arizona with the Filing of a S-K 1300 Technical Report Summary for its Workman Creek Project in Arizona
Combined with its Anderson Project, UEC now controls more than 32 million pounds of measured and indicated resources and about 4.5 million pounds of Inferred re
About this update from Uranium Energy Corp.
[{"type":"text","content":" Combined with its Anderson Project, UEC now controls more than 32 million pounds of measured and indicated resources and about 4.5 million pounds of Inferred resources in Arizona CORPUS CHRISTI, Texas, March 16, 2023 /CNW/ - Uranium Energy Corp (NYSE American: UEC, the \"Company\" or \"UEC\") is pleased to announce that it has filed a Technical Report Summary (\"TRS\") on EDGAR disclosing mineral resources for the Company's Workman Creek Project in Arizona (the \"Project\"). Background: As a U.S. domestic and domiciled company, UEC is now reporting all mineral resources in accordance with Item 1302 of Regulation S-K (\"S-K 1300\"); S-K 1300 was adopted by the Securities and Exchange Commission (\"SEC\") to modernize mineral property disclosure requirements for mining registrants and to align U.S. disclosure requirements more closely for mineral properties with current industry and global regulatory standards; The mineral resource estimates set forth in this TRS have not previously been reported under the S-K 1300 format; and Total disclosed Inferred resources for the Workman Creek Project is stated at 4,459,000 lbs. eU3O8 with 1,981,000 tons grading 0.113% eU3O8. Drill data from 446 drill holes was used in the current mineral resource estimate. Amir Adnani, President and CEO stated: \"We are pleased with this update of the Company's former NI-43 101 resources into fully compliant S-K 1300 resources for our Workman Creek Project. America's uranium resources are becoming increasingly important for utility and government buyers looking for reliable supplies from stable U.S. jurisdictions. Combined with our Anderson Project, UEC now controls more than 32 million pounds of measured and indicated resources and about 4.5 million pounds of Inferred resources in Arizona, a mining friendly state and home to the Palo Verde Nuclear Plant, the largest power producer in the U.S. The Workman Creek and Anderson Projects provide UEC's project pipeline with additional supply assurance for the longer-term requirements of utilities and the Federal government needs for U.S. unobligated uranium supply.\" The TRS was prepared under S-K 1300 and was filed on March 14, 2023 with the SEC through EDGAR on Form 8-K and is also available on SEDAR as a \"Material Document\" filed on March 14, 2023. The TRS was prepared...