Uranium Energy Corp. · AMEX:UEC
Uranium Energy — Investor Presentation (March 2007)
35 slides from Uranium Energy's investor presentation, March 2007
Slide 1: Uranium Energy Corp
UEC Uranium Energy Corp URME : OTCBB Developing Alternative Energy for America
Slide 2: Disclaimer
Disclaimer Statements contained in this presentation which are not historical facts are forward- looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward- looking statements. Factors th
Slide 3: Uranium Market
Uranium Market Spot uranium currently at $72.00 per pound Many industry experts forecast target price of $100 Supply has been further eroded with the flooding at Cigar Lake, Cameco’s major uranium mine in Saskatchewan’s Athabasca region 2008 supply reduced by 7 million lbs of uranium 2009
Slide 4: America: the Next Uranium Giant
America: the Next Uranium Giant United States has 104 nuclear reactors generating more than 100 million megawatts of electricity each or approximately 20% of the country’s energy supply These plants are using approximately 55 million pounds of U3O8 annually The US is by far the largest consume
Slide 5: America: the Next Uranium Giant cont’d
America: the Next Uranium Giant cont’d Despite low levels of production of uranium at present, significant uranium exploration was performed in the US between 1960 and 1985 Re-emerging American domestic support for nuclear power and a pricing environment that allows for profitable extraction U
Slide 6: Business Model
Business Model Uranium Energy Corp’s business model is two fold: 1) Identify and acquire 50 million pounds of historic uranium resources through aggressive data driven acquisition, exploration and joint venture opportunities 2) Development of near-term and low cost uranium production through ISL m
Slide 7: Operational Review
Operational Review Project Portfolio 6 States Projects acquired in Texas, Wyoming, New Mexico, Arizona, Colorado, and Utah 19,000+ acres of land Advanced Stage Project Acquisition of Goliad ISL project in South Texas Acquired data to support 5.2 million lbs of historic U3O8 resource; p
Slide 8: Operational Review cont’d
Operational Review cont’d Field Offices opened and staffed Austin, Texas Kingsville, Texas Casper, Wyoming Albuquerque, New Mexico Technical Team Recruited 10 uranium technical experts Over 280 years of combined experience in uranium-related exploration, development, permitting, mini
Slide 9: Officers and Directors
Officers and Directors Alan Lindsay - Chairman Amir Adnani - President, Chief Executive Officer, Director Harry Anthony – Chief Operating Officer, Director Randall Reneau – Chief Exploration Officer, Director Pat Obara – Chief Financial Officer Erik Essiger – Director Bruce Horton - Di
Slide 10: Uranium Labor Statistics
Uranium Labor Statistics Number of trained technical personnel working in the US uranium sector is by far the lowest it has ever been. Number of personnel working in the sector down 97% from the beginning of the most recent collapse in 1980. from an average of over 20,000 to an average of unde
Slide 11: Uranium Labor Statistics
Uranium Labor Statistics 25,000 Uranium Labor Statistics (in Person-Years) 20,000 15,000 10,000 5,000 - 1967 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 Source: US Department of Energy
Slide 12: Technical Team
Technical Team Harry Anthony, Chief Operating Officer, Director Former Senior VP, Director of Uranium Resources Inc World-renowned ISL expert BSc, MSc Engineering Mechanics 36 years in extractive metallurgy; 30 years with ISL. Design, constructed and operated all of URI’s major projects.
Slide 13: Technical Team cont’d
Technical Team cont’d Clyde Yancey, Chief Geologist Proven US uranium mine finder BSc, MSc Geology, Registered Geologist Substantial reclamation experience Mike O’Leary, Senior Geologist Seasoned ISL mining professional experience with Everest Minerals as a Field Geologist in Texas Cam
Slide 14: Technical Team cont’d
Technical Team cont’d Leonard Garcia, Land Department Manager 20 years experience in title research, lease negotiation and land acquisition Former CEO of private enterprise with 20 million of annual revenue Brad Moore, Texas Exploration, Land Tenure Specialist Proven discoverer and develop
Slide 15: Exploration Databases
Exploration Databases Years of Drill State Provider Data Holes Texas Continential Oil (now Conoco Phillips) 10 250 Texas Mobil Oil (now ExxonMobil) 20 1,000 Texas Moore Energy 20 1,000 Texas Knupke 40 500 Texas Nueces Mineral Co 10 370 Robert Odell (Rocky Mountain Uranium Wyoming Scout) 50 500 Wyomi
Slide 16: Project Portfolio
Project Portfolio 19 properties in 6 US States All properties have extensive historical exploration Most properties have historically-indicated uranium resources Strong market demand for participation in these types ofArtillery Peak properties
Slide 17: Project Portfolio cont’d
Project Portfolio cont’d U3O8 Historic Resources (lbs)* Historic Potential to Pending Resource host Acquisitions State Acres Million lbs Million lbs Million lbs Texas 4,500 6.40 10.00 4.00 Wyoming 6,800 0.50 5.00 - New Mexico 4,100 1.50 - 1.50 Arizona 2,200 2.00 10.00 - Colorado 1,100 2.00 - - Utah
Slide 18: Texas
Texas Active in lease acquisition of uranium resources in the niche state of Texas 5.2 million lbs historical resources based on extensive drill data, competitive position for new ISL project in Texas Acquired historical databases to support lease acquisitions 100+ years of technical and lan
Slide 19: Texas / Historic Deposits
Texas / Historic Deposits South Texas Uranium Trend Hosts 31 historic or current uranium deposits 26 of these are and have been ISL amenable deposits Uranium Energy Corp is actively pursuing acquisitions throughout this trend Texas has produced 76 million pounds of U3O8 since 1961.
Slide 20: Texas / Goliad Project
Texas / Goliad Project Advanced Stage Project, all prior databases acquired, 190,000 feet of delineation drilling (400 holes) performed by Moore Energy and Coastal States Most aggressive uranium exploration program in Texas, drilling ongoing with five rigs mobilized, 60,000 feet in additional co
Slide 21: Goliad Project historic resource map
AS OF NOVEMBER 1983: L6SL000 LBS. ‘AS OF JUNE 1984: 2.588.380 LES. AS OF SEPTEMBER 1964: 4440000 LBS. AS OF MARCH 1985: 5.207450 18S. Goliad Project Goliad Country \
Slide 22: Texas / Goliad Project
Texas / Goliad Project Four Zones of Mineralization 4 Sands from depths of 90 to 450 feet Each Sand averages 14-feet in thickness Average grades of 0.076% Partial drill hole location map at Goliad Project
Slide 23: Texas / Goliad Project / History and Geology
Texas / Goliad Project / History and Geology ISL amenability indicated The Goliad project is hosted by a tertiary Goliad formation and historically has been a rich source of uranium ISL projects including past and current operations such as Union Carbide’s Palangana, Everest’s Mount Lucas, URI’s
Slide 24: Wyoming / Overview
Wyoming / Overview 5 million lbs potential resources in Shirley Basin 500,000 lbs historical resources in Wind River Basin Drill data acquired from Kirkwood Oil and Gas for Wind River Basin 50 years of accumulated exploration data Field office in Casper
Slide 25: New Mexico
New Mexico Second largest uranium reserve in the United States, according to US Department of Energy 1.5 million lbs of drill-indicated uranium resources in 2 properties Drilling permit granted for the Company’s third drill program at West Ranch property Albuquerque exploration and developme
Slide 26: Arizona / Overview
Arizona / Overview Substantial land position and historic resources base Oklahoma Public Services drill data indicates several million lbs of historical resources in the area of our claims in Artillery Peak District Claims on trend with 50-million- lbs Anderson Mine deposit Additional claim
Slide 27: Arizona / Overview cont’d
Arizona / Overview cont’d Experience developing mines in Arizona Political and regulatory success on Sanchez Mine open pit copper mine Team members instrumental in successfully permitting the Black Canyon open pit mica mine located in Yavapai County, Arizona. Permitted and constructed processi
Slide 28: Objectives and Milestones
Objectives and Milestones 2006 Approval to install monitor wells, in preparation for mining permit in Goliad county Commence environmental and permitting studies (ongoing) Ongoing acquisition program in Texas, Wyoming and New Mexico 2007 Drilling program to continue in South Texas Mine permitti
Slide 29: In-Situ Leach Uranium Mining
In-Situ Leach Uranium Mining In-Situ Leach (ISL) mining represents the future of US uranium mining All existing US uranium production is by way of ISL mining According to the World Nuclear Association, 21% of global uranium production in 2004 was by ISL mining ISL mining has several advantag
Slide 30: Typical In-Situ Leach Well Field
* INJECTION WELL ® PRODUCTION WELL A PRODUCTION ZONE MONITOR WELL @ OVERLYING AQUIFER MONITOR WELL ®@ UNDERLYING AQUIFER MONITOR WELL elebolole]elolele ° e ° ° e 2 e ° ° ° ° eolelol el eleleeeleo 4 Typical In-Situ Leach Well Field ION EXCHANGE COLUMN URANIUM IN MONITOR WELL SOLUTION URANIUM ct INJEC
Slide 31: In-Situ Leach Uranium Mining cont’d
In-Situ Leach Uranium Mining cont’d Uranium Energy Corp believes ISL mining will be integral to the development of nuclear energy over the next few decades Complete lack of ISL contracting services in the US Uranium Energy Corp is capitalizing on this opportunity by becoming the first and only
Slide 32: Trading Information
Trading Information United States Ticker: URME - OTC Bulletin Board Average daily trading volume: 66,000 Germany Ticker: U6Z Exchanges: Berlin, Frankfurt, Munich, Stuttgart Average daily trading volume: 40,000
Slide 33: Capitalization
Capitalization Shares Outstanding Basic: 34.6 million Options: 4.2 million Warrants: 5.2 million Fully-diluted: 44.0 million Unrestricted: 7.3 million Cash Position Cash on hand: $15.2 million Options exercisable: $2.8 million Warrants exercisable: $13.4 million Fully-diluted:
Slide 34: Investment Highlights
Investment Highlights $600 Shares remain the least expensive among near- Market Cap (USD) $546.9 $500 term US producers (see chart: right) $400 Operating team with $300 demonstrated and proven record in designing, $200 $235.3 building and operating ISL uranium mines in the $100 $123.9 USA and gl
Slide 35: Uranium Energy Corp
UEC Uranium Energy Corp URME : OTCBB Developing Alternative Energy for America