Market Overview

Uranium Energy Corp Acquires Burke Hollow Project in South Texas


Uranium Energy Corp. (NYSE: UEC) is pleased to announce that it has acquired the rights to explore for uranium on the Burke Hollow Project, a 17,510-acre property located in eastern Bee County, Texas (the "Project"). The previously explored project is situated on the Goliad trend within the prolific South Texas Uranium Belt, and is located approximately 50 miles to the southeast of the Company's Hobson uranium processing facility.

Amir Adnani, President and CEO, stated, "The Burke Hollow Project makes a significant addition to our expanding hub-and-spoke production strategy in South Texas. The exploration conducted by Total Minerals on this project in the 1990s demonstrated strong intercepts, and we are planning an aggressive drilling program to commence within the next sixty days.

17,510-Acre Property is the Newest Addition to the Company's South Texas Hub-and-Spoke Production Strategy

Property Previously Explored by Total Minerals, 11 of the 12 Widely Spaced Drill Holes Intersected Mineralization

Company Plans to Launch Drilling Program with Six Rigs in 60 Days

Geologically On-trend with Several Historic and Two Active In-Situ Recovery Mines

Posted-In: News Commodities M&A Markets


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