Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Goliad deposit, Goliad County (ISL)
Uranium exploration/mining in Goliad is being opposed by Uranium Information at Goliad (UIAG).
Goliad County commissioners want uranium mining activities in Goliad County to "cease and desist" until the mining company is brought into total compliance with recently discovered violations. On Apr. 9, 2007, the commissioners court unanimously approved sending what commissioner Jim Kreneck called a "demand" letter, telling the Texas Railroad Commission to instruct Uranium Energy Corporation to stop mining activities. (Victoria Advocate Apr. 10, 2007)
Uranium Energy Corp. failed to plug all drilling holes and to bury all drilling mud, cuttings, cement and other debris under no less than a foot of topsoil, the Railroad Commission of Texas said when it issued a notice of violation to the company. The notice of violation followed the inspection in early March, which was prompted by a complaint from James B. Blackburn Jr., representing Goliad County. "The complaint, received Feb. 6, 2007, alleged that UEC was not disposing drill fluids and potentially harmful cuttings in accordance with ... the permit, and that (these) activities were adversely impacting the area groundwater resources," the railroad commission noted. (Victoria Advocate Apr. 4, 2007)
I like to analyze a company carefully and sometimes is funny how "PEOPLE react. having made my money on Construction and building homes I know inspectors of any kind are hard to please. One time an inspector did not passed me the inspestion because one of the workers was "standing too close to the cement truck" I swear. So having said that URANIUN is a NATURAL ELEMENT which in fact is found in tiny proportions in any rock that came out of any eruption of a volcano. It is in the process of enrichment that URANIUM expells dangerous amounts of radiation not naturally.
At the same time it is rather amazing that people get so scared for a "warinign upon inspection" and yet some investors poured a lot of money on a company that won a contract to process oil in Iraq. Aparently they did not put any attention that even Halliburton is trying to get out because the price of hiring people there is unbelievable and security is almost impossible after all takes a grenade to blow out whatever you just built. So since URME has the properties in the GOOD USA I think there is much less risk. They have also contracted the right people so hopefully they start doing the right thing plus they are about to close on that other deal. It will pick up
How do you know that??? Doesn't surprise me though....that's all part of the MO.... BIPH has been going to uplist to Amex for about 4 years!!!! LOL!!!!
URME has applied and is awaiting approval to list its shares on AMEX.
Funny how these guys find conspiracy theories all over the place when they hear something negative....but don't find chit on the con men..... For instance, naked shorters abound when the stock goes down, but disappear when a stock goes up??? And on and on and on.......
>>the guy is a total basher/shorter with zero credibility.<<
No, you have zero credibility. Lemon's reports are public in real-time. His track record speaks for itself.
>> He's a big promoter for naked short sellers.<<
Maybe, but do you have a shred of evidence to support that assertion? ... That's what I thought.
>> You can see exactly what happened yesterday when his garbage came out .... and then when prople saw who it was... he's covered now<<
Again, any evidence? Typically, after a Lemon report comes out on a stock, the stock will tank and then come right back and sometimes even go higher. Perhaps he is covering. However, I think a more plausible explanation is that when Lemon slams a stock, the promoters go into overdrive to jam it back up. If they didn't and the stock continued to slide, the price action would validate Lemon's accusations in the eyes of the public, and their precious promotion would die prematurely.
You short-conspiracy nuts are a hoot. It doesn't bother you in the least that dozens of websites openly flog crappy stocks and are paid to do so. And the vast majority of these otc stocks are exactly that, crap. Yet a short seller, someone who discloses his positions, puts out factual information and you start looking for the grassy knoll.
gillies....Even if you are right, and I think you are totally wrong....why risk it??? Can you offer any defence for URME and the people mentioned or do you just attack the writer as a "basher"???? Too many honest plays out there to waste time playing with crooks....even if only "accused" crooks... Plus I think Stocklemon has a good record of targeting crap companies....
But...... the guy is a total basher/shorter with zero credibility. He's a big promoter for naked short sellers. You can see exactly what happened yesterday when his garbage came out .... and then when prople saw who it was... he's covered now
Andrew Left is the guy behind stocklemon, now to be found at http://www.citronresearch.com/.
The DD looks pretty solid to me. I saw a Harold Baines Vancouver Sun article on these guys also.
BOy this is dangerous. I could not believe it. I was sold on URME. On this one I admit that I was wrong. I sold everything. Thank God did not lose on this one and I know people will prefer to listen the hype, the promises but if it walks like a duck, it talks like a duck it is a f....duck.
SeekingAlpha
Why You're Better Off Without Uranium Energy Corp.
Thursday April 5, 5:48 am ET
Andrew Left (StockLemon.com) submits: Vancouver stock promoters have decades of experience spinning stories of riches in mineral resources that never seem to materialize. As uranium prices increase, promoters have a fresh opportunity to sell the blue sky and dreams of easy money those unwary enough to buy unknown stocks without doing their homework.
ADVERTISEMENT
Uranium Energy Corp is just that stock. With a shareholders list that looks like a who’s who of the Vancouver penny stock market, URME has spent almost as much money of stock promotion as they have on exploration property acquisitions. Uranium Energy has zero revenues and zero proven mineral reserves. This report focuses on management, stock ownership, and an evaluation of the assets of the company.
There are penny stocks associated with numerous officers and directors of URME; it would take pages to list them all. For focus, lets begin with the founders and organizers of the company as stated in their filings.
Who are the major officers?
Alan Lindsay – Chairman of the Board, URME
Amir Adnani — CEO
The corporate office address for URME is 320-111 W. Hastings St, Vancouver. That is also the address of CEO Amir Adnani’s other business: Blender Media.
In our experience, whenever a company shares its office with an IR Firm and the CEO of the company is also CEO of the IR firm, a stock promotion looks to be in place.
Grant Atkins — Former CFO and one of URME’s initial founders
What do these five companies – three resource companies, and two biotechs, have in common?
Answer: They all used to have share prices quoted in dollars, and now in pennies.
Who are the Major Shareholders ?
In URME’s most recent 10-K we read about the influence of Golden West Investments, a control shareholder with its 3,250,000 shares of stock (9.2%). Golden West owns enough stock to affect the board of directors and control the business affairs of URME …. yet investors do not know who Golden West is.
Golden West is a Belize Corp. with an address in Turks & Caicos Islands. It principal owner is Rising Sun Capital, another Turks & Caicos company. Both companies have ties to Vancouver and ties to many failed resource deals that all trade in the pennies.
The other major shareholder is Isaiah Capital Trust, which owns 2.7 million shares (7.7%). Isaiah is a company based out of the Channel Islands. The signer for Isaiah is Equity Trust out of Jersey Island. Yet, back in older filings you will see that Isaiah is for the benefit of Sandra Corin. We have discovered that Sandra Corin is the sister of Chairman Alan Lindsay.
So we are supposed to believe that the chairman’s sister owns more stock than he does and she keeps it in a tax haven offshore account. It is our opinion that this is an intentional omission, left out of every single company filling, and a glaring Sarbanes Oxley violation. It goes right to the credibility of the company. All this while Mr. Lindsay certified to the SEC that he does not control any other stock of the company.
Who Are The Promoters?
On March 1, 2006, URME entered into a “corporate relations consulting agreement” with Michael Bayback. Mr. Bayback is paid $5,000 a month and was granted 500,000 warrants exercisable at $1.00 – currently valued at over $3,000,000. Michael Bayback has a history. It is best for readers to see for themselves from the pages of Time Magazine, the relationship between Bayback and previous resource deals.
Uranium Energy also has a consulting services agreement with International Market Trend AG [IMT]. IMT received 1.3 million options at .50 cents – current value over $8,500,000 — plus $10,000 per month in cash. These are they guys who get those buyers in Germany. IMT is the operation of Brent Pierce. Mr. Pierce is currently banned by the British Columbia Securities Commission.
Pierce’s wing man on these deals has been former URME director and control person Grant Atkins. Pierce was also involved in a slew of other penny stocks that are all trading less than 50 cents.
Recent News
In a press release dated April 2, 2007 the company welcomes “veteran Wall St. Investment Banker Ivan Obolensky to its board of directors.”
Obolensky has not done a great job picking his board seats. He is also on the board of highly controversial Hienergy Tech (Other OTC: HIET.PK - News) (.005c), which was sued for fraud by its shareholders.
What are the assets of the company?
Above all, URME has zero proven reserves. They put out press releases that discuss historical reserves, but that is nothing but jargon, words on a paper that hold no value in the company’s financials.
Their premiere exploration project is in Goliad County, Texas, for which the company paid $50,000 down, and a further $150,000 cash after they had time to raise the cash. They also paid 1,000,000 shares of restricted stock to Moore Energy, even though this property has no significant operating history to be so valued.
On April 2, the company announced the acquisition of yet another uranium exploration tract. Terms were not released. If past pattern holds, it will be for very little cash and yet more restricted stock. We read that in the vicinity are or were operations of “Kerr McGee (now Anadarko Petroleum (NYSE: APC - News)), Homestake Mining (now Barrick Gold (NYSE: ABX - News)), Phillips Petroleum (now Conoco Phillips (NYSE: COP - News))…” Yet these highly competitive resource investment companies all let this nugget slip through their fingers for years…?
For all the acquisitions and press releases, the company has paid out just over $5 million since inception for resource properties. The vast majority of that has been in restricted stock, rather than cash.
This barely exceeds the sum the company has laid out for stock promotion services!
Meanwhile the outstanding share count has nearly doubled in the last 15 months. With a market cap currently exceeding $260 million, that translates to an investor receiving .02c of resource rights – at the prices the company paid — for each dollar of stock purchased. (See the URME Stock Table)
So if they don’t have Uranium producing properties, what do they have?
The company touts the value of its “secret sauce”: “one of the largest historical uranium exploration and development databases in the US.“
Their first, the “Knupke” database, was acquired for $2,000 per month plus 18,750 restricted shares, plus an additional 12.500 shares each quarter for the subsequent 3 years. This is presumably their big strategic advantage.
The database is “so valuable” that they sold it off to another small company for $500,000 — in stock.
Conclusion
We could go on for pages about this one, but it is always best to leave some for Part 2. When will stock promoters ever choose a company that has some accountability to its financials? Whether it be biotech, mining, or energy exploration, Vancouver seems to have an endless supply of dreams to sell to unsuspecting shareholders.
tHIS IS huge, WITH THIS GREAT PURCHASE THEY DOUBLE THEIR RESOURCES, PROVEN RESOURCES AND ONCE RESULTS OF THE DRILLING ARE ANNOUCE IT SHOULD REACH AT LEAST $12 DOLLARS BEFORE RESULTS ARE ANNOUCED, WHAT DOES EVERYBODY ELSE THINK.
Uranium Energy Corp to Acquire Past-Producing Ann Lee and Sandstone Uranium Mines in New Mexico
Tuesday April 3, 9:00 am ET
New Acquisition to Yield Significant Historical Uranium Resources, and Prior Mining and Exploration Data
AUSTIN, TEXAS--(MARKET WIRE)--Apr 3, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) has entered into an agreement with Spider Rock Mining, a private company, to acquire 8,500 acres under the administration of the U.S. Bureau of Land Management within the heart of the Ambrosia Lake Mining District, in the state of New Mexico. As part of the agreement, the Company will also acquire historic production information covering most of the property. The agreement is subject to a 30-day due diligence period.
ADVERTISEMENT
The acquisition is the site of over 8.5 million pounds of historical underground uranium production, primarily from the Ann Lee and Sandstone Mines, and is contiguous to the current uranium resource holdings of BHP Billiton. The Ambrosia Lake District includes some of the largest past-producing uranium mines in the U.S., operated at the time by Kerr McGee (now Andarko Petroleum), Homestake Mining (now Barrick Gold), Phillips Petroleum (now Conoco Phillips), and United Nuclear Corp. A substantial amount of production, development and exploration work has been completed on this property by these companies.
The Ann Lee Mine was operated by Phillips Petroleum from 1958 to 1963, and by United Nuclear Corp from 1963 through 1980. Over 5 million pounds of uranium were produced at an average grade of 0.2%. The Sandstone Mine was operated by United Nuclear Corp from 1959 through 1980. Over 3.5 million pounds of uranium were produced at an average grade of 0.17%. The uranium was mined from five ore zones within the Westwater Canyon member of the Morrison Formation, and the ore zones were approximately 6 feet thick with grades up to 0.56%.
Concurrent with the closing of this acquisition and the due diligence period, the Company is pursuing the acquisition of additional uranium production and exploration data covering the property. Company geologists are also actively reviewing underground "working" maps of the Sandstone and Ann Lee Mines to establish remaining uranium resources. These findings are anticipated to be ready upon the final closing of the acquisition within a month. At that time, an estimate of the total historically drill-indicated uranium resources for this acquisition will be announced.
About Uranium Energy Corp
Uranium Energy Corp (OTC BB:URME.OB - News) is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISR uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contact:
Contacts:
Uranium Energy Corp
Contact North America
Investor Relations
Toll Free: 1-866-748-1030 or (604) 682-9775
(604) 682-3591 (FAX)
Email: info@uraniumenergy.com
Website: http://www.uraniumenergy.com
Something Big about to Happen
Uranium Energy Corp Announces the Appointment of Veteran Wall Street Investment Banker Ivan Obolensky to its Board of Directors
Monday April 2, 9:00 am ET
AUSTIN, TEXAS--(MARKET WIRE)--Apr 2, 2007 -- Uranium Energy Corp (OTC BB:URME.OB - News)(Frankfurt:U6Z.F - News)(Berlin:U6Z.BE - News) announces the addition of Ivan Obolensky to the Company's board of directors effective immediately.
Ivan Obolensky has 40 years experience in the investment banking business as a financial analyst, with specific expertise in the defense aerospace, oil and gas, nuclear power, metals and minerals, publishing and high technology industries. He has been an executive of several investment banks, including Sterling Grace & Co., Jesup, Josephthal & Co., Dominick and Dominick, Inc., Middendorf Colgate, and CB Richard Ellis Mosley Hallgarten. Currently, Mr. Obolensky is a Vice President of Shields & Company, an Investment Bank and Member of the New York Stock Exchange.
Ivan Obolensky is a Registered Investment Advisor and a member of the New York Society of Security Analysts. He has made frequent appearances as a guest on CNBC, CNNfn, and Bloomberg TV. Mr. Obolensky is also a member of various foundations and philanthropic organizations, and serves as Chairman and CEO of the Soldiers' Sailors' Marines' and Airmen's Club in New York. He is a graduate of Yale University and a retired Lieutenant (Junior Grade) in the U.S. Naval Air Corps.
The Company also announces that it has accepted the resignation of Bruce Horton from the board of directors at this time. Uranium Energy Corp wishes to thank Mr. Horton for the essential service he provided to the Company.
About Uranium Energy Corp
Uranium Energy Corp (OTC BB:URME.OB - News) is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISR uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contact:
Contacts:
Uranium Energy Corp
Contact North America
Investor Relations
Toll Free: 1-866-748-1030 or (604) 682-9775
(604) 682-3591 (FAX)
Email: info@uraniumenergy.com
Website: http://www.uraniumenergy.com
I agree... can't imagine paying 7-8 bucks for historical claims... while GLXI has the mother load up in Grenville.
dog - imagine if urme people put their profits into glxi when you told them back on 3/8 - they would be rich already!
Nice gains here... are you aware of this one? Do yer DD...
GLXI at .20 - .25
Posted by: neilhk
In reply to: neilhk who wrote msg# 5907 Date:3/8/2007 6:27:04 AM
Post #of 6027
Company Valuation Comparison: Uranium Energy Corp: URME – OTCBB
Been looking at URME, for comparison purposes with GLXI. Have not gone into a lot of detail but many key points seem comparable.
If you check out the chart it has had a crazy year, Current share price $8.50 :)
• Started trading on OTCBB in February 2006.
• Fully reporting (but so will GLXI be soon) see last PR.
• Similar share structure, but larger float than GLXI (3.8 million float).
Authorized: 750,000,000 shares
Outstanding: 28,327,338 shares
Float: Less than 10 million (from a poster on URME Board)
• URME production will not start until 2009. GLXI much sooner (within month).
• URME has 12.9 million pounds of historic uranium resource. May have more once their surveys are completed.
Keep URME in mind for when we find out more about GLXI’s probable reserves of uranium, when the full geological report is published. We cannot really assess the true potential value of GLXI until this info becomes available (+ potential of biofuels/ ethanol side of our business needs to be factored in of course:)
Extract from their website:
“UEC has acquired over 19,000 acres of property in six US states, containing 12.9 million pounds of historic uranium resources, with potential targets of 30.5 million pounds in additional resources being identified by the Company’s exploration databases. The Company’s foundation asset, located in Goliad County, Texas, has 5.2 million pounds of historically drill-indicated ISR-amenable uranium resources. This historical resource demonstrates potential to increase to over 15 million pounds. Development drilling and ISL mine permitting are ongoing with a view to commencement of ISR uranium production in 2009.”
GLTA
Thank you for sharing..!!
Take a look at some DD on this board, here's the link:
http://www.investorshub.com/boards/read_msg.asp?Message_id=16068992&txt2find=urme
Million
You bet....still holding some...thanks..
This stuff should be good for the next 10yrs. or so...
URME 6.37 x 6.39 remember your post of 2.87-2.90?
URME--Uranium Energy Corp Expands Goliad Technical Team With the Appointment of Larry Minter
2007-01-18 09:00 ET - News Release
AUSTIN, TEXAS -- (MARKET WIRE) -- 01/18/07
Uranium Energy Corp (OTCBB: URME)(FWB: U6Z)(BERLIN: U6Z) announces the appointment of Larry Minter as a Senior Geologist. Mr. Minter has over 30 years of experience with various facets of the uranium sector, including exploration, development, mining, environmental assessment and regulatory compliance. Mr. Minter has discovered and delineated uranium ore bodies in various geological settings throughout the southwestern United States. He is a Professional Geologist and received his MSc and BSc in Geology from Texas A&M University at College Station. He has been Adjunct Professor of Physical Geology and Environmental Geology at Austin Community College since 2001.
Mr. Minter's uranium exploration experience also includes significant prospect generation activities throughout the southwestern United States. He is also familiar and experienced with geophysical exploration techniques and technologies and has extensive experience supervising the drilling of hundreds of uranium exploration drill holes using a variety of different drilling methods.
Mr. Minter's regulatory and environmental experience for commercial, industrial and government clients spans 21 years. He has managed over 300 environmental projects, including major remediation projects. He provided expert testimony before the New Mexico Environmental Improvement Division related to mineral quality beneath proposed uranium tailings sites, and has authored numerous geological publications.
Mr. Minter's role with the Company will be to provide further expertise in the development of the Company's 100%-owned Goliad Uranium Project in South Texas. He joins the Company's technical team, already eminent in the uranium sector, and will specifically assist with ongoing resource delineation and expansion, as well as permitting operations, as the Goliad project continues to advance towards production.
About Uranium Energy Corp
Uranium Energy Corp (OTCBB: URME) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company' s periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts:
Uranium Energy Corp
Contact North America
(604) 682-9775 or Toll-Free: 1-866-748-1030
(604) 682-3591 (FAX)
Email: info@uraniumenergy.com
Website: www.uraniumenergy.com
International Market Trend AG
Contact Europe
+41.43.888.67.00
+41.43.888.67.09 (FAX)
URME Uranium Energy Corp Acquires Significant Uranium Exploration Database Covering Territory in New Mexico and Colorado
Market Wire - January 9, 2007 9:03 AM (EDT)
Uranium Database Inventory Continues to Grow to Industry-Leading 4.6 Million Feet of Drill Data
AUSTIN, TEXAS, Jan 09, 2007 (MARKET WIRE via COMTEX) -- Uranium Energy Corp (the "Company") (OTCBB: URME)(FWB: U6Z)(BERLIN: U6Z) announces another significant addition to its uranium exploration database inventory for New Mexico and the Colorado/Utah portions of the Colorado Plateau. The database consists of exploratory and development work compiled during the 1970s and 80s, including extensive data on significant prospects and projects in the following known uranium districts: Grants, San Juan Basin, Chama Basin, Moab, Lisbon Valley, Dove Creek, Slick Rock and Uravan.
This database includes: drilling and logging data from over 200,000 feet of uranium exploration and development drilling; resource evaluations and calculations; drill-hole locations and GT maps; competitor activity maps; as well as several dozen geological and project evaluation reports covering uranium projects in New Mexico, Colorado, Utah, Texas and California. These comprehensive reports will enable Uranium Energy Corp geologists to quickly assess uranium potential in various districts and to identify key land parcels for acquisition.
Uranium Energy Corp's library of uranium exploration and development databases is pre-eminent in the industry and contains over 4.6 million feet of drilling data on properties in 17 US states.
About Uranium Energy Corp
Uranium Energy Corp. (URME: OTCBB) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. Through the use of one the largest historical uranium exploration databases in the US, the Company has developed an ongoing acquisition program of advanced uranium projects. Uranium Energy Corp is developing its advanced Goliad Project in South Texas, with ISL uranium production projected to begin in 2009. The Company also has advanced uranium properties throughout the southwestern US, with all properties being previously explored by senior mining companies, and nearly all properties containing historically drill-indicated uranium resources. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts:
Uranium Energy Corp
Contact North America
Investor Relations
(604) 682-9775 or Toll-Free Voice: (877) 676-7183
(604) 682-3591 (FAX)
Email: info@uraniumenergy.com
Website: www.uraniumenergy.com
International Market Trend AG
Contact Europe
+41.43.888.67.00
+41.43.888.67.09 (FAX)
SOURCE: Uranium Energy Corp
mailto:info@uraniumenergy.com
http://www.uraniumenergy.com
Copyright 2007 Market Wire, All rights reserved
Uranium Energy Corp Doubles its Uranium Exploration and Development Database
Market Wire - December 6, 2006 9:02 AM (EDT)
Acquisition of Database Covers Over 1 Million Feet of Drilling, on Over 100 Properties, in 15 US States
AUSTIN, TEXAS, Dec 06, 2006 (MARKET WIRE via COMTEX) -- Uranium Energy Corp (OTCBB: URME)(FWB: U6Z)(BERLIN: U6Z) Uranium Energy Corp announces a significant expansion to its uranium exploration and development database, giving the Company increased access to uranium resources throughout the southern United States.
The recent acquisition includes the following data: drilling and logging data from over 1 million feet of uranium exploration and development drilling, resource calculation reports and various other geological reports, drill hole location maps and other strategic mapping. The data was originally compiled from 1972 to 1981 by various exploration companies, and covers over 100 uranium prospects in 15 southern US states.
Uranium Energy Corp's library of uranium exploration and development databases is pre-eminent in the industry and contains over 2.6 million feet of drilling data, on properties in 17 US states. This strategic library provides the Company's technical personnel with the precise locations of where historically drill-indicated uranium resources exist.
About Uranium Energy Corp
Uranium Energy Corp (OTCBB: URME) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
Very nice move on your part...looks like more to come..
Take care..
Yes, it did and I missed the it but am holding this for longer term anyway...like their properties and looking to 08 for production to maybe start...but I am not knocking that recent spike we had...GL
URME 2.87-2.90 had a good day.!
URME Uranium Energy Corp Increases Historically-Drill Proven Uranium Resources with Addition to South Texas Portfolio
Market Wire - November 21, 2006 9:06 AM (EDT)
AUSTIN, TEXAS, Nov 21, 2006 (MARKET WIRE via COMTEX) -- Uranium Energy Corp (OTCBB: URME)(FWB: U6Z)(BERLIN: U6Z) is pleased to announce the acquisition of 100% of the Nichols Project, with an historic resource of 1.2 million pounds of uranium, located in South Texas.
The Nichols Project consists of 900 acres, and is located within the heart of the historic Karnes County uranium mining district. Karnes County is immediately adjacent to Goliad County, the site of the Company's advanced Goliad Project operations. The property was originally developed by Texaco Uranium (now ChevronTexaco), and reportedly contains an historic resource of 1.2 million pounds of e-U3O8. Uranium Energy Corp is currently negotiating with a third party to acquire all or part of the Texaco exploration and development database associated with this deposit.
Data reviewed to date, including gamma logs from oil wells in the immediate area of the deposit, indicate that the ore body lies within the Tertiary age Jackson Formation, and occurs at an average depth of 440 feet. Texaco Uranium's plans to mine this deposit using In-Situ Leach (ISL) mining methods suggests that the geology of the property is amenable to this environmentally and economically superior technology.
Uranium Energy Corp has submitted an application with the Texas Railroad Commission for an exploration permit to allow a drilling program to verify the reported resource. This will be the Company's fourth planned drilling site in the United States, and the second in the state of Texas. Each drill program, including Nichols, has the objective of confirming historically drill-proven uranium resources, as well as expanding indicated uranium resources as suggested by the historical drilling databases in our possession, with a view towards developing mineable reserves.
About Uranium Energy Corp
Uranium Energy Corp. (URME: OTCBB) is a US-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. The Company is developing its advanced stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009. Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the US and through the use of these databases the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. For more information, please visit www.uraniumenergy.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts:
Uranium Energy Corp
Contact North America
Investor Relations
Toll Free: 1-877-676-7183
Email: info@uraniumenergy.com
Website: www.uraniumenergy.com
International Market Trend AG
Contact Europe
+41.43.888.67.00
+41.43.888.67.09 (FAX)
SOURCE: Uranium Energy Corp
mailto:info@uraniumenergy.com
http://www.uraniumenergy.com
Uranium Energy Corp Announces Phase I Drilling Results from its Goliad Project in South Texas
Tuesday September 12, 9:00 am ET
Early Drilling Provides Confirmation of Historically-Indicated Uranium Resources
AUSTIN, TEXAS--(MARKET WIRE)--Sep 12, 2006 -- Uranium Energy Corp (OTC BB:URME.OB - News)(FWB: U6Z)(Berlin:U6Z.BE - News) is pleased to announce the results of initial confirmation drilling at its 100%-controlled Goliad project in Goliad County, Texas. Drilling commenced on May 16, 2006 and is currently ongoing with two drilling rigs. The drilling program calls for 32,000 feet of drilling, consisting of 70 test holes, with a two-fold objective of (1) confirming the existing 5.2 million pounds of historically drill-indicated resources on the property, as defined by Moore Energy Corporation in the 1980s, and (2) extending historically identified mineralized trends.
ADVERTISEMENT
The Goliad uranium deposits and attendant mineralization occur across a wide geographic area within the basal sands of the Pliocene age Goliad Formation. To date, ore grade mineralization has been identified within four stratigraphically separate sands (the A through D Sands) from 100 feet in depth, to 400 feet in depth. Development drilling performed by Moore Energy in the 1980s consisted of fences spaced at 400-foot intervals, with holes along the fences spaced at 100 to 200-foot intervals. The mineralized zones within the four sands average 14 feet in thickness with ore grades ranging from 0.050% to 0.076% U3O8.
Uranium Energy Corp's confirmation drilling program was designed to offset known historic ore grade mineralization (ore grade mineralization being defined as grade multiplied by thickness - or a GT value greater than 0.30) within the A and D Sands, and to investigate a mineralized "open-ended" reduction/oxidation (redox) front in the D horizon. Geochemically, uranium precipitates and concentrates along these redox interfaces forming the traditional ISL amenable roll front type deposits as exhibited in the Goliad project area.
Eleven confirmation holes, totaling 5,950 feet, were completed on two key mineral leases, comprising the majority of the 5.2 million pounds defined by Moore Energy. These leases cover approximately 220 acres.
All holes were logged for resistivity, spontaneous potential and calibrated gamma. Gamma values were converted (Century Geophysical) to equivalent uranium (U308) percentages (grades).
Results of the Confirmatory Drilling
Three drill holes intersected A Sand GT values ranging from 0.092 to 2.752, and one D Sand test hole intersected a GT value of 0.612. These values were consistent with the geophysical logging information recorded by Moore Energy in the early 1980s.
Seven test holes were drilled to assess the continuation of a mineralized D Sand redox front. The holes were installed on three, north-south oriented "fences", along the projected extension of the D Sand front. The fences were 400 feet apart and the holes were drilled 200 feet apart along the fences (see figure). Strong mineralization (gamma activity greater than five times background) and geochemical alteration were encountered in each hole. These results indicate a continuation of the mineralization originally identified by Moore Energy. Additional drilling is planned to evaluate these areas.
The Table and Diagram below show results and locations of significant mineralization encountered during confirmation drilling in known ore zones:
---------------------------------------------------------------
---------------------------------------------------------------
Grade GT REDOX Sand
---------------------------------------------------------------
Hole ID (ft) %eU3O8 (ft)(%) Geochemistry Horizon
---------------------------------------------------------------
84 4 0.023 0.092 Reduced A Sand
---------------------------------------------------------------
85 43 0.064 2.752 Reduced A Sand
---------------------------------------------------------------
86 21.5 0.024 0.516 Reduced w/oxidation A Sand
---------------------------------------------------------------
83 9 0.068 0.612 Reduced w/oxidation D Sand
---------------------------------------------------------------
---------------------------------------------------------------
To view the Uranium Energy Goliad Project diagram, please click on the following link: http://uraniumenergy.com/nr18.htm
Uranium Energy Corp is proceeding rapidly to better define the historic resources that it holds in the Goliad project area through continued confirmatory and reconnaissance drilling and geophysical logging.
About Uranium Energy Corp
Uranium Energy Corp (OTC BB:URME.OB - News) is a US-based junior resource company focused on uranium exploration and development in the United States. The Company's mandate is to acquire historical uranium resources that can be quickly developed into producing uranium mines. Its management is comprised of prominent veteran mining and exploration professionals whose collective experience in the mining industry, specifically in the uranium mining sector, gives the Company substantial uranium mine-finding, mine development and production expertise. Uranium Energy Corp is well positioned to capitalize on the world's current significant alternative energy boom. Visit www.uraniumenergy.com for more information.
Uranium Energy Corp Acquires an Extensive Uranium Exploration and Drilling Database in the South Texas Uranium Trend
Wednesday June 7, 9:00 am ET
Fifth Significant Database Acquisition Increases Uranium Energy Corp's Exploration Data Inventory to Over 1.25 Million Feet of Drill Logs Across Four US States
AUSTIN, TEXAS--(MARKET WIRE)--Jun 7, 2006 -- Uranium Energy Corp (the "Company") (OTC BB:URME.OB - News) (FWB: U6Z)(Berlin:U6Z.BE - News) is pleased to announce that it has completed an agreement with Nueces Minerals Company of Dallas, Texas, whereby the Company has acquired copies of uranium drill logs from previous uranium exploration drilling projects covering a large area in the South Texas Uranium Trend.
The database consists of approximately 150,000 feet of drill logs from 366 drill holes. This drill data is expected to provide important regional geologic information as well as help locate mineralized zones within this area of the historical South Texas Uranium Trend.
Nueces Minerals Company is a privately-held oil and gas production company which owns the mineral rights to 72,000 contiguous acres covering portions of four counties in south Texas.
Uranium Energy now holds one of the most extensive US uranium exploration and development libraries in the industry. Access to this strategic and proprietary information will propel the Company's ability to identify and acquire advanced stage projects that have been subject to exploration and development in the past. This will further the Company's portfolio of projects and historic uranium resources.
About Uranium Energy Corp
Uranium Energy Corp (OTC BB:URME.OB - News) is a US-based junior resource company focused on uranium exploration and development in the United States. The Company has a mission to acquire historical uranium resources that can quickly be developed into producing uranium mines. Its management is comprised of veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, gives the Company substantial uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the world's current significant alternative energy boom. Visit www.uraniumenergy.com for more information.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contact:
Contacts:
Uranium Energy Corp
Contact North America
Investor Relations
Toll Free: 1-877-676-7183 or (512) 721-1022
(512) 721-1023 (FAX)
info@uraniumenergy.com
http://www.uraniumenergy.com
International Market Trend AG
Contact Europe
+41.43.888.67.00
+41.43.888.67.09 (FAX)
Uranium Energy Corp Announces the Appointment of 50-Year Veteran Mining Engineer and Geologist, John Nelson, as Senior Geologic Engineer
Thursday June 1, 9:00 am ET
Technical Team Expanded to Include 8 Eminent Uranium Professionals with Over 200 Years of Professional Uranium Experience
AUSTIN, TEXAS--(MARKET WIRE)--Jun 1, 2006 -- Uranium Energy Corp (the "Company") (OTC BB:URME.OB - News)(FWB: U6Z)(Berlin:U6Z.BE - News) is pleased to announce that it has made another significant addition to its industry-leading ISL uranium technical team with geologist, mining engineer and uranium specialist, John R. Nelson.
ADVERTISEMENT
Mr. Nelson is a Professional Geologist with 50 years experience, including 45 years as a mining engineer, and in particular, 20 years with uranium mining operations in the southern United States. Mr. Nelson has held senior mine management positions with prestigious mining companies that include: Kerr McGee Nuclear, US Smelting and Refining, Anaconda Minerals, United Nuclear Corp, Southern Peru Copper, and many others.
Mr. Nelson's scope of experience covers a wide spectrum of the mine cycle, including land tenure, exploration, mine design and engineering, permitting, mine construction oversight, mine management, ongoing environmental compliance, and mine reclamation.
John Nelson received his Bachelors Degree in Geology from the Texas Technical University, at Lubbock, Texas, and is registered as a Professional Geologist in the state of Wyoming. He is a Certified Uranium Mine Foreman in Wyoming.
Mr. Nelson's employment with Kirkwood Oil and Gas during the 1980s, as mine manager for uranium mining operations in Wyoming, is of particular interest to the Company. Uranium Energy Corp recently announced the acquisition of a uranium development database compiled by Kirkwood (please see news release dated May 18, 2006). Mr. Nelson brings his familiarity with this data, and the ground that it covers, into Uranium Energy Corp. He will be instrumental in interpreting the data and leveraging it to locate and acquire further historically drill-proven uranium resources in Wyoming.
Uranium Energy Corp President and CEO, Amir Adnani, comments on the appointment, "Uranium Energy Corp has consistently proven its ability to attract eminent uranium professionals. With John Nelson, we add further depth to our mine finding and mine development operations at the present time. A key objective of the Company is to draw together the best uranium operations team in the US."
About Uranium Energy Corp
Uranium Energy Corp. (URME: OTCBB) is a US-based junior resource company focused on uranium exploration and development in the United States. The Company has a mission to acquire historical uranium resources that can quickly be developed into producing uranium mines. Its management is comprised of veteran mining and exploration professionals eminent in the field of uranium. Uranium Energy Corp is well positioned to capitalize on the world's current significant alternative energy boom. Visit www.uraniumenergy.com for more information.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contact:
Contacts:
Uranium Energy Corp
Contact North America
Investor Relations
Toll Free: 1-877-676-7183 or (512) 721-1022
(512) 721-1023 (FAX)
info@uraniumenergy.com
http://www.uraniumenergy.com
International Market Trend AG
Contact Europe
+41.43.888.67.00
+41.43.888.67.09 (FAX)
URME Uranium Energy Corp closes private placement
M2 COMMUNICATIONS - May 26, 2006 6:04 AM (EDT)
Jump to first matched term
May 26, 2006 (M2 EQUITYBITES via COMTEX) -- Uranium Energy Corp (OTC BB:URME.OB; FWB:U6Z; Berlin:U6Z.BE), a junior resource company focused on uranium exploration and development, declared on 25 May the completion of a private placement resulting in the issuance from treasury of an aggregate of 2,500,000 units, at a subscription price of USD2.00 per unit.
The company received total gross proceeds of USD5m, which will be used to support budgeted exploration and development programmes and ongoing land and database acquisition through 2007.
Each unit is comprised of one common share and one-half of one non-transferable common share purchase warrant of the company.
According to Uranium Energy Corp, each whole warrant entitles the shareholder to purchase an additional common share of the company until the earlier of: 12 months from the date of issuance of the units; or six months from the effective date of the company's proposed registration statement, if any, pursuant to which the unit shares and warrant shares, if any upon exercise, will be qualified for sale by the shareholders. The exercise price of the warrants is USD2.50 per warrant share.
The company has paid an aggregate of USD329,700 in cash and 471,000 non-transferable common share purchase warrants, as finder's fees to certain arm's length parties in conjunction with the completion of the private placement.
Comments on this story may be sent to admin@m2.com
(C)2006 M2 COMMUNICATIONS LTD http://www.m2.com
URME Uranium Energy Corp Acquires Key Uranium Exploration and Development Database from Wyoming Energy Veteran William Kirkwood of North American Mining and Minerals Company
CCNMatthews - May 18, 2006 9:01 AM (EDT)
AUSTIN, TEXAS, May 18, 2006 (CCNMatthews via COMTEX) -- Fourth Significant Database Acquisition Increases Uranium Energy Corp Data Inventory to Over 1.1 Million Feet of Drill Logs Across Four US States
Uranium Energy Corp ("the Company") (OTCBB:URME)(FWB:U6Z)(BERLIN:U6Z) announces its acquisition of a comprehensive database of uranium exploration and development results covering an approximately 13,000-acre area in central Wyoming.
The database was compiled by William Kirkwood of North American Mining and Minerals Company ("NAMMCO") a significant player in the uranium, coal, gold and oil and gas industries in the western United States since the 1960s.
The data acquired was generated from exploration and development originally conducted by companies such as Homestake Mining, Kennecott Corp, Rampart Exploration, as well as Kirkwood Oil and Gas, largely between 1969 and 1982 - during the height of the previous uranium market expansion.
The database consists of drill hole assay logs for 470 holes, including 16,000 feet of drilling, 22,000 feet of gamma logs, drill hole location maps, cross sections, geological maps, geological reports, and other assay data. This material pertains to a 13,000-acre area within the uranium zone known as the Poison Spider area, located in central Wyoming. The area covered includes property already held by Uranium Energy Corp, as well as by other publicly-traded uranium development companies. Wyoming hosts the largest documented uranium reserves in the United States, equal to 582 million pounds, or 41% of all US reserves, according to the US Department of Energy.
Uranium Energy Corp currently has a claim block in the Shirley Basin, giving the Company approximately four million pounds of historically drill-proven uranium resources in the state of Wyoming. The Company will be planning a drill program in order to confirm mineralized trends indicated by historic exploration, while continuing an aggressive prospect acquisition program in these historically significant uranium districts.
About Uranium Energy Corp
Uranium Energy Corp (URME:OTCBB) is a US-based junior resource company with the near-term objective of uranium production in the United States. The company has a mandate to acquire historical uranium resources that can quickly be developed into producing uranium mines. Its management is comprised of veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, gives the Company over 200 years of uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the world's current significant alternative energy boom. See www.uraniumenergy.com for more information.
I was thinking we need an IPO board on I-hub, it's to hard to find new listings, got any thoughts or ideas...
Thanks for MCRE will Radar
I was fortunate to get 8.00 for 3/4 of my shares from 1.30, that was a nice quick pop.I have bought all back, got the dividend shares and am averaged around 2.00.
MCRE similar type IPO that opened a little while ago is one to watch also IMO.
~Rig
I've held off jumping back in just yet, but I am keeping an eye on her...
Sold quite a bit in the $6-$7 range
Headed right back up to that high with the forward spilt taken into account IMO~Rig
Uranium Energy Corp. Completes Acquisition of Key Uranium Database
Thursday April 20, 9:00 am ET
AUSTIN, TEXAS--(MARKET WIRE)--Apr 20, 2006 -- Covering One Million Acres and 10,000 Drill Holes in Texas, Wyoming and New Mexico.
The purchase of Moore Energy's 30-Year strategic database propels the Company's acquisition, exploration and development programs in highly prolific Uranium zones in the USA.
Uranium Energy Corp. (OTC BB:URME.OB - News)(FWB:U6Z)(Berlin:U6Z.BE - News)(WKN:AOJDRR)(ISN:US9168961038) (the "Company") has acquired a significant strategic database of US uranium exploration and development results from Moore Energy Corporation, a private Oklahoma-based uranium development and exploration company.
ADVERTISEMENT
The Moore Energy US uranium database consists of over 30 years of substantial uranium exploration and development information in the uranium-producing states of Texas, New Mexico, and Wyoming, originally conducted during the 1970s, '80s and '90s. The database has already been instrumental for the Company in identifying drill-proven uranium ore bodies, and in supporting the negotiation of joint ventures. It includes results of over 10,000 drill holes, plus primary maps, and geological reports. It covers approximately one million acres of prospective uranium claims, in the South Texas trend, New Mexico, and Powder River Basin, Wyoming, as well as previously-unknown uranium-bearing zones in Texas. The Moore Energy database positions the Company to become a leader in US uranium exploration and development.
The database also provides the Company with essential development data about its flagship Goliad Project in south Texas, including 250,000 feet of drill logs that define 5.2 million pounds of historic resources, and further delineates zones of potential to expand these resources significantly. It also contains significant drilling results from properties that are being developed by other uranium exploration companies, which are expressing interest in joint ventures, or strategic relationships.
Amir Adnani, CEO of Uranium Energy Corp., comments on the acquisition: "This acquisition delivers considerable value and time savings for our shareholders. We have the benefit of over 30 years of valuable uranium field experience data here, and an estimated saving of $9 million in exploration costs. These important assets are now being aggressively exploited by our technical team. This data gives us a tremendous competitive advantage in these regions and will deliver significant value to our shareholders as we begin to capitalize on this investment, not only in our current holdings, but for future exploration and development as well."
About Uranium Energy Corp.
Uranium Energy Corp. (OTC BB:URME.OB - News) is a US-based junior resource company with the near-term objective of uranium production in the United States. The company has a mandate to acquire historical uranium resources that can be quickly developed into producing uranium mines. The Company is managed by veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, brings together more than 180 years of uranium mine-finding and uranium mine development expertise. Uranium Energy Corp. is well positioned to capitalize on the world's first significant alternative energy boom. See www.uraniumenergy.com for more information.
Had a print at $11 then closed at 6.00/7.00
Bush calls for nuclear construction by 2010
Mon Feb 20, 4:28 PM ET
US President George W. Bush warned that US dependency on oil left the country "hostage" to countries that may be hostile and urged new nuclear plant construction by 2010.
"Some of the nations we rely on for oil have unstable governments, or fundamental differences with the United States," he said during a trip here, without naming the countries to which he was referring.
"These countries know we need their oil and that reduces influence. It creates a national security issue when we're held hostage for energy by foreign nations that may not like us," said Bush.
Drawing on the examples of France, China, and India, the president pushed a 1.1 billion dollar program to promote the construction of new nuclear power plants, something the United States has not done since the 1970s.
"We ought to start building nuclear power plants again. I think it makes sense to do so. Technology is such that we can do so and say to the American people, these are safe -- and they're important," he said.
http://news.yahoo.com/s/afp/20060220/pl_afp/uspoliticsenergybush_060220212845
Shout,
Thanks for the insight...
Peter
Time & Sales for Firday Notice this>>
Price Size Exch Time
3.50 500 OBB 14:20:28
3.25 500 OBB 14:19:37
3.00 900 OBB 14:19:36
3.25 125 OBB 13:33:09
3.25 100 OBB 13:30:36
2.35 500 OBB 13:22:41
2.00 100 OBB 13:22:03
2.00 500 OBB 13:22:03
2.00 500 OBB 13:21:32
1.80 500 OBB 12:57:27
1.50 500 OBB 11:44:23
1.50 500 OBB 11:42:48
1.25 60000 OBB 11:28:16
1.25 60000 OBB 11:27:24
1.31 10000 OBB 11:21:24
1.25 40000 OBB 11:21:18
1.28 10000 OBB 11:19:29
1.28 10000 OBB 11:19:29
1.28 2000 OBB 11:19:23
1.28 500 OBB 11:18:36
1.28 500 OBB 11:18:36
1.31 10000 OBB 11:18:25
1.28 2500 OBB 11:18:11
1.28 2500 OBB 11:18:11
1.28 5000 OBB 11:17:24
1.28 5000 OBB 11:17:23
1.30 1000 OBB 11:12:59
1.30 1000 OBB 11:12:42
1.30 1000 OBB 11:12:14
1.30 1000 OBB 11:12:14
This basically started trading at 11:00 and had these large trades that stayed in between 1.25-1.50, after 11:30 all it took were 100-500 share size blocks to run this. It might be possible these first large blocks were just MM's shuffling shares, if you take out all of the 5000+ share blocks in the first 20 minutes then only 20,000 shares traded hands...
Any thoughts
To be honest I'm not sure where this will go from here, it traded very thinly on Friday, other than some very large trades which might have just been MM's moving shares, this really did not get a lot of attention but after 11:30 all it took were 100-500 share blocks to send this off to th races. I know the float is at least under 10 million shares but maybe it is even lower. I'd keep my eye on this one
It only took 500 shares of my initial order, after that I just watched
Shout, it's amazing. Do you own any shares? Is it worth getting in at this price, thanks!
peter
News out 3:35 p.m. Nice Day / wide spread
Yes sir, started trading at $1.25 at 11:00
Shortbutlong,
Am I looking at the quotes correctly? It was up $2.50 on the first day trading on otc? Where did it trade before? TIA
PETER
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
100
|
Created
|
02/17/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |