Uranium Energy Corp Files S-K 1300 Technical Summary Report for Shea Creek Project in Saskatchewan
This TRS filing for Shea Creek is the first Saskatchewan resource estimate reported by the Company since its acquisition of UEX Corporation (“UEX”) in August of 2022.
Combined Shea Creek resources of 95.63 million lb. U3O8 on a consolidated basis are comprised of 67.57 million lb. at 1.491% U3O8 in the indicated resource category and 28.06 million lb. at 1.015% U3O8 in the inferred category, respectively.
UEC attributable share of combined resources are 46.95 million lb. U3O8, comprised of 33.18 million lb. indicated and 13.78 million lb. inferred (Table 1).
Corpus Christi, TX, January 12, 2023 – 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 updated mineral resources for the Company’s Shea Creek Project (the “Project” or “Shea Creek”). UEC indirectly owns 49.0975% of the Project and Orano Canada Resources (“Orano”) owns the remainder and is the Project operator.
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 (the “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; and
The mineral resource estimate set forth in this TRS for the Shea Creek Project have not previously been reported under the S-K 1300 format.
The TRS was prepared under S-K 1300 and was filed on January 11, 2023 with the SEC through EDGAR on Form 8-K and is also available on SEDAR as a “Material Document” filed on January 11, 2023. The TRS was prepared on behalf of the Company by Mr. James Gray, P.Geo., of Advantage Geoservices Limited, Mr. David Rhys, P.Geo., of Panterra Geoservices Inc., and Mr. Chris Hamel, P.Geo., UEC’s Vice President Exploration, C