NYSE American Symbol – UEC
CORPUS CHRISTI, TX,
Sept. 25, 2018 /PRNewswire/
- Uranium Energy Corp (NYSE American: UEC, the "Company" or
"UEC") is pleased to announce USA TODAY published an Op-Ed on
September 20, by UEC Chairman
Spencer Abraham titled "Domestic
uranium necessary for national security, healthy nuclear energy
programs." Mr. Abraham is a former U.S. Secretary of Energy
and U.S. Senator.
In the USA TODAY piece,
Secretary Abraham expresses the need for a healthy U.S. uranium
industry, its importance for national security, and the risks the
country is facing from overdependence on foreign uranium.
He also applauds the current administration in their actions to
implement constructive policies aimed at rebuilding and maintaining
a vibrant domestic uranium and nuclear power industry.
The following is provided with the permission of USA TODAY.
USA TODAY
Domestic uranium is necessary for national security, healthy
nuclear energy programs
Spencer Abraham | Opinion
contributor
Published 7:00 a.m. ET Sept. 20, 2018
America used to export uranium, but now it is dependent on
other countries. In order to protect ourselves, we need to increase
uranium mining.
When I served as Energy secretary under President George W. Bush, our administration was deeply
concerned that over 50% of our oil was imported, with much of it
coming from unstable places. We considered this a major national
security matter.
Today, that national security concern has been solved through a
combination of American ingenuity, technology and fully embracing
our abundant natural resources. But now, we face a similar national
security challenge. The U.S. nuclear fleet, generating 20% of this
country's electricity (and about 60% of our carbon-free energy) has
become almost entirely dependent on foreign uranium, much of it
from countries with elevated geopolitical risks.
At its peak in 1980, U.S. uranium production stood at 43.7
million pounds, enough to supply all of our U.S. reactors and a
substantial portion of our allies' requirements.
In 2017, U.S. uranium production was less than 2.4 million
pounds, accounting for about 5% of the nation's requirements, even
though our uranium reserves are sufficient to meet our domestic
demand.
Please click here: https://usat.ly/2PQfx3K for the full
article.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and
exploration company. The Company's fully-licensed Hobson
Processing Facility is central to all of its projects in
South Texas, including the
Palangana ISR mine, the permitted Goliad ISR project and the
development-stage Burke Hollow ISR project. In Wyoming, UEC
controls the permitted Reno Creek ISR project. Additionally, the
Company controls a pipeline of advanced-stage uranium projects in
Arizona, Colorado, New
Mexico and Paraguay, and a
large, high-grade titanium project in Paraguay. The Company's
operations are managed by professionals with a recognized profile
for excellence in their industry, a profile based on many decades
of hands-on experience in the key facets of uranium exploration,
development and mining.
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein,
the information presented in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian laws.
These statements relate to analyses and other information that are
based on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any other statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans, "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and should be
viewed as "forward-looking statements". Such forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors
include, among others, the actual results of exploration
activities, variations in the underlying assumptions associated
with the estimation or realization of mineral resources, the
availability of capital to fund programs and the resulting dilution
caused by the raising of capital through the sale of shares,
accidents, labor disputes and other risks of the mining industry
including, without limitation, those associated with the
environment, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction
activities, title disputes or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements contained in
this news release and in any document referred to in this news
release.
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SOURCE Uranium Energy Corp