CORPUS
CHRISTI, Texas, March 29,
2023 /CNW/ - Uranium Energy Corp (NYSE
American: UEC) ("UEC" or the "Company") is pleased to announce that
Scott Melbye, UEC's Executive Vice
President, has been re-elected to serve another term as President
of the Uranium Producers of America ("UPA").
Amir Adnani, President and CEO
stated: "We congratulate Scott on his re-election to the position
of President of the UPA. His re-election marks his third term as
President and is a tribute to his long-standing reputation of
excellence and leadership in the uranium industry. UEC's industry
leadership is a result of our team's dedication to high-performance
standards associated with the nuclear fuel industry. Their
excellence and decades of experience serves the Company well and
provides a solid foundation for our future growth and success."
Scott Melbye, Executive Vice
President stated: "I am honored to serve again as UPA President
during this exciting time in our industry where so much bipartisan
support exists for clean, carbon-free nuclear energy. The key focus
of our organization is to continue emphasizing the importance of a
revitalized U.S. uranium industry, especially in light of world
events with Russia in Ukraine, and Chinese threats to Taiwan. Absent a robust domestic
production industry, America's critical and strategic mineral
requirements, including uranium, are increasingly vulnerable to
supply disruptions."
Mr. Melbye continued: "About 20% of U.S. electricity is produced
by nuclear energy, yet we are importing almost 60% of our uranium
requirements from former Soviet
Union countries, including Russia, Kazakhstan and Uzbekistan. The UPA members are all taking
major steps through their American operations, investments, and
workforces to help reduce that dangerous reliance with the highest
standards of health, safety and environmental stewardship."
The UPA was founded in 1985 to promote a sustainable and strong
domestic uranium and conversion industry while being
environmentally sensitive to surrounding communities where they
operate and reside. The UPA supports policies that will ensure
United States energy independence
and national security with domestic uranium serving as a prominent
and stable component of those goals. The UPA is committed to
working with Congress and the Administration to develop long-term
energy solutions that will provide a sustainable and stable
domestic supply of uranium.
About Uranium Energy
Corp
Uranium Energy Corp is the fastest growing supplier of the fuel
for green energy transition to a low carbon future. UEC is the
largest, diversified North American focused uranium company,
advancing the next generation of low-cost, environmentally friendly
In-Situ Recovery ("ISR") mining uranium projects in the United
States and high-grade conventional projects in Canada.
The Company has two production-ready ISR hub and spoke platforms
in South Texas and Wyoming, anchored by fully
licensed and operational central processing plants. UEC also has
seven U.S. ISR uranium projects with all their major permits in
place. Additionally, the Company has diversified uranium holdings
including: (1) one of the largest physical uranium portfolios of
U.S. warehoused U3O8; (2) a major equity stake in Uranium Royalty
Corp., the only royalty company in the sector; and (3) a pipeline
of resource stage uranium projects. The Company's operations are
managed by professionals with decades of hands-on experience in the
key facets of uranium exploration, development and mining.
Stock Exchange Information:
NYSE American: UEC
Frankfurt Stock Exchange Symbol: U6Z
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
securities 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. Many of these factors are
beyond the Company's ability to control or predict. 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. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company's
filings with the Securities and Exchange Commission. For
forward-looking statements in this news release, the Company claims
the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
The Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy
securities.
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SOURCE Uranium Energy Corp