Uranium Energy Corp (AMEX: UEC) has begun trading on the American Stock Exchange. This was previously trading OTC under the "URME" ticker. The company is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The company claims to control one of the largest historical uranium exploration and development databases in the US and has acquired advanced uranium properties throughout the southwestern US.
it also calims operational management is comprised of uranium mining and exploration professionals with experience in the uranium mining industry gives the company ongoing uranium mine-finding and uranium mine development expertise. Here is the management team data from the site.
Just yesterday it gave its fifth update this year of its progress at its Goliad Project in South Texas: Since acquiring the Goliad project, the Company has drilled over 360 holes and completed extensive sampling, mapping and reporting by experienced independent and internal technical staff in generating a number of studies for permitting applications. The Company plans to develop an in-situ uranium recovery facility, following the completion of further resource definition and engineering studies, that must meet the stringent review and analysis of the Texas Commission on Environmental Quality (TCEQ) for air, water, and radiation emissions before permits and licenses are granted. In-situ recovery is a mining process developed in South Texas over the past 30 years. The process is well understood and has been applied successfully at other South Texas mining projects.
Here is the full SEC site data that will give a much in depth example and backgrounder for the financials and operations. We recently covered how the media was increasing coverage of nuclear energy and we focused much of the sector and gave some other links as well.
As Media Touts Nuclear Energy, Time To Review Nuclear & Uranium Stocks
Cameco: Playing Pinocchio or Pangloss
NYMEX Trading Uranium Futures
Uranium Stocks Went Bonkers on Rising Uranium Prices
Jon C. Ogg
September 28, 2007
Jon Ogg can be reached at firstname.lastname@example.org; he produces the Special Situation Investing Newsletter and does not own securities in the companies he covers.