CORPUS CHRISTI, TX,
April 22, 2020 /PRNewswire/
- Uranium Energy Corp (NYSE American: UEC, the
"Company" or "UEC") announces the release of an interview with
President, CEO, Amir Adnani on
Steve Bannon's War Room Radio
Show.
Summary of key points discussed in the interview:
- Uranium is required for almost 20% of U.S. electricity
generation in addition to fueling America's Nuclear Navy aircraft
carriers and submarines. At present, the domestic industry is
no longer producing uranium, 100% of requirements are coming from
imports or dwindling inventory.
- The White House Nuclear Fuel Working Group (NFWG),
established by President Donald J.
Trump, has announced they are going to release their report
tomorrow. The report is expected to outline steps to revitalize and
expand the U.S. nuclear fuel cycle, including uranium mining.
(Department of Energy will hold press briefing call on the NFWG
tomorrow
:https://www.energy.gov/articles/doe-hold-press-briefing-call-nuclear-fuel-working-group-report)
- America is blessed with abundant domestic uranium resources
that can be a competitive source of supply. In contrast to
today, free market companies in the U.S. led global production in
1980 (vs. Russia and Kazakhstan in 2020). We can advance our low
cost and scalable in-situ uranium projects in the Western United
States.
- COVID-19 impacts on global uranium production has taken 60% of
global production offline. Another argument for a robust nuclear
fuel cycle in the United States.
Uranium Price is up 35% in recent weeks.
- UEC controls the largest U.S. resource base of fully permitted
and low-cost In-situ recovery projects in Texas and Wyoming, ideally positioned to be the leader
in the resurgence of our domestic uranium mining industry.
Clink here to listen to the interview:
https://bit.ly/2RYy1Tf
Steve Bannon was the CEO of
Trump's 2016 presidential bid and Chief Strategist in the Trump
Administration. His War Room Radio Show brings listeners
exclusive analysis and breaking updates from top medical, public
health, economic, national security, supply chain and geopolitical
experts weekdays from 10:00 am –
12:00 noon ET. Recently appeared
guests have included Mark Cuban,
Governor Mark DeWine and Senator
Tom Cotton. The show's
broadcast partners are America's Voice News, the John Fredericks
Radio Network, Salem Media Group, and Newsmax TV and the podcast is
available on Apple, Spotify, Stitcher, SoundCloud, and Google
Play.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and
exploration company. In South Texas, the Company's
hub-and-spoke operations are anchored by the fully-licensed Hobson
Processing Facility which is central to the Palangana, Burke Hollow
and Goliad ISR projects. In Wyoming, UEC controls the Reno
Creek project, which is the largest permitted, pre-construction ISR
uranium project in the U.S. Additionally, the Company
controls a pipeline of uranium projects in Arizona, New
Mexico and Paraguay, a
uranium/vanadium project in Colorado and one of the highest-grade and
largest undeveloped Ferro-Titanium deposits in the world, located
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
+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 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 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. 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.
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SOURCE Uranium Energy Corp