DGAP-News: Uranium Energy Corp Provides Goliad Project Update
(firmenpresse) - DGAP-News: Uranium Energy Corp. / Key word(s): Miscellaneous
Uranium Energy Corp Provides Goliad Project Update
13.12.2013 / 11:44
---------------------------------------------------------------------
Uranium Energy Corp Provides Goliad Project Update
Corpus Christi, TX, December 12, 2013 - Uranium Energy Corp (NYSE MKT: UEC,
the 'Company') is pleased to provide an update on its fully-permitted
Goliad ISR Project. Construction continues as planned, and the previously
ordered processing equipment has arrived on schedule. The Ion Exchange
(IX) vessels were received in late November, and the material to construct
the IX pipe and valve system has been ordered and received. The recovery
of uranium is set to be available to come online in fiscal 2014.
The Company would like to provide an update on the recent actions of the
EPA in regards to the Company's Aquifer Exemption ('AE'). As noted in the
Company's quarterly report, the EPA had earlier filed a Motion to Remand
without Vacatur with the 5th Circuit Court of Appeals (the 'Fifth
Circuit'). Without vacatur simply means that the EPA-approved AE remains
in force. The EPA's stated purpose was to supplement the record in response
to the opponent's prior complaints. In requesting the remand without
vacatur, the EPA denied the existence of legal error and stated that it was
unaware of any additional information that would merit reversal.
Consistent with the EPA and the TCEQ, the Company is not aware of any new
information that would change the current AE approval.
The Company had previously objected to the remand, however, and in
conjunction with the TCEQ, had requested that the remand without vacatur,
if granted, should be limited to a 60-day review period. By way of a
recent procedural order from a three-judge panel of the Fifth Circuit, the
Court granted the remand, without vacatur, and limited the review period to
60 days from service of the Order. As indicated above, the Company will
continue to advance the fully-permitted Goliad Project during the review
process.
Amir Adnani, President and CEO, stated, 'The Company's scalable
hub-and-spoke strategy, a proven model for increasing uranium extraction
and maintaining a low-cost profile, will continue as planned and production
at Goliad will be available to come online in fiscal 2014. We are
executing on this plan with the Company's Goliad, Burke Hollow, and
Palangana projects.'
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and exploration company.
The Company's fully licensed and permitted Hobson processing facility is
central to all of its projects in South Texas, including the operating
Palangana in-situ recovery mine and the Goliad in-situ recovery project
which is currently in construction. 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.
Contact Uranium Energy Corp Investor Relations at:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info(at)uraniumenergy.com
Stock Exchange Information:
NYSE MKT: 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 (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.
Certain matters discussed in this news release and oral statements made
from time to time by representatives of the Company may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and the Federal securities laws. Although the
Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information is
subject to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Many of these factors
are beyond the Company's ability to control or predict. 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
press release shall not constitute an offer to sell or the solicitation of
an offer to buy securities.
End of Corporate News
---------------------------------------------------------------------
13.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
244691 13.12.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2013 - 11:44 Uhr
Sprache: Deutsch
News-ID 324150
Anzahl Zeichen: 3649
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 615 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Uranium Energy Corp Provides Goliad Project Update"
steht unter der journalistisch-redaktionellen Verantwortung von
Uranium Energy Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
