DGAP-News: Uranium Energy Corp Makes Appointments, Expands Management
(firmenpresse) - DGAP-News: Uranium Energy Corp. / Key word(s): Miscellaneous
Uranium Energy Corp Makes Appointments, Expands Management
04.03.2011 / 17:20
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Uranium Energy Corp Makes Appointments, Expands Management
Corpus Christi, TX - March 4, 2011 - Uranium Energy Corp (NYSE AMEX: UEC,
the 'Company') is pleased to announce that, with the Company's recent entry
into uranium production, new appointments and postings have been effected
to provide for a better distribution of the experience and talent inherent
throughout the Company.
Amir Adnani, President and CEO, stated, 'The Company's South Texas regional
strategy is being realized. This year's three-fold objective in South Texas
is: 1) to ramp up production at Palangana, 2) to complete permitting at
Goliad and to initiate construction and 3) to expand resources with
intensive drilling programs. We are making new appointments and realigning
the efforts of the management team so that the overall skill-sets and
experience can best achieve these objectives.'
Edward R. Brezinski, BSc, MBA
Vice President of Marketing and Sales
With uranium concentrate or yellowcake being processed at the Company's
Hobson plant in South Texas, Mr. Brezinski has been appointed Vice
President of Marketing and Sales. He is responsible for ongoing relations
with utilities and uranium commodity brokers, and managing the Company's
uranium marketing activities.
Mr. Brezinski has 25+ years of service with utility companies and with
nuclear fuel traders and brokers. His experience has been focused on
marketing, trading and brokerage of uranium and related products, market
analysis, inventory management, and the procurement and contracting for
nuclear fuel, fuel services and other vital nuclear power plant services.
While at Northeast Utilities, he acted as lead purchaser of uranium
concentrates, as well as conversion, enrichment and fabrication services.
He also worked in a similar lead trader or broker capacity for UG USA,
Nukem Inc, and NYNCO trading and brokerage companies. Prior to joining
Uranium Energy Corp, Mr. Brezinski had served as Vice President of Nuclear
Fuel Supply for NYSE-listed Energy Solutions Inc. He has a Bachelor of
Science in Radiological Health Physics, and an MBA in Finance and
International Business.
Bruce J. Nicholson, CFA
Vice President of Corporate Development
Mr. Nicholson has been appointed Vice President of Corporate Development
with a major role in the Company's growth initiatives.
By way of background, Mr. Nicholson has spent 16 years as an industry
specialist in the basic materials and metals and mining industries serving
major U.S. and European banks, broker dealers, and investment funds. He
has worked as a securities analyst for Bank of New York, BNP Paribas, and
Citigroup. He also worked for four years in the investment field for DWS
Investments, Deutsche Bank's asset management company, and an international
resources-focused hedge fund. Mr. Nicholson was Chairman of the New York
Section of the Society for Mining Exploration (SME) in 2007-08. With SME,
he organized the annual NY nuclear renaissance meeting on uranium and
nuclear issues with global experts from Cameco, Exelon, TradeTech and other
industry-leading firms. At BNP Paribas, he advised the bank's New York
commodity group on matters pertaining to the uranium sector and interfaced
with a global team of in-house geologists and commodity traders. Mr.
Nicholson is a member of the Minerals Economics and Management Society
(MEMS), Minerals Industry Analyst Group (MRAG), and New York Society of
Securities Analysts (NYSSA). He graduated with an MBA degree in Finance
from Rutgers University in 1995 and is a CFA charterholder.
Clyde L. Yancey, BSc, MSc Geology, PGeo
Vice President of Exploration
In his role as Vice President of Exploration, Mr. Yancey is responsible for
all of the Company's exploration projects, including those in South Texas
and other states. With the commencement of production, and with
development occupying a good portion of the Company's efforts, he will
ensure that the Company's exploration projects remain a priority and
advance at a rapid pace.
Mr. Yancey received his BSc in Geology from Trinity University, San
Antonio, Texas in 1975, and his MSc in Geology from the South Dakota School
of Mines and Technology in 1978. Mr. Yancey began his professional career
with the USGS, Uranium and Thorium Resources Branch, in 1978. He continued
working in uranium development through 1989 while employed in exploration
and in-situ mining production for Wyoming Minerals Corporation, Caithness
Mining Corporation, Mobil Oil, and Moore Energy. From 1989 to 2005, Mr.
Yancey concentrated on reclamation investigations at various uranium mill
tailings sites throughout the southwest United States for mining companies,
government agencies and First Nations. He has served as a member of the UEC
team since January 2006, and is currently a Registered Professional
Geologist in Wyoming and Texas.
Robert Underdown, BSc
Vice President of Production
Mr. Underdown's responsibilities as Vice President of Production have
intensified with the Company's recent entry into production. He has been
instrumental in bringing the Hobson processing facility and Palangana
project through to production.
Mr. Underdown has held senior operational positions at ISR uranium mines in
Texas since 1978, and he has extensive experience designing, managing and
reclaiming ISR uranium mines. Throughout his career, Mr. Underdown has
worked with the regulatory agencies in Texas specifically pertaining to ISR
uranium production, and this includes the responsibilities of managing
hundreds of mine personnel and looking after their safety and that of the
environment.
Curtis O. Sealy, MSc and BSc Civil Engineering, PEng
Vice President of Environmental, Health and Safety
Mr. Sealy's responsibilities as Vice President of Environmental, Health and
Safety have also intensified with the Company's recent entry into
production. He will be focused on all EH&S issues at Hobson, Palangana and
Goliad.
Mr. Sealy is a registered professional engineer who has 40 years of
experience with the construction of mines and other large-scale engineering
projects internationally. For the past 20 years, he has served with
uranium mining and development companies. Mr. Sealy has broad experience
designing, developing, constructing and providing quality control and
quality assurance for large-scale engineering projects, including mines,
petrochemical facilities, dams, harbor works, landfills and groundwater and
surface reclamation projects. He is a recognized expert on earth
structures and ground improvement techniques, and has authored numerous
papers in his field of expertise. Mr. Sealy served 17 years with Umetco
Minerals Corp, a subsidiary of Union Carbide, and a large uranium producer
in Wyoming, Colorado, and Utah, where he managed all aspects of regulatory
compliance and environmental remediation. More recently, he served as Vice
President of Environmental and Regulatory Affairs for Energy Metals Corp.,
a uranium exploration and development company acquired by Uranium One in
2007.
Leonard G. Garcia, RPL
Vice President of Land
The Company is pleased to welcome Mr. Garcia to the new position of Vice
President of Land. Mr. Garcia is an independent professional landman with
over thirty years of experience in mineral title research, lease
negotiations and acquisitions, farm-out contracts and exploration and
production. Mr. Garcia has worked under contract for Sun Oil Company, Oryx
Energy, Texaco, Monsanto Exploration and Production Company, Harkins&Company, Trans Texas Energy and Kerr-McGee Oil and Gas Corp. He is a
Registered Professional Landman and a member of the American Association of
Professional Landmen and the Austin Professional Landmen's Association.
Dean Chalmers-Owega, CGA
Controller
The Company is pleased to welcome Mr. Chalmers-Owega as its Controller and
as the person with the day-to-day responsibilities for the accounts. He is
a Certified General Accountant with three years of experience as the
controller of a publicly-traded coal mining company. He was also a sales
tax auditor for the Province of British Columbia for a period of six years.
Mr. Chalmers-Owega is a member in good standing of the Certified General
Accountant's Association of British Columbia and Canada since 1999.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium production, development and
exploration company operating North America's newest emerging uranium mine.
The Company's fully licensed and permitted Hobson processing facility is
central to all of its projects in South Texas, including the Palangana
in-situ recovery project, which is ramping up initial production, and the
Goliad in-situ recovery project which is in the final stages of mine
permitting for production. 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 North America: Investor Relations, Uranium Energy Corp:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info(at)uraniumenergy.com
Stock Exchange Information:
NYSE-AMEX: UEC
Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103
Notice to U.S. Investors
The mineral resources referred to herein have been estimated in accordance
with the definition standards on mineral resources of the Canadian
Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and
are not compliant with U.S. Securities and Exchange Commission (the 'SEC')
Industry Guide 7 guidelines. In addition, measured mineral resources,
indicated mineral resources and inferred mineral resources, while
recognized and required by Canadian regulations, are not defined terms
under SEC Industry Guide 7 and are normally not permitted to be used in
reports and registration statements filed with the SEC. Accordingly, we
have not reported them in the United States. Investors are cautioned not to
assume that any part or all of the mineral resources in these categories
will ever be converted into mineral reserves. These terms have a great
amount of uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility. In particular, it should be noted
that mineral resources which are not mineral reserves do not have
demonstrated economic viability. It cannot be assumed that all or any part
of measured mineral resources, indicated mineral resources or inferred
mineral resources will ever be upgraded to a higher category. In
accordance with Canadian rules, estimates of inferred mineral resources
cannot form the basis of feasibility or other economic studies. Investors
are cautioned not to assume that any part of the reported measured mineral
resources indicated mineral resources or inferred mineral resources
referred to in this news release are economically or legally mineable.
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 involvediscussions 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 new 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. The securities offered and sold in the private
placement Offering have not been registered under the United States
Securities Act of 1933, as amended (the 'Securities Act'), or any state
securities laws, and may not be offered or sold in the United States absent
registration, or an applicable exemption from registration under the
Securities Act and applicable state securities laws.
End of Corporate News
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114531 04.03.2011
Datum: 04.03.2011 - 17:20 Uhr
Sprache: Deutsch
News-ID 33387
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