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Fission uranium npv update#
Fission uranium npv license#

Additional exploration and development drilling is planned for Burke Hollow.Īmir Adnani, President and CEO, stated, “The Company’s hub-and-spoke strategy in South Texas is advancing ahead of expectations. The Company has initiated permitting activities on the Project so it can move immediately into the extraction pipeline, consistent with the Company’s hub-and-spoke model for its South Texas assets.

Fission uranium npv license#

Details of the resource are set out in the table below.Ĭoncurrently, the Company is advancing production permitting for the Project and submitted a Radioactive Material License and Mine Permit application to the Texas Commission on Environmental Quality earlier in 2014. This mineral resource estimate was completed using accepted methods mandated by NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum standards utilizing a grade cutoff of 0.02% U 3O 8, and a grade times thickness product cut-off (GT) of 0.30.

Fission uranium npv update#

This resource update includes information from 526 drill holes and represents an increase of 2.23 million pounds of U 3O 8 over the previous Project inferred mineral estimate, a 77% increase.

Environmental permitting advances with both Mine Permit and Radioactive Materials License applications submitted to TCEQ earlier this yearĬorpus Christi, TX, NovemUranium Energy Corp (NYSE MKT: UEC “UEC” or, the “Company”) is pleased to announce that it has completed an updated National Instrument 43-101 ("NI 43-101") resource1 for the Company's Burke Hollow, Texas, property (the “Project”) that estimates an inferred mineral resource of 5.12 million pounds of uranium (“U 3O 8”) at a weighted average grade of 0.09% U 3O 8.

Only 45% of the expanded Project has been explored to date.

Potential for additional resource expansion with two new prospective mineralized areas discovered by recent drilling and a previously identified Exploration Target still to be drilled.

Former Exploration Target develops into newly defined Inferred Resource.

Discovery and delineation of higher grade zones has doubled uranium grade.

Inferred Resources increase from 2.89 million pounds U 3O 8 to 5.12 million pounds U 3O 8.

2009 2008 2007 Uranium Energy Corp Reports a 77% Increase in Estimated Uranium Resource at Burke Hollow Project in South Texas November 18, 2014