The Energy Report - Uranium Energy Corp OTCBB: URME; Germany: U6Z

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Uranium Energy Corp

TICKER:  OTCBB: URME; Germany: U6Z
DESCRIPTION:  Uranium Energy Corp is a U.S.-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The company is developing its advanced-stage Goliad Project in South Texas, with ISR uranium production projected to begin in 2009.
WEBSITE:  http://www.uraniumenergy.com

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

"The Gold Report: The last time we talked you mentioned Uranium Energy Corp. (AMEX:UEC). Hayward Securities came out with a buy today. What do you think about that?

GM: Very few of us are still excited about this sector. It’s been bludgeoned. I mean some of these stocks are just going no bid; they actually make other junior mining stocks in the precious metals and base metals look fairly attractive. Uranium is dead at the moment.

That said, if you do have any interest or are a contrarian, this could be the bottom. I think this is one company in the uranium sector that you may want to take a hard look at. The number of uranium companies is diminishing very quickly because of an inability to raise funds in these tightened credit markets. For years I’ve said there’s probably only a handful of junior mining exploration companies that are worth the investment. I think the best are those with properties in the U.S. that are what we refer to as ISR (in situ recovery)." (8/29/08)
- The Gold Report Interview with Greg McCoach, Part III

"There are a few companies doing ISR [in-situ recovery], where instead of underground or open pit mining to get the uranium out of the ground, you flush water through certain uranium systems and extract the uranium through water extraction. It's less harmful to the environment, and it’s very low cost, but it’s highly technical so you need a very experienced team of people who know what they’re doing. There are only seven or eight teams that really have the technical knowledge to do that effectively. Two to look at on the ISR side here in the U.S. are Uranium Energy and UR Energy. They are the only two ISR projects that I know of who have already filed their permits. In other words, they could be the first two companies to be in production using ISR to produce the uranium in the U.S. in the next couple of years. It is about an 18-month process, and they both have submitted their applications for those permits in August, September of last year. So, the clock is running — by 2009, both of those companies could be producing. So, those are the prettiest girls on the block, so to speak."(4/22/08)

- The Gold Report Interview with Greg McCoach, Part III

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