UEX:TSX

UEX Corp.

UEX Corporation has the largest known resources of uranium held by any junior exploration company operating in the Athabasca Basin, a politically stable, mining-friendly jurisdiction that contains the highest-grade uranium deposits in the world. The company's two advanced projects in the region contain approximately 86 Mlb U3O8. UEX was formed in 2002 and maintains strategic relationships with Cameco Corp. and AREVA group.

Expert Comments:

David Sadowski, Raymond James (3/30/15)
"UEX Corp. is wrapping up a phase 1 regional exploration campaign designed to follow up on historic drilling, which may have overlooked basement-hosted mineralized potential. Early results have been positive, warrant further follow-up and suggest the company could be vectoring toward a shallow discovery; we are particularly excited about the Dwyer Lake target, where a large fluid/alteration system is clearly evident."

David Sadowski, Raymond James (2/26/15)
"UEX Corp. released initial drill results from the ongoing winter exploration program at its 100%-owned Hidden Bay uranium project. . .results suggest strong hydrothermal and fault systems, key 'ingredients' of Athabasca basin uranium deposits, are present at the Dwyer Lake target. We look forward to additional results in the coming weeks and encourage investors to build positions on strong discovery potential within close proximity to some of the world's best mill infrastructure."

"UEX Corp. has gotten beaten up alongside its uranium peers. While there's been renewed fascination with Athabasca Basin explorers, we think the realization among investors that not all high-grade pounds are created equal has weighed on the company. To be specific, companies like Fission Uranium have benefited from defining near-surface, high-grade pounds, whereas UEX, with its massive Shea Creek resource just down the road from Fission, trades at pennies on the dollar by comparison. We don't think it's fair. Although UEX is deeper and not entirely hosted in stable basement rock, it's a great call option on higher uranium prices. It's the third biggest, undeveloped asset in the basin after Fission's Triple R resource and Cameco's Millennium project. We also think the market is undervaluing the potential at Hidden Bay on the east side of the basin. . .the key thing is success on the upcoming program at Hidden Bay, located on the infrastructure-rich east side of the basin within a stone's throw from Cameco's underutilized Rabbit Lake mill. . ." read more >

David Sadowski, Raymond James (1/9/15)
"We have upgraded UEX Corp. to Outperform on our view of strong potential for a successful winter drill program at Hidden Bay, which will test shallow basement-hosted targets. . .startup of a 10,000m, CA$2.5M winter exploration program at Hidden Bay is expected imminently."

Management Q&A: View From the Top
After losing half of its value, the spot price of uranium has in recent weeks risen from less than $30 per pound to $42 per pound. Roger Lemaitre, President and CEO of UEX Corp., is pleased but not surprised, and explains how UEX's substantial resources in Saskatchewan's Athabasca Basin have primed the company to move forward.
read more >
David Talbot, Dundee Capital Markets (11/7/14)
"Two large projects in the Athabasca basin make UEX Corp. a favorite exploration stock. . .we believe that the real short-term significance for the company is its basement drilling on its Hidden Bay project where it only knows nonconformity mineralization."

David Sadowski, Raymond James (10/22/14)
"UEX Corp.'s pivot eastwards, from its primary focus of the past several years, 49%-owned Shea Creek, to shallower, basement-hosted targets at Hidden Bay is a positive one, in our view. . .exploration costs are also lower, and the company, given its 100% ownership, has full control over every dollar spent."

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