UEX Corp.

UEX Corporation has one of 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 Talbot, Dundee Capital Markets (6/24/16)
"We recommend UEX Corp. as a Buy with a C$0.60/sh target price . . .First summer drill hole hits high grade. . .Hole CB-92-1 averaged 3.82% eU3O8 over 2.6m, incl. 8.09% over 1m. . . This exceeds historic resource grades of 3.22% U3O8 by about 20%. . .Today's 8% over 1m intercept extends high grade mineralization and confirms winter results. . .Management would like to further determine controls on this higher grade material – including which direction it is heading."

David Talbot, Dundee Capital Markets (4/14/16)
"We recommend UEX Corp. as a Buy with a CA$0.60/share target price. . .initial gamma probe results for three drill holes at Christie Lake confirm the location and grade of the recently acquired Paul Bay uranium deposit. . .we are pleased with initial results, and this program certainly left us wanting more."

David Sadowski, Raymond James (4/14/16)
"UEX Corp. released the first set of results, three holes, from the ongoing CA$2.75M drill program at its Christie Lake project. . .one hole cut a significant interval of high-grade uranium, confirming the location and tenor of mineralization at Paul Bay. . .we eagerly anticipate further results from the program this summer and encourage investors to add to positions in advance of this potential stock-moving catalyst."

"A company we recommend is UEX Corp. with a Buy rating and $0.60/share target price. UEX hosts nearly 100 Mlb at Hidden Bay and Shea Creek in the Athabasca Basin, but its recent acquisition of the Christie Lake project provides potential to add pounds quickly. Christie Lake is on the same structure as Cameco's ultra-high-grade McArthur River mine, the largest uranium mine in the world." read more >

David Sadowski, Raymond James (10/27/15)
"UEX Corp. signed a letter of intent to earn up to 70% of the 21 Mlb Christie Lake project, located 9 km on strike to the northeast of Cameco's McArthur River, the world's largest uranium mine, and with which it appears to share structural control. We are encouraged with the option as it provides UEX an exciting, advanced-stage, third leg to its portfolio at an attractive price."

David Talbot, Dundee Capital Markets (10/26/15)
"We are upgrading UEX Corp. to Buy. . .as plans to acquire the highly prospective Christie Lake project are announced; the company signed a letter of intent to earn up to 70% interest from JCU Exploration. We view this as very positive; it adds a substantial project in the Eastern Athabasca, moving UEX one step closer to becoming the largest junior resource holder in the basin."

More Expert Comments

Experts Following This Company

David Sadowski, Analyst – Raymond James
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

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