UEX:TSX

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.
UEX:TSX

Expert Comments:

David Talbot, Dundee Capital Markets (7/19/16)
"We recommend UEX Corp. as a Buy with a C$0.60/sh . . .Initial metallurgical testing at the Horseshoe and Raven deposits, part of the Hidden Bay project, indicates potential for heap leach U3O8 recovery. . .Hidden Bay has taken tertiary importance for UEX, after the massive 1.8% U3O8 Shea Creek JV, and the new Christie Lake Project that shows large, high grade basement potential. . .We continue to like this stock, and can appreciate moving Hidden Bay forward at low cost, however, we place our eggs in the Christie Lake basket for adding further shareholder value."

David Talbot, Dundee Capital Markets (7/12/16)
"We recommend UEX Corp. as a Buy with a CA$0.60/share target. . .multiple mineralized uranium horizons were intersected by another two holes from this summer's drill program at Christie Lake; while failing to return grades as high as a few weeks ago, these holes also confirm continuity within the confines of the existing Paul Bay deposit. . .four holes are targeted directly below existing mineralization, and any success in these areas should be immediately accretive to the next resource update."

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 >

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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