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Uranium Energy Corp Files S-K 1300 Technical Report Summary for its World-Class Roughrider Project in Saskatchewan, Canada

Uranium Energy Corp.
  • Total Roughrider Project resources are 27.8 million lbs. U3O8 in 389,000 tonnes grading 3.25% U3O8 in the Indicated category and 36.0 million lbs. U3O8 in 359,000 tonnes grading 4.55% U3O8 in the Inferred category (Table 1). 
  • Following the acquisition of the Roughrider Project in 2012, Rio Tinto completed additional delineation and geotechnical drilling during 2012 through 2016, further delineating the Far East Zone and increasing the confidence level of the resources.  This new TRS resource is based on 665 diamond drillholes completed to date by Hathor Exploration Limited (“Hathor”) and Rio Tinto for a total of approximately 228,180 meters of drilling on the Project.
  • For consistency in approach and to leverage existing technical knowledge of the Project, UEC has completed this TRS resource report with the team at SRK Consulting, building on their excellent technical knowledge and experience with the Project. Most of the gain in indicated resources comes from the Far East Zone that was not previously disclosed by Hathor.
  • The next steps for the Project by UEC will be to commission an Initial Assessment economic study and complete further delineation drilling to upgrade the current inferred resources to indicated.
  • The Project has access to all-weather roads and power infrastructure. There is an airport accessible to the public at Points North Landing 6 km from the deposit area.
  • UEC’s attributed resources now total 226.2 million pounds U3O8 in the Measured and Indicated Categories and 102.7 million pounds U3O8 in the Inferred category across all its projects (1), cementing UEC’s status as one of the largest diversified North American focused uranium companies.

Figure 1 - UEC Athabasca Projects

Figure 2 - Roughrider and East Athabasca Hub of Projects

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