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Uranium Energy Corp Files S-K 1300 Technical Summary Report for Horseshoe-Raven Project in Saskatchewan

Uranium Energy Corp.
  • This TRS filing for the Horseshoe-Raven Project is the second Saskatchewan resource estimate reported by the Company since its acquisition of UEX Corporation (“UEX”) in August of 2022; and
  • Indicated resources at the Horseshoe-Raven Project are 37.43 million lb. U3O8 with 23.59 million lb. U3O8 at 0.215% U3O8 at the Horseshoe Deposit and 13.83 million lb. U3O8 at 0.177% U3O8 at the Raven Deposit (Table 1).
  • The project is 11,085 acres in the eastern portion of Saskatchewan’s Athabasca Uranium District about 5 km from Cameco’s mill at Rabbit Lake and approximately 27 km from the Roughrider deposit. UEC is considering the synergies between the Horseshoe-Raven, Roughrider, and Christie Lake deposits as parts of the Company’s Eastern Athabasca Hub Strategy.
  • Uranium mineralization at Horseshoe-Raven is hosted in basement rocks with no sandstone cover and is between 100 m and 450 m below the surface, suggesting that the deposit is potentially amenable to combined conventional open pit and underground mine development and should not require costly ground freezing.

Figure 1 - UEC Athabasca Projects

Figure 2 – Horseshoe-Raven Project

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