Uranium Energy News Releases
Uranium Energy Corp Acquires an Extensive Uranium Exploration and Drilling Database in the South Texas Uranium Trend
June 7, 2006
AUSTIN, TX – June 7, 2006 – Uranium Energy Corp (the “Company”) is pleased to announce that it has completed an agreement with Nueces Minerals Company of Dallas, Texas, whereby the Company has acquired copies of uranium drill logs from previous uranium exploration drilling projects covering a large area in the South Texas Uranium Trend.
The database consists of approximately 150,000 feet of drill logs from 366 drill holes. This drill data is expected to provide important regional geologic information as well as help locate mineralized zones within this area of the historical South Texas Uranium Trend.
Nueces Minerals Company is a privately-held oil and gas production company which owns the mineral rights to 72,000 contiguous acres covering portions of four counties in south Texas.
Uranium Energy now holds one of the most extensive US uranium exploration and development libraries in the industry. Access to this strategic and proprietary information will propel the Company’s ability to identify and acquire advanced stage projects that have been subject to exploration and development in the past. This will further the Company’s portfolio of projects and historic uranium resources.
About Uranium Energy Corp
Uranium Energy Corp (URME: OTCBB) is a US-based junior resource company with the near-term objective of uranium production in the United States. The company has a mandate to acquire historical uranium resources that can be quickly developed into producing uranium mines. The Company is managed by veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, brings together more than 180 years of uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the world’s first significant alternative energy boom. See www.uraniumenergy.com for more information.
Contact North America: Investor Relations, Uranium Energy Corp
Toll-Free Voice: (877) 676-7183 or (512) 721-1022
Fax: (512) 721-1023
E-mail: [email protected]
Website: www.uraniumenergy.com
Contact Europe: International Market Trend AG
Phone: +41.43.888.67.00
Fax: +41.43.888.67.09
OTCBB Symbol: URME
Frankfurt Stock Exchange Symbol: U6Z
Berlin Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US9168961038
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933 , as amended, and Section 21E of the United States Securities and Exchange Act of 1934 , as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could dif fer from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.