 In this section:
PROJECT OVERVIEW
Uranium Energy Corp’s Ambrosia Lake Project consists of 8,500 acres under the administration of the U.S. Bureau of Land Management within the heart of the Ambrosia Lake Mining District, in the state of New Mexico. As part of the acquisition, the Company acquired historic production information covering most of the property. The Project is the site of over 8.5 million pounds of historical underground uranium production, primarily from the Ann Lee and Sandstone Mines, and is contiguous to the current uranium resource holdings of BHP Billiton. The Ambrosia Lake District includes some of the largest past-producing uranium mines in the U.S., operated at the time by Kerr McGee (now Andarko Petroleum), Homestake Mining (now Barrick Gold), Phillips Petroleum (now Conoco Phillips), and United Nuclear Corp. A substantial amount of production, development and exploration work has been completed on this property by these companies.
RECENT DEVELOPMENTS
Apr 3, 2007
Uranium Energy Corp to Acquire Past-Producing Ann Lee and Sandstone Uranium Mines in New Mexico
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; "UEC Employees Inspecting Underground Workings in Ambrosia Lake District 2007")
