Projects

Palangana

Uranium Energy Corp announced on November 17^th  that the Company has started uranium production using in-situ recovery (ISR) methods at the Palangana Project in South Texas.

To download the complete NI 43-101 Technical Report on the Palagana Project, please click the link below.

Palagana Project NI 43-101

In this section:

• Project Overview
• Recent Developments

PROJECT OVERVIEW

The Palangana in-situ recovery (ISR) uranium project is now ramping up production in South Texas.

The Palangana project is a prior-producing ISR project located in the South Texas uranium belt.  The 2,500-hectare (6,200-acre) property is located approximately 100 miles south of the Hobson facility.  Over 4,000 historic exploration, development and production holes were drilled at the project by Union Carbide Corp ("UCC"), Chevron, and Everest Exploration Inc.  UCC produced uranium at the project in the mid to late 1970's with ISR technology.

Harry Anthony, the Company's Chief Operating Officer, was a member of UCC's ISR mining team and oversaw the development and production of this project. 

Resource Estimates:

The latest 43-101 for Palangana was filed on Feb 23rd 2010.  The Technical Report provides for a Measured and Indicated Resource Estimate for the Company's Palangana Project of 1,057,000 pounds at an average grade of 0.135% eU3O8. This resource is located in two zones referred to as Production Area #1 ("PA-1") and Production Area #2 ("PA-2"). An additional 1,154,000 pounds of eU3O8 at an average grade of 0.176% is classified as an Inferred Resource Estimate, and is located in six new exploration zones. 

The Resource Estimates completed by SRK Consulting U.S. Inc are based on the results from 2,694 drill holes at the Palangana Project completed by previous operators including Uranium One, Chevron Corporation and Union Carbide Corp ("UCC").  The Resource Estimates are primarily located east of the Palangana Dome.

RECENT DEVELOPMENTS

Jun 9, 2011
Uranium Energy Corp Reports Fiscal Third Quarter Production Results and Provides Operations Update

Mar 14, 2011
Uranium Energy Corp Reports Fiscal Second Quarter Results and Provides Operations Update

Dec 1, 2010
Uranium Energy Corp Initiates Operations at Hobson Processing Facility in South Texas

Aug 30, 2010
Uranium Energy Corp Completes Phase One Of Wellfield Development At Palangana In South Texas

Jun 22, 2010
Uranium Energy Corp Discovers New Exploration Zone and Reports Strong Drill Results at Palangana in South Texas

Jun 15, 2010
Uranium Energy Corp Initiates Wellfield Development and Construction at Palangana

May 4, 2010
Uranium Energy Corp Provides Project and Corporate Update

Mar 15, 2010
Uranium Energy Corp Reports Strong Drilling Results at the Company's Palangana ISR Project in South Texas

Feb 23, 2010
Uranium Energy Corp Reports Independent NI 43-101 Resource Estimate for the Company's Palangana ISR Project in South Texas

Jan 20, 2010
Uranium Energy Corp Announces the Company's Palangana ISR Uranium Project Now Fully Permitted

Jan 11, 2010
Uranium Energy Corp Advances Permitting at Palangana and Goliad ISR Projects

Dec 21, 2009
Uranium Energy Corp Completes Acquisition of South Texas Mining Venture L.L.P. from Uranium One and Everest Exploration

Nov 30, 2009
Uranium Energy Corp Finalizes Agreement to Purchase Texas Assets from Everest Exploration Inc.

Oct 14, 2009
Uranium Energy Corp to Purchase South Texas Mining Venture L.L.P. from Uranium One and Everest Exploration