Breaking *NEWS* Uranium Energy Corp. (Amex: UEC)

Dear StockUpTicks Reader:

It seems not so long ago that we introduced our readers to a promising near-term uranium company with a strong management team and a business plan in one of the hottest resource niches of uranium energy. We loved the story then and spent a lot of ink telling you about them. 

And now they’re all grown up. Besides their ascension to the prestigious American Stock Exchange (AMEX), Uranium Energy Corp (AMEX:UEC) has just been notified that it will now be included in the heavily followed Russell Microcap Index. 

This isn’t a plaque to be hung on the wall. This is bold advertising that puts UEC on the radar screens of thousands of investing professionals who view the Russell indices with great interest. It is indeed a major accolade and asset to UEC.

This announcement comes on the heels of another stellar achievement by Uranium Energy Corp. affirming that Dundee Capital Markets had initiated coverage of UEC with a buy recommendation and a 12-month target price of US$4.00/share. Dundee Capital Markets is the investment banking branch of Dundee Securities Corporation and one of the most respected investment dealers in Canada.
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Breaking *NEWS* From UEC

Press Release Source: Uranium Energy Corp
Monday July 7, 8:30 am ET

AUSTIN, TX, July 7 /PRNewswire-FirstCall/ - Uranium Energy Corp (AMEX:UEC - News), a US-based resource company with the objective of near-term uranium production, announces it has been added to the Russell Microcap Index as part of Russell Investment Group's annual reconstitution of its family of U.S. indexes.

The Russell indexes capture the 4,000 largest domestic stocks as of the end of May, ranking them by market capitalization to create the Russell 3000 Index and the Russell Microcap Index. Uranium Energy Corp's new membership to the Russell Microcap Index will remain in place for one year until the 4,000 stocks are re-evaluated May 31st of the following year.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers. For more information on Russell indexes, go to http://www.russell.com.

About Uranium Energy Corp
Uranium Energy Corp (AMEX: UEC - News) is a US-based resource company with the objective of becoming a near-term ISR uranium producer in the United States. Utilizing its extensive information library of historic uranium exploration and development work, the Company has acquired and is advancing uranium properties throughout the southwestern US. A Draft Mine Permit was recently issued for the Company's lead project, the Goliad ISR Uranium Project in south Texas. Operational management is comprised of pre-eminent uranium mining and exploration professionals whose collective experience in this industry gives the Company ongoing uranium mine-finding and mine development expertise.

    Stock Exchange Information:
    American Stock Exchange Symbol: UEC
    Frankfurt Stock Exchange Symbol: U6Z
    WKN: AOJDRR
    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 differ 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.

Contact North America: 
Investor Relations, Uranium Energy Corp.
Toll Free: (866) 748-1030
Fax: (512) 233-2531
E-mail: info@uraniumenergy.com

Source: Uranium Energy Corp
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Mining Speculator Issues Strong Buy Recommendation on Uranium Energy Corp. (Amex: UEC)

Greg McCoach is the respected editor of The Mining Speculator and The U3O8 Investment Report. If you’ve been to any of the major mining conferences recently, you are already aware that Mr. McCoach is developing a strong following of investors because of his winning picks in recent years.

In the current issue of The Mining Speculator, dated April 25, McCoach goes on record regarding uranium stocks. And there’s just one uranium stock that he recommends: Uranium Energy Corp (AMEX: UEC). In a full-page ‘Strong-Buy’ recommendation, McCoach concludes his analysis by saying:

“… as it now stands, it appears that UEC could be the first company to put a new ISR project into production in the United States in a very long time. By my rough, back of the envelope calculations, UEC could be producing conservatively over one million pounds of uranium per year from their Texas ISR project. At current spot and contract prices, this would be very profitable for UEC. The Goliad Project in Texas would generate enormous cash flow for the company and put them on a very solid track for a much higher share price and a potential buy-out by a major.

And this is only one project of many the company now controls in key areas of the United States. Another area that I like where UEC has some key land holdings is the Colorado Plateau. What is interesting about this area is that historically for every pound of uranium mined, there were three pounds of vanadium produced. Recently, because of the power problems in South Africa, vanadium prices have skyrocketed to over $15 a pound.

Vanadium is used in just about everything from golf clubs to jet engines; -80% of its use is to strengthen steel. Some examples of items that require vanadium are high speed tools, cutting objects, engine parts, aerospace-titanium/vanadium alloys and super conductor applications…If you could only own one uranium company, it should be Uranium Energy.UEC remains a STRONG BUY.”

For more information about Greg McCoach and The Mining Speculator, please visit  miningspeculator.com

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BusinessWeek Profiles Uranium Energy Corp. BusinessWeek recently featured Uranium Energy Corp. (AMEX: UEC) highlighting the investment potential of the company as a quality pure-play in the growth of the uranium industry. BusinessWeek, both the magazine and online at www.businessweek.com, is one of the most influential business and financial publications, as you know, with approximately five million readers each week worldwide.

In the March 3rd 2008 issue, Gene Marcial in his popular column, “Inside Wall Street,” wrote:  UEC: Uranium in Its Purest State A pure play in uranium, he says, is Uranium Energy (UEC), which offers investors exposure to an overlooked commodity. UEC has acquired uranium properties in the Southwest, mainly Texas. Uranium mining is experiencing “a rebirth in the U.S.,” says Schatzker, who expects the stock, now at 2.99 a share, to hit 4.50 in a year. He says UEC’s Goliad Project in Southern Texas is expected to start production in 2010 and may ramp up to a yearly output of 1.4 million pounds. Westcliff Capital Management holds a 10.4% stake but says its policy is not to comment on stocks it owns.

About Uranium Energy (AMEX: UEC)

Utilizing its extensive information library of historic uranium exploration and development work, the Company has acquired and is advancing uranium properties throughout the southwestern US. A Draft Mine Permit was recently issued for the Company’s lead project, the Goliad ISR Uranium Project in south Texas. Operational management is comprised of pre-eminent uranium mining and exploration professionals whose collective experience in this industry gives the Company ongoing uranium mine-finding and mine development expertise.
 

The company’s focus is its Goliad ISR project located in Texas where permit applications were recently submitted. UEC management estimates the Goliad project will commence commercial operations in 2010. Current non-code compliant resources at Goliad are 5.2 million pounds; however, management believes that the company will be successful in delineating additional resources as indicated by historic exploration.

UEC's inventory of databases is now estimated to contain in excess of 4.6 million feet of drilling data, as well as drill hole location maps, various reserve and resource calculation reports, scoping studies, geological studies, and various other important strategic data.  These databases are each the result of millions of dollars of past exploration expenditure, incurred mostly by senior energy companies.

 Letter to Shareholders
Dundee Capital Markets initiates coverage of Uranium Energy Corp (AMEX: UEC)

June 26, 2008

Dear Shareholder,

Dundee Capital Markets initiated coverage of Uranium Energy Corp (AMEX: UEC) this week with a buy recommendation and a 12-month target price of US$4.00/share. Dundee Capital Markets is the investment banking branch of Dundee Securities Corporation and one of the most respected investment dealers in Canada.

Lead uranium analyst David Talbot, who has visited the Company’s Goliad project site in Texas, wrote the following:

"Uranium Energy appears ready to become the next ISR miner in Texas as Goliad advances towards production. With sizeable resources suitable for both ISR and conventional mining, UEC will likely provide visibility to its future production profile in the coming months...

Recent receipt of its Draft Mining Permit from the Texas Commission on Environmental Quality, is obviously an important milestone…We believe that UEC appears undervalued...We are initiating coverage of Uranium Energy with a BUY recommendation and 12-month share price target of US$4.00."

If you would like a copy of the complete 9-page report, please give us a call at 1-866-748-1030. We appreciate your continuing support.

Yours truly,

Amir Adnani
President, CEO

The U.S. is the largest consumer of uranium in the world
The U.S. nuclear  power industry consumes 28 percent of the annual global supply
The U. S. government has passed legislation making nuclear energy a national priority
The U.S. annual consumption of uranium is 55 million lbs while production from U.S. mines in 2006 was 4 million lbs 

Developing Alternative Energy for America

UEC is a member of

UEC is a member of

          “…After talking with state authorities, we believe that this mine has full potential of becoming a producing mine…[The share price has traded down] to a level that we believe is almost too good to be true...buying under US$2.50 is a good deal…”

Casey Energy Confidential For serious profits from fast-moving opportunities in energy, you need the  CASEY ENERGY CONFIDENTIAL Alert Service Click HERE for Subsciption Information

The Uranium Market

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Uranium is used primarily as an energy source for nuclear fission reactors - a safe, efficient, and emission-free alternative to fossil fuels. The market cycle for uranium had been largely depressed since 1981, but has recently experienced a sharp increase due to macroeconomic factors. An estimated supply shortfall of 80 million pounds per year, for several coming years, is forecast by measuring current annual reactor demand and current annual mine production. In addition, new nuclear power plants have been commissioned throughout the world; China, India and Russia alone have permitted the construction of over 75 new reactors. In August 2005, President Bush signed into law the Domenici-Barton Energy Policy Act containing an array of provisions that support nuclear power. This enactment, combined with the growing public recognition that nuclear power plants generate electricity with considerably less greenhouse emission than fossil fuels, places Uranium Energy in a favorable position for funding and exploring all aspects of uranium development.

Wellfield Development: An ISR wellfield is established using injection wells and extraction wells in pre-determined patterns and locations that fit the ore configuration. The purpose of these wells is to inject and recover the solution which will dissolve the uranium and extract it for processing. 

The injected/extraction process is designed to minimize the loss of solutions from the system for both environmental and economic reasons. Typically a small volume of solution is continuously removed from the mining area to insure that solutions are well contained within the monitoring system that surrounds the operations. Once an ISR program is developed, the continued build-out of the wellfield system is one of the primary activities. As uranium is produced, the individual well areas are depleted and, after some time, are devoid of economic uranium mineralization.

Solution Injection and Extraction: Once a wellfield has been developed, the water within the orebody is pumped out and oxygenated for alkaline recovery processing, or oxidized and acidified using sulphuric acid to develop the solution that will dissolve uranium for an acid leach. From here forward, the description of the ISR process assumes an alkaline leach. The solution is then injected into the orebody and slowly dissolves the uranium in the ground and puts it into solution. The solution is then pumped out of the ground through the extraction wells and delivered to the ion exchange facility. Monitor wells are developed around the orebody to ensure that the mining process is contained. (This is a critical part of environmental compliance, especially in the U.S.)
 

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From the surface, an ISR field is quite unassuming. If the project is located in a warm climate the wellfields will have pipes lying on the ground connected to well heads and, in colder climates, the pipes are buried and the only sign of activity are the protruding well heads. Ion Exchange: The uranium-bearing solution, or pregnant solution, is piped from the wellfield to an ion exchange facility where the uranium in solution is captured by resin beads. The process is very similar to a water-softening process. Uranium ions are exchanged with either charged sulphate, chloride or bicarbonate ions within the porous resin bead, resulting in a transfer of the uranium ions onto the resin.  Once the pregnant solution is stripped of uranium, it is recycled, reoxygenated and re-injected into the wellfield to once again recover uranium. A more recent trend in U.S. ISR operations is to operate satellite ISR wellfields with a dedicated ion exchange facility. The loaded resin can then be trucked to the “back end” of the mill. This allows for the economic development of smaller wellfields without the requirement to license and build a complete mill. UEC believes this technology is very well suited to the wellfields of Texas which, individually, do not contain many pounds (e.g. 500,000 pounds and greater).

Elution and Precipitation: After the ion exchange process, the uranium-loaded resin is washed with a sodium chloride, bicarbonate-carbonate solution which reverses the ion exchange process. The result of the elution process is a highly concentrated uranium solution. All the uranium contained within several million gallons of wellfield solution can be beneficiated into a much smaller volume (10,000 gallons), which makes it more economical to process and recover. An acid, either hydrochloric or sulfuric acid, is added to this solution, lowering the pH from 9.0 to 2.5 which converts the uranium carbonate ion to a uranium chloride or uranium sulfate ion which can then be easily precipitated into a solid. Hydrogen peroxide is then added to the solution resulting in oxidation and the formation of crystals that can be easily filtered. The brine is then refortified and recycled. From time to time the brine becomes laden with impurities and must be disposed. 

Drying and Packaging: The crystals formed by precipitation are filtered and dried, usually in a state-of-the-art, low temperature, vacuum rotary dryer, and packaged for delivery. 
 

Groundwater Restoration: Once the orebody has been mined out, the water in the aquifer must be returned to a baseline state. Restoration is carried out in one of two ways. The first, and most straightforward method, is to simply let the surrounding groundwater seep into the wellfield area as the solutions are extracted. The second, and more complex method, involves treating the recycled groundwater and reinjecting it into the ground to re-establish the aquifer.  Wellfield Reclamation: Once the wellfields have been restored and released by the responsible regulatory agency, the wells are filled with cement and casing cut three feet below the surface. Soils are checked for contamination and remediated as needed. The ground may also require revegetation.  The environmental requirements will vary by jurisdiction, but generally the U.S. has very strictly enforced regulations compared to other countries in which ISR is used (such as Kazakhstan).

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UEC FIELDS AND PROJECTS

• Texas Continential Oil (now Conoco Phillips) 10/250 
• Texas Mobil Oil (now ExxonMobil) 20/1,000 
• Texas Moore Energy 20/1,000 
• Texas Knupke 40/500 
• Texas Nueces Mineral Co 10/370 
• Wyoming Robert Odell (Rocky Mountain Uranium Scout) 50/500 
• Wyoming NAMMCO (William Kirkwood) 15/500 
• Wyoming Jebsen 20/130 
• Arizona Oklahoma Public Services 10/200 
• 15 States Brenniman 9/7,200 

MAJOR PROJECTS in BRIEF

Goliad Project, Texas

Uranium Energy Corp’s flagship Goliad Project has been the subject of extensive historical exploration and delineation by previous owners. Exploration began in the 1970s. At the time of Uranium Energy Corp’s acquisition, over 550 exploration holes had been drilled, totaling 250,000 feet. Since acquiring the Goliad Project, the Company’s experienced technical staff have drilled over 360 holes and completed extensive sampling, mapping and reporting. These results were used to generate a number of studies for permitting applications, and the Company recently filed a mine permit application for the Goliad Project with the Texas Commission on Environmental Quality. A Canadian National Instrument 43-101 report has been completed and filed on SEDAR for this project.

Cebolleta Project, New Mexico 

Uranium Energy Corp holds a 49% interest in Cibola Resources LLC, the owner of a mining lease covering approximately 6,700 acres in the Cebolleta Land Grant located in Cibola County, New Mexico. The Cebolleta Land Grant lease is located at the eastern end of the Grants Uranium District, and includes within its boundary, the past-producing JJ Number 1/L-Bar uranium mine, formerly operated by the Standard Oil Company of Ohio (SOHIO). The Grants Uranium District was home to the largest producing uranium mines in the US. A Canadian National Instrument 43-101 report has been completed and filed on SEDAR for this project.

New River Project, Arizona 

The Company has a 100% interest in the New River Uranium Project, located in northern Maricopa County, Arizona, on state lands in an historic mining area. Teck Corporation previously conducted exploration and development on the property, which revealed that uranium is disseminated within tuffaceous lakebed sediments typically at depths varying from 150 to 230 feet with occurrences as shallow as 65 feet below the surface. It is anticipated that the project would be amenable to shallow mining methods. The mineralized trends identified by drilling are open-ended.

Burnt Wagon Project, Wyoming

The Company has 5,600 acres of mining leases and claims in the Wind River Basin uranium district of Wyoming. It also has a comprehensive database of uranium exploration originally conducted between 1969 and 1982, which covers this property. The database consists of 500 drill holes, 16,000 feet of drilling data, and geological maps. The Company’s objective is to conduct an exploration drilling program, in order to delineate the shallow mineralization, and to evaluate the project’s ISR potential.

Ambrosia Lake Project, New Mexico

Consists of 8,500 acres and is located within the heart of the Ambrosia Lake Mining District, in the state of New Mexico.  The Company also acquired historic production information covering most of the property.  This property 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 plc.  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.

Goliad Uranium Project is located in north-central Goliad County, Texas. 

Moore Energy Corp (previous project operator) drilled 479 holes during mid-80’s.

Over 360 confirmation and delineation holes have been drilled by UEC from May 2006 through June 2007 that support the presence of the Moore Energy historic estimate of 5.2 million pounds of U3O8.

Uranium mineralization as currently defined by historic drilling remains open laterally in all directions, providing excellent potential targets for additional drilling and increasing the size of the resource. 

Mineralization is in four sand horizons from depths of 90 to 450 feet.

Average thickness of 14.5 feet and average grade of 0.075%* across all four sand horizons. 

Project is amenable to ISR.

Metallurgical testing has been independently reviewed with recoveries of 86% to 89%.

* Based on a positive chemical/radiometric disequilibrium factor of 1.494.  The disequilibrium factor (DEF) refers to the ratio of the actual grade of uranium in the formation to the grade obtained from gamma ray logging.

2007 Exploration Drilling Program at the Goliad ISR Uranium Project

Recent News From UEC

Press Release Source: Uranium Energy Corp
Monday June 16, 5:31 pm ET

AUSTIN, Texas, June 16 /PRNewswire-FirstCall/ - Uranium Energy Corp (AMEX:UEC - News), a US-based resource company with the objective of near-term uranium production, is pleased to report that all of the area monitoring wells have been completed for the Company's first production area.

Following protocol, Uranium Energy Corp formally invited the Texas Commission on Environmental Quality (TCEQ) to observe the sampling procedure and to split water samples with the Company. Analyses of the water will be used to define the baseline quality of the groundwater in the first production area. Analyses will also be used to establish restoration table values for the initial area. All wells have been sampled, with samples having been sent to a qualified laboratory for analysis. MORE

Press Release Source: Uranium Energy Corp
Thursday June 5, 8:30 am ET

AUSTIN, TX, June 5 /PRNewswire-FirstCall/ - Uranium Energy Corp, a U.S.-based resource company with the objective of near-term uranium production, is pleased to report that the Texas Commission on Environmental Quality (TCEQ) has issued a Draft Mine Permit for the Company's Goliad ISR Uranium Project in South Texas. The issuance of the draft mine permit follows an intensive nine-month technical review of the mine permit application by the TCEQ.

The permitting of uranium mining in Texas is administrated at the state level. The U.S. Nuclear Regulatory Commission (NRC) has delegated its authority to the state regulatory agencies, and companies deal directly with the state agencies in Texas rather than the NRC. Texas is known as an "Agreement State." In 2007, Texas further streamlined the permitting process by putting the TCEQ in control of the entire permitting process. Uranium producers and near-term producers deal with one agency, the TCEQ, for all required and related permits and licenses. As it has done for decades with oil and gas production, Texas is the state that is giving priority to uranium permitting and production directly. MORE
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UEC Management Team

Alan Lindsay, Chairman 
Mr. Lindsay has been involved in public mining and biotechnology companies since the early 1990s and has more than 30 years’ experience in executive management.

Amir Adnani, Chief Executive Officer, President, Director
Mr. Adnani is an entrepreneur with a background in business development and marketing.

Harry Anthony, Chief Operating Officer, Director
Mr. Anthony is a professional engineer with 36 years of experience and is an internationally recognized expert in the uranium industry. Mr. Anthony is one of the pioneers of ISR and has been involved in projects around the world. He was previously an officer with Uranium Resources Inc. for 20 years.

Pat Obara, Secretary, Treasurer and Chief Financial Officer
During the past five years Mr. Obara has worked as a consultant to several private and publicly listed companies providing consulting services in the areas of corporate finance and administration. Prior to April 2004, Mr. Obara served as the Chief Financial Officer and a director of two public companies listed on the TSX Venture Exchange.

Ivan Obolensky, Director
Mr. Obolensky has 40 years’ experience in the investment banking business as a financial analyst, with specific expertise in the defense aerospace, oil and gas, nuclear power, metals and minerals, publishing and high technology industries.

Erik Essiger, Director
Mr. Essiger has 18 years of business experience, providing professional advisory services in the field of mergers & acquisitions to corporate clients in the energy sector, media and telecommunications, as well as business services.

Vincent della Volpe, Director
Mr. della Volpe has served as a professional money manager for 38 years, including senior portfolio manager of pension funds for Honeywell Corporation and senior vice president of the YMCA Retirement Fund in New York with responsibilities for several billion dollars in assets.
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Financial Highlights

UEC Investment Highlights:

• Extensive pipeline of 26 development and advanced exploration properties in the Colorado Plateau, New Mexico, Wyoming, Arizona, and Texas
• Recently received Draft Mine Permit , first draft permit to be issued in over 10 years to a publicly listed company in the U.S.
• Near-term ISR uranium development in South Texas
• Technical team with demonstrated record in the discovery, development and operations of ISR and conventional uranium mines in the USA and globally
• Ownership of strong intellectual capital - one of the largest US uranium exploration and development databases

To Contact Uranium Energy Corp

Uranium Energy Corp
9801 Anderson Mill Road, Suite 230, Austin, TX 78750
Phone: 512-828-6980 - Fax: 512-721-1023

Investor Relations: (866) 748-1030
info@uraniumenergy.com 

Web Site: http://www.uraniumenergy.com

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