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Uranium Energy | 8-K: Current report

SEC ·  Aug 21, 2024 04:38

Summary by Futu AI

Uranium Energy Corp (UEC) reports significant drill results from its Roughrider Project in Northern Saskatchewan, Canada. Drill hole RR-940, located 850m northeast of the Roughrider Deposit, intersected 6.96% eU3O8 over 13.5m, including a high-grade interval of 12.7% eU3O8 over 7.2m. This represents the best hole to date outside the resource area on a parallel trend to Roughrider.UEC is advancing Roughrider on multiple fronts: continuing resource expansion with 25 additional drill holes planned, completing an Initial Assessment Technical Report Summary, and conducting Environmental Assessment baseline studies. The company is utilizing new Ambient Noise Tomography survey technology to identify exploration targets along existing corridors.The Athabasca Basin, where Roughrider is located, is a world-class uranium district responsible for 15% of global uranium production in 2022. UEC aims to capitalize on the basin's high-grade potential, with deposit grades often exceeding the world average by up to 100 times.
Uranium Energy Corp (UEC) reports significant drill results from its Roughrider Project in Northern Saskatchewan, Canada. Drill hole RR-940, located 850m northeast of the Roughrider Deposit, intersected 6.96% eU3O8 over 13.5m, including a high-grade interval of 12.7% eU3O8 over 7.2m. This represents the best hole to date outside the resource area on a parallel trend to Roughrider.UEC is advancing Roughrider on multiple fronts: continuing resource expansion with 25 additional drill holes planned, completing an Initial Assessment Technical Report Summary, and conducting Environmental Assessment baseline studies. The company is utilizing new Ambient Noise Tomography survey technology to identify exploration targets along existing corridors.The Athabasca Basin, where Roughrider is located, is a world-class uranium district responsible for 15% of global uranium production in 2022. UEC aims to capitalize on the basin's high-grade potential, with deposit grades often exceeding the world average by up to 100 times.

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