Uranium Energy Corp. today announced that its president and CEO Amir Adnani will be joined by other members of the company’s management team to ring The Closing Bell® at the New York Stock Exchange tomorrow to commemorate the beginning of uranium production in South Texas.
Commenting on this exciting time, Mr. Adnani stated, “As announced by the Company yesterday, we have commenced uranium production using in-situ recovery (ISR) methods at the Palangana Project in South Texas. Palangana is the first ISR uranium mine to get into production in the U.S. in more than 5 years, and we are very proud of this achievement.”
He continued, “The U.S. is graced with very significant uranium resources in the ground, yet currently imports the overwhelming majority of its uranium requirements for fueling its nuclear power plants. So, we are excited to be the first to initiate the process of revitalizing uranium mining here. This is really just the start of the Company’s major plans for expanding resources and production of uranium in the U.S.”
A live webcast of The Closing Bell, beginning at 3:59 p.m., will be available on the homepage of www.nyx.com
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