| To Investors: CIBC World Markets initiated coverage of Uranium Energy Corp (NYSE-AMEX: UEC) on May 27 with their top rating of ‘Sector Outperformer.’ CIBC World Markets is the investment banking division of leading Canadian bank, Canadian Imperial Bank of Commerce. Concurrently, Haywood Securities and Dundee Capital Markets reiterated their ‘Buy’ recommendations of UEC, and increased their target price for the stock. A favorable review and updated ‘Buy’ recommendation was also received during the week from National Bank Financial. Independent, uranium-specialized analysts at these respected institutions are responding to rapid progress being made by UEC with its permitting process for getting into uranium production at its Goliad in-situ recovery project in South Texas. These analysts emphasize that UEC is the next public company anticipated to achieve uranium production in North America.  CNBC is also starting to take notice. Recently, CNBC featured an interview with Graham Bibby, managing director of Richmond Asset Management based in Hong Kong. Richmond’s research indicates that uranium is “the opportunity of the decade.” Mr. Bibby likens today’s opportunity in uranium stocks to the original opportunity in oil “[If] you could invest in Saudi Arabia before they discovered oil, if you could, you would obviously take that chance.”
What stocks were profiled during the show? Just one, Uranium Energy Corp. To understand Mr. Bibby’s perception and research on this market, please view this 3-1/2-minute feature: click the CNBC image above.  CNBC and the analysts mentioned above see an opportunity emerging in the uranium market, and believe that UEC may present one of the best ways to invest in this opportunity. Please view independent statements about Uranium Energy Corp and the uranium market from knowledgeable sources including Business Week and five uranium analysts, including those mentioned above, by clicking the UEC image to the right.
Here are the key factors: - There's plenty of demand. The U.S. uses 55 million pounds of uranium each year to produce 20% of the country’s electricity. In 2008, just 4 million pounds of uranium were mined here, down a little from prior years. Concurrently, usage can only increase. On March 4, in committee hearings in the Senate, U.S. Energy Secretary Steven Chu said the Energy Department is “moving as fast as we can” to provide loan guarantees for the construction of additional nuclear reactors in the U.S.
Globally, regardless of the recession, uranium usage is rising steadily and mining production is FAR behind. This imbalance won't last. The price of uranium is in a viable range today, and is anticipated to rise sharply in coming years. In fact, after bottoming at $40/lb in early April, many analysts believe uranium may rise substantially this year.
- UEC received its Draft Mine Permit and Draft Production Area Authorization #1 for in-situ recovery (ISR) of uranium at its Goliad Project in South Texas in June 2008 and May 2009, respectively. This is the first Draft Mine Permit and the first Draft PAA to be issued in over 10 years to a publicly listed company in the U.S.
- Several uranium analysts anticipate production at Goliad to start in 2010, next year – North America’s next producer.
- It’s no mystery why UEC has a strong lead in the race for new uranium production: Our technical team has more experience than the others, having designed and initiated production at the last ISR facility to go into production, which is also in South Texas. In total, the company’s technical team has participated in a meaningful way in 35 ISR uranium projects in the U.S.
- The Company is well funded to aggressively pursue its key development targets in the months ahead.
To keep current on this rapidly emerging situation, click through here to the website, www.uraniumenergy.com and register to receive news. Or give us a call at 1-866-748-1030.
Thank you,
Uranium Energy Corp
9801 Anderson Mill Road, Suite 230
Austin, TX 78750
1-866-748-1030 Compensation and Other Disclosures
The content of this message is published by Uranium Energy Corporation and sent to select email lists through Lake Group Media, Inc. ("Lake") to provide readers with information on selected publicly traded companies. Factual information is obtained from public filings and other sources deemed to be reliable; however, neither Uranium Energy Corporation nor Lake takes responsibility for verifying the accuracy of such information and they make no representation that such information is accurate or complete. Certain of the statements in this Update may be considered forwarded looking statements. Uranium Energy Corporation and Lake make no representation and provide no assurance or guaranty that such forward looking statements will prove to be accurate. See the companies filings with the Securities and Exchange Commission for factors that may cause results to be significantly different. Statements of opinion and belief are those of the authors and/or editors of this Update, and are based solely upon the information possessed by such authors and/or editors; no inference should be drawn that such authors or editors have any special or greater knowledge about the company or companies profiled or any particular expertise in the industries or markets in which the profiled company or companies compete. The reader should verify all claims and complete his own due diligence before investing in any securities of the profiled company or companies. Neither Uranium Energy Corporation, Lake, nor anyone involved in the publication or dissemination of this Update is a registered investment adviser or broker/dealer. Uranium Energy Corporation and Lake make no recommendation that the purchase of securities of the company or companies profiled in this Update are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the company or companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree! of risk. An investor in such securities should be prepared and able t o bear a loss of his or her entire investment. Nothing in this Update should be construed as an offer or solicitation to buy or sell any securities of any profiled company. Lake has been retained to provide direct marketing services for the company profiled in this Update and receives compensation for those services. Further, Lake and its employees and affiliates may own, or may purchase and sell, securities of the company or companies profiled. Lake undertakes no obligation to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the profiled company or companies. Lake has the following compensation arrangements with the company or companies profiled in this Update: Lake receives an advertising fee ranging from $1,000 to $50,000 for each direct marketing list recommended and ordered for the dissemination of this Update. StreetInsider.com, Inc. has been paid $4000 to distribute this report. |
