Uranium Energy Corp (NYSE AMEX: UEC) is a US-based junior resource uranium mining company focused on becoming a near-term ISR uranium producer in the United States. The company controls one of the largest historical uranium mining exploration and development databases in the US, which it has used to acquire advanced uranium properties throughout the southwestern US.Uranium Energy has focused its property acquisition program primarily in the states of Texas, Wyoming, New Mexico, Arizona, Colorado and Utah. This region has been recognized as the most concentrated area for uranium mining in the US. The company’s strategy of acquiring exploration databases and leveraging those databases to generate acquisition targets has been successful thus far. Uranium is primarily used as an energy source for nuclear fission reactors. Nuclear energy is a safe, highly efficient, and emission-free alternative to fossil fuels. In view of current annual reactor demand and current annual mine production, it has been estimated that there will be a supply shortfall of 80 million pounds per year for several years. With at least 140 new nuclear reactors now planned to be built over the next 10 years, this demand will only increase.With the public increasingly realizing that nuclear power plants generate electricity with far less greenhouse emission than fossil fuels, Uranium Energy Corp. sees themselves in a favorable position for funding and exploring all aspects of uranium development. They continue to explore for uranium opportunities to fuel their company’s growth and are well positioned to capitalize on the imminent explosion of demand for uranium.
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