Uranium Energy Corp.  (NYSE: UEC)A 

Announced that the Company recently concluded a drilling campaign designed to further advance its Burke Hollow in-situ recovery (“ISR”) uranium project towards uranium extraction.

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Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce that the Company recently concluded a drilling campaign designed to further advance its Burke Hollow in-situ recovery (“ISR”) uranium project towards uranium extraction.

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During the campaign, additional required monitoring wells were installed for Production Area Authorisation 1 (“PAA-1”).  Fifty-seven exploration and delineation test holes were drilled in the campaign. Discovery of additional mineralisation resulted in the expansion of the production area into significant extensions of previously identified trends, as well as the discovery of a new trend.

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Andrew Kurrus, the UEC’s VP of Resource Development stated, “We are pleased with our recently completed 2019 drilling and monitor well installation campaign at Burke Hollow. Exploration and delineation drilling have resulted in the discovery of additional mineralization that will create a larger PAA-1 production zone. With each drilling campaign, the project continues to exhibit positive results”.

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