IRVINE, Calif., Jan. 9, 2007 (PRIME NEWSWIRE) -- "With the world's largest yellowcake producer having announced that its Cigar Lake mine is flooded, the already hot uranium market is expected to be even more volatile," stated SmallCap Sentinel analyst D.R. Clark. "With the underground workings at Cameco's once promising mine now completely flooded, the set-back may drive further yet a uranium market that has exploded over the past few years."
"Uranium experts are wondering what this disaster does to an already tight uranium supply. Considering that much of the anticipated supply from the Cigar Lake mine was already sold, will those buyers now be forced into the spot market?" said Clark. "This must bode well for the fortunes of uranium equities such as Uranium Energy Corp. (OTCBB:URME)."
Uranium Energy Corp., is a U.S.-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. URME is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009.
URME controls one of the largest historical uranium exploration and development databases in the U.S. Through the use of these databases, URME has acquired advanced uranium properties throughout the southwestern U.S. This region has historically been the most concentrated area for uranium mining in the U.S.
A StockUpTicks.com profile of URME is available at http://stockupticks.com/profiles/1-9-07.html
The informational report "Uranium for the SmallCap Investor" has been made available at www.SmallCapSentinel.com and will address the rise of interest in uranium related equities such as Energy Metals Corporation (NYSE:EMU), Uranium Resources, Inc. (OTCBB:URRE) and Uranerz (AMEX:URZ).
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All information contained herein is based upon sources believed to be reliable but no representation is made as to its accuracy or completeness. This report is neither a solicitation to buy nor an offer to sell securities but is rather a paid advertisement provided for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor and this report is not investment advice. MP has been paid twenty four thousand dollars by Uranium Energy for preparation and distribution of this report and other advertising services over a ninety day period. Additionally, MP and/or its affiliates, associates and employees from time to time may have either a long or short position in any securities mentioned. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject companies.