IRVINE, Calif., March 6, 2007 (PRIME NEWSWIRE) -- "As speculation continues that uranium may soon hit $100 per pound, opportunistic uranium companies are broadening and expanding their exploration efforts," stated SmallCap Sentinel analyst D.R. Clark. "This week, Uranium Energy Corp (OTCBB:URME) exemplified as much, announcing the results of continued confirmation drilling and progress on mine permitting at its 100% controlled Goliad project in Goliad County, Texas. Goliad is quickly becoming one the most advanced stage uranium projects in the USA."
"It's interesting to note that the quality of the ore body as exhibited by the high grade ore intercept is URME's highest grade and thickness intersection to date and that the results are a continued confirmation of previous resource estimates;" Clark noted.
"This indicates a commitment by URME to move the Goliad project through regulatory requirements and toward ultimate production, and simultaneously illuminates the favorable prospects of expanding resources based on data from this recent round of confirmation drilling," Clark noted. "With prices rising, this news comes at a very good time for URME."
Uranium Energy Corp's share price has risen from $3.30 on January 9, 2007, the day it was first profiled in StockUpTicks & SmallCap Sentinel, to in excess of $9.00 U.S. recently.
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). To have your company featured in StockUpTicks or SmallCap Sentinel please use the contact info below.
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All information contained herein is based upon sources believed to be reliable but no representation is made as to 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 but do not currently and have not owned URME. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject companies.