IRVINE, Calif., March 14, 2007 (PRIME NEWSWIRE) -- "In a market already dealing with the diminished supply prospects caused by the dramatic Cigar Lake flood, another water-logged mishap has further compromised future uranium supply," stated SmallCap Sentinel analyst D.R. Clark. "Uranium speculators are watching to see what the impact will be on the spot price."
"And this recent flood should have a more immediate impact," Clark added. "While the Cameco Cigar Lake flood took 2008 uranium supply off the calendar the Ranger flood will have a deleterious effect on uranium expected to be ready for this year."
"It would seem logical, obvious even, that these two events must increase buyers in the spot market," Clark stated. "Exploration companies like Uranium Energy Corp (OTCBB:URME) must be licking their chops."
Uranium Energy Corp (OTCBB:URME) is a U.S.-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company is developing its advanced-stage Goliad Project in South Texas, with ISR uranium production projected to begin in 2009.
Uranium Energy Corp controls one of the largest historical uranium exploration and development databases in the U.S.
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 Ur-Energy Inc (TSX:URE), Energy Metals Corp. (NYSE:EMU) and Cameco Corp. (NYSE:CCJ)
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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 isn't an investment advisor and this report is not investment advice. MP has been paid $24,000 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.