IRVINE, Calif., May 2, 2007 (PRIME NEWSWIRE) -- "Recent moves by Uranium Energy Corp. (OTCBB:URME) send a strong signal to investors that the company is supremely confident in uranium and its ability to continue to expand the company's footprint in the sector," stated SmallCap Sentinel analyst D.R. Clark. "The acquisition of 49% of Cibola Resources LLC, the owner of a mining lease covering approximately 6,700 acres in the Cebolleta Land Grant located in Cibola County, New Mexico is a prime example."
"This is in addition to their existing efforts," Clark noted. "Now, they're adding opportunities in New Mexico to their advanced stage Goliad Project in South Texas."
Historic resource estimates published by the New Mexico Bureau of Geology and Mineral Resources, and supported by SOHIO and other previous operator data, indicate that the Cebolleta Land Grant has 20.65 million pounds of uranium remaining in-situ. Paul Pierce, Uranium Energy Corp's Manager of Mine Development, was employed by SOHIO, as mining engineer, during the time of production at JJ Number 1/L-Bar, and has excellent knowledge of this property.
Uranium Energy Corp 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.
A StockUpTicks.com profile of URME is available at http://stockupticks.com/profiles/1-9-07.html
The 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 Uranium Resources (Nasdaq:URRE), Uranerz Energy Corp. (AMEX:URZ) and Energy Metals Corp. (NYSE:EMU).
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Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
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 offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP is not 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 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.