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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Waiting on News of Opening of World's Next New Uranium Mine 0 comments
    Nov 9, 2010 3:08 PM | about stocks: UEC, URRE, URZ, CCJ, URG, LEU, BHP, VALE, FCX, NEM, SLV, GLD
    Constructing the World's Next New Uranium Mine
    On August 30th, 2010 Uranium Energy Corp (NYSEMKT:UEC) announced that the Company had completed Phase One of Wellfield Development at the Palangana ISR uranium project in South Texas.

    Construction at Palangana is on-track for initial production starting in November this year.

    The Company has completed 40 injection and production wells thus far, which completed Phase One in the development of PAA-1. The wells will be brought on-stream in three approximately equivalent phases as part of the build-up to initial sustainable levels of production.

    Construction of Palangana’s ion-exchange satellite facility is underway with pumps and tanks to be being installed.

    Harry Anthony, Chief Operating Officer, stated, “The development progress at Palangana is on-track, on-schedule and on-budget for initial production starting in November this year. We are continuing the drilling, electrical build-out and wellfield piping, and are pleased with the pace and testing to date.”
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