UEX Announces Exploration Plan for the West Bear Cobalt-Nickel Prospect

UEX Corporation (TSX: UEX) (OTC PINK: UEXCF) (FRANKFURT: UXO) (“UEX” or the “Company”) is pleased to announce that the Company plans to spend $1.5 million drilling its 100% owned West Bear Cobalt-Nickel Prospect located on the Hidden Bay project, immediately east of the West Bear Uranium Deposit (“WBU Deposit”). The drill program is anticipated to begin in mid-February and complete 3,500 m of drilling with 30 to 40 holes to define the known mineralized zones.
As quoted in the press release:

“I believe the surging demand for cobalt driven by the rapidly growing electric car industry provides the Company with strategic alternatives to enhance value for our shareholders through this asset,” said Roger Lemaitre, President and CEO.

Click here for the full text release