UEC and International Atomic Energy Agency Advance Uranium Cooperation With Paraguay

Uranium Energy Corp (NYSE MKT:UEC) announced that the International Atomic Energy Agency (IAEA) has recently completed technical programs in Paraguay aimed at supporting the future exploration and development of uranium resources in the country. UEC’s Asuncion-based technical staff participated and contributed to the technical courses provided by the IAEA experts and led site visits to its Oviedo and Yuty ISR uranium projects.
As quoted in the press release:

The IAEA program covered key areas of geology, geophysics and geochemistry for the discovery and evaluation of uranium deposits. The program was presented over a five-day period in August to 20 Ministry officials. UEC opened both its development-stage Yuty and exploration-stage Oviedo uranium ISR projects to the course, including reviews of uraniferous outcrops, cores, monitoring wells and reclaimed drill sites.
In Paraguay, UEC controls one of the largest in-situ recoverable property positions in the world with approximately 750,000 acres of prospective area. The Company’s Yuty Project has a National Instrument 43-101 (“NI 43-101”) Measured and Indicated Resource of 8.914 million pounds grading 0.052% U3O8 with an Inferred Resource of 2.226 million pounds grading 0.047% U3O8(1). The Company’s Oviedo Project has an Exploration Target of 23 to 56 million pounds grading 0.040% to 0.052% U3O8(2). Historic exploration by the Anschutz/Taiwan Power/Korea Electric Power joint venture and by Cameco/Cue Resources, plus recent exploration by UEC totals approximately US$50M in advancing these projects.

Victor Fernandez, UEC’s Country Manager, stated:

We are very pleased to have served with the IAEA to provide this valuable training. The course was well attended and clearly appreciated. Paraguay has exceptional geological potential for uranium deposits. Getting this potential understood by the right governmental officials is a significant step.

Click here for the full press release.