Uranium Energy Completes Sale of Uranium

Uranium Energy Corp (NYSE:UEC) announced the second sale of uranium for $52 a pound.

As quoted in the press release:

As a result of this latest sale, the Company has fulfilled its Fiscal 2012 obligations under the multi-year uranium sales contract announced on June 14, 2011.  The remaining obligations require the Company to deliver a total 200,000 pounds of U₃O₈ from the Company’s Hobson processing facility during Fiscal 2013 and 2014, with the price to be based on published market price indicators at the time of delivery.

Click here to read the Uranium Energy Corp (NYSE:UEC) press release.