Uranium Energy Corp Completes Phase One

Uranium Energy Corp (AMEX:UEC) reports its completion for the first of three phases of wellfield development at Production Area One at the Palangana ISR uranium project, South Texas.

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.

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