Uranium Energy Corp Increases Burke Hollow Resource by 38% with Results from Recent Drilling Campaign

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce that the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Burke Hollow project (the “Project”) in South Texas following completion of a recent 132-hole drill campaign.
The updated report estimates an Inferred mineral resource of 7.09 million pounds of uranium (“U3O8”) at a weighted average grade of 0.088% U3O8 contained within 4.06 million tons.
Andrew Kurrus, VP of Resource Development, stated:

“Burke Hollow is a grass roots discovery by the UEC team, and we are very excited about the drilling results to date.  We are confident that we will continue to expand the resource by exploring and delineating the multiple mineralized roll fronts on the property.
We anticipate that Burke Hollow will, over time, become a significant ISR resource directly in the U.S.  This latest drilling program utilized strategic borehole placement as opposed to traditional grid-like hole placements, resulting in more mineralized intercepts, better roll front definition efficiency, and better use of allocated budgets.”

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