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Uranium Energy (UEC) Receives Final Authorization for Goliad ISR Project

December 5, 2012 10:34 AM EST Send to a Friend
Uranium Energy Corp. (AMEX: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas. As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption ("AE"), and has been awaiting AE concurrence from EPA Region 6. In accordance with regulatory procedure, the EPA reviews AE applications after a Primacy State, such as Texas, has issued a mine permit and AE. EPA Region 6 has now completed its review and has issued its concurrence.

Amir Adnani, President and CEO, stated, "We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company's near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant."

The facility at Hobson is the foundation of the Company's regional hub-and-spoke operating strategy in the South Texas Uranium Belt, and processes uranium-loaded resins from satellite projects into the final product known as yellowcake or U3O8.




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