Texas Company Fully Funds Physical Uranium Purchases Research Report

TICKERS: UEC

Uranium Energy’s recent financing as well as its work at the Burke Hollow project are covered in an H.C. Wainwright & Co. report. In an April 15 research note, H.C. Wainwright & Co. analyst Heiko Ihle provided an update on Uranium Energy Corp.’s (UEC:NYSE AMERICAN) Burke Hollow project and the company’s recent offering.

As for its Burke Hollow in situ uranium asset in Texas, the company has been working since April 9 to delineate the resource there, Ihle noted. Using two rigs, Uranium Energy completed 40 holes, the goal being to better understand the five Goliad Formation trends in production area PAA-1.

Of that set of holes, highlight hole 283.0-319 encountered an average uranium grade of 0.163% and a 4.483 grade thickness.The energy company also placed 45 exterior monitoring wells there, adding to the existing 75, "to account for trend extensions," Ihle wrote.Ihle relayed that Uranium Energy’s recent financing closed, […]

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