Uranium Energy Corp. (AMEX: UEC) Reaches Production Milestone
US-based Uranium Energy Corp. (UEC) proudly announced the completion of all test wells in the company's first production area this week. According to production area authorization (PAA) procedure, UEC will now involve the Texas Commission on Environmental Quality, or TCEQ, in the testing phases of groundwater samples obtained from the wells. In addition to the monitoring wells, the drilling of pumping wells has also been accomplished in order to fulfill testing requirements for the site known as the Goliad ISR (in-situ recovery) Uranium Project. Results will be used to evaluate key factors such as permeability, drawdown (the drop in the…