Uranium Energy Corp (UEC) announced it has acquired the Coyote Ranch Project in Arizona. The project is comprised of approximately 1,120 acres of state leases located in eastern Apache County. This project compliments the company’s recently acquired Red Basin Project in neighboring Catron County, New Mexico.
The Coyote Ranch Project is approximately 10 miles east-northeast of Springerville, Arizona, and five miles west of the New Mexico state line. The company’s Red Basin Project is approximately 30 miles to the northeast of the Coyote Ranch Project, and within the same geologic formation.
Historic production grades, as reported by the New Mexico Bureau of Mines and Mineral Resources, in the Arizona-New Mexico de Baca trend average 0.17% U3O8. The disclosure related to the historic production grades has not been independently verified. The statement is considered relevant, but cannot be relied upon without verification.
Uranium Energy’s evaluation of this prospective uranium play is ongoing, and it plans to increase its land position both in Arizona and New Mexico. The company will initiate a mapping and sampling program on this project within the coming year.
Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern United States.
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