Uranium Energy Receives Mine Permit And Production Area Authorization (UEC)

Uranium Energy UEC announces that the Commissioners of the Texas Commission on Environmental Quality have now approved the Mine Permit and the Production Area Authorization for Production Area One (PA-1), and have granted the request for designation of an Exempt Aquifer for the Company's Goliad in-situ recovery (ISR) project in South Texas. The approvals, granted today, bring a conclusion to an administrative hearing, which is part of the State's permitting process. With this important milestone, the Goliad project only has one remaining Texas authorization pending, a Radioactive Material License (RML). The RML application is at an advanced technical review stage with TCEQ. The Company is planning to file updating information to TCEQ in mid-January. Upon receiving the updated information, TCEQ will move toward concluding its technical review of the RML.