Uranium Energy Corp. (AMEX: UEC) has entered into an option agreement with Neutron Energy, Inc. to purchase the company's 49% interest in Cibola Resources LLC for a cash payment of $11,000,000. In order for the company to exercise the option, Neutron must give the company written notice of their intention to exercise the option by December 31, 2009 and to pay by January 10, 2010.
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About Uranium Energy Corp
Uranium Energy Corp. (NYSE-AMEX: UEC) is a U.S.-based exploration and development company with the objective of near-term uranium production in the U.S. The Company's Goliad ISR Uranium Project in South Texas is in the final stages of mine permitting for production, and was recently issued a Final Draft Mine Permit and a Final Draft Production Authorization for Production Area 1. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. The company is well financed to execute on its key programs.
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