Uranium Energy Corp. (UEC) Processes First Shipment of Uranium from Patlangana ISR Project

QualityStocks would like to highlight Uranium Energy Corp. (NYSE AMEX: UEC), a U.S.-based exploration and development company with the objective of near-term uranium production in the U.S.

In the company’s news today,

Uranium Energy Corp. was pleased to announce that it has started the processing of the first shipment of uranium-loaded resins at its Hobson processing plant. Received earlier this week, the shipment consisted of 500 cubic feet of uranium-loaded resins contained within one of the company’s two U.S. Department of Transportation-approved tanker trailers specially built for this purpose.

Harry Anthony, Chief Operating Officer, stated, “Hobson is a state-of-the-art processing facility now operating under the supervision of experienced staff headed by VP Production Bob Underdown and Hobson Superintendent Greg Kroll. We are confident of standard and secure operations here. We will continue to ramp up production at the Palangana ISR project and the Hobson processing facility over the ensuing weeks and months.”

Converting uranium loaded resin beads to marketable yellowcake (U3O8) at Hobson includes stripping the uranium from the resin beads using a salt solution, precipitating the yellowcake slurry from the salt solution, filtering it from the remaining solution, then vacuum drying and packaging the yellowcake into drums for delivery.

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