Uranium Energy's Palangan, Texas, mine gets boundary extension

The Texas Commission on Environmental Quality (TCEQ) recently issued Uranium Energy Corp. (UEC) permits to expand the boundary of its ISR Mine in Palangana, Texas from 6,200 acres to 8,722 acres, including production area-4 (PA-4).

The company has drilled 296 holes inside of PA-4 to delineate three mineralized trends. Well-field design is being finalized to prepare for installation of the first module inside the new production area.

The company's Burke Hollow project also received two Class I disposal well draft permits. 

Uranium Corp.'s Vice President of Environmental, Health and Safety Craig Wall said the company is pleased to make it through the rigorous technical review process of permit application.

“This milestone represents one of the four major permit reviews necessary to see the Burke Hollow project come to fruition, and we are all encouraged by the progress,” Wall said.

The mine permit and aquifer exemption applications for the Burke Hollow ISR Project are currently in the later stages of technical review with the TCEQ. The project contains an NI 43-101-qualified inferred resource estimate of 5.12 million pounds of uranium at an average grade of 0.09 percent U3O8. Burke Hollow has the potential to add resource expansion with two new prospective mineralized areas discovered by recent drilling, and a previously identified exploration target still to be explored and delineated. The project is currently composed of approximately 20,000 acres after the recent acquisition of a 1,825-acre lease, which was historically explored by Nufuels (Mobil) in 1982.

President and CEO Amir Adnani said UEC is well positioned for ongoing expansion of uranium at its centralized Hobson processing plant when full-scale production resumes.

“With the Burke Hollow Project making significant resource and permitting progress, there’s a substantial pipeline developing to support our hub-and-spoke growth plans,” Adnani said.

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Uranium Energy Corp

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