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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol (s)
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Name of each exchange on which registered
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Item 7.01
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Regulation FD Disclosure
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●
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This filing marks the largest S-K 1300 uranium resource reported in the United States combining the acquired Uranium One Americas, Inc.’s (“U1A”) assets with UEC’s Reno Creek Project.
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The Irigaray Processing Plant is the Hub central to seven satellite projects across the Powder River Basin and Great Divide Basin, four of which are fully permitted, including Reno Creek.
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Total Measured and Indicated Resources disclosed across the assets are 61,956,200 lbs. with 56,858 tons grading 0.069% U3O8.
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Total Inferred Resources disclosed across the assets are 7,105,700 lbs. with 5,613 tons grading 0.064% U3O8.
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Significant potential for resource expansion with over 100,000 acres and historic resources in Wyoming, which is the most productive in-situ recovery (“ISR”) uranium mining region in the western hemisphere.
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As a U.S. domestic and domiciled company, UEC is now reporting all mineral resources in accordance with Item 1302 of Regulation S-K (“S-K 1300”);
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S-K 1300 was adopted by the SEC to modernize mineral property disclosure requirements for mining registrants and to align U.S. disclosure requirements more closely for mineral properties with current industry and global regulatory standards; and
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The mineral resource estimates set forth in this TRS have not previously been reported under the S-K 1300 format, except for the Reno Creek Project (See Company release dated February 9, 2022).
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Mineral Resource
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GT Cutoff
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Average
Grade %
eU3O8
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Ore Tons
(000s)
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eU3O8
(Pounds)
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Irigaray
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||||
Measured
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N/A
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N/A
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0
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0
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Indicated
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0.25
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0.076
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3,881
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5,899,000
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Total Measured and Indicated
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0.25
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0.076
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3,881
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5,899,000
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Christensen Ranch
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||||
Measured
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N/A
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N/A
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0
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0
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Indicated
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0.25
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0.073
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6,555
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9,596,000
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Total Measured and Indicated
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0.25
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0.073
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6,555
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9,596,000
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Moore Ranch
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||||
Measured
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0.30
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0.060
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2,675
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3,210,000
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Indicated
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N/A
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N/A
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0
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0
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Total Measured and Indicated
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0.30
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0.060
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2,675
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3,210,000
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Reno Creek
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||||
Measured
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0.20
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0.043
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14,990
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12,920,000
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Indicated
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0.20
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0.039
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16,980
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13,070,000
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Total Measured and Indicated
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0.20
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0.041
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31,970
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25,990,000
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Ludeman
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||||
Measured
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0.25
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0.094
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2,674
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5,016,900
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Indicated
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0.25
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0.088
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2,660
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4,696,900
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Total Measured and Indicated
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0.25
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0.091
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5,334
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9,713,800
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Allemand-Ross
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Measured
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0.25
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0.085
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246
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417,000
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Indicated
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0.25
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0.066
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32
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42,400
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Total Measured and Indicated
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0.25
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0.083
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278
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459,400
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Barge
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||||
Measured
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N/A
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N/A
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0
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0
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Indicated
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0.25
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0.051
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4,301
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4,361,000
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Total Measured and Indicated
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0.25
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0.051
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4,301
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4,361,000
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Jab/West Jab
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||||
Measured
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0.25
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0.072
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1,621
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2,335,000
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Indicated
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0.25
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0.077
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253
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392,000
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Total Measured and Indicated
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0.25
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0.073
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1,874
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2,727,000
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Project Totals
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||||
Measured
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22,206
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23,898,900
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Indicated
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34,662
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38,057,300
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Total Measured and Indicated
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56,868
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61,956,200
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Mineral Resource
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GT Cutoff
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Average
Grade %
eU3O8
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Ore Tons
(000s)
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eU3O8
(Pounds)
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Irigaray
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||||
Inferred
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0.25
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0.068
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104
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141,000
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Christensen Ranch
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Inferred
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N/A
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N/A
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0
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0
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Moore Ranch
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Inferred
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0.30
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0.047
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46
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43,700
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Reno Creek
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Inferred
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0.20
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0.039
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1,920
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1,490,000
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Ludeman
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Inferred
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0.25
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0.073
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866
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1,258,000
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Allemand-Ross
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Inferred
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0.25
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0.098
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1,275
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2,496,000
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Barge
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||||
Inferred
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N/A
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N/A
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0
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0
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Jab/West Jab
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Inferred
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0.25
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0.060
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1,402
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1,677,000
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Project Inferred Totals
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||||
Inferred
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5,613
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7,105,700
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Item 9.01
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Financial Statements and Exhibits
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(a)
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Financial Statements of Business Acquired
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(b)
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Pro forma Financial Information
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(c)
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Shell Company Transaction
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(d)
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Exhibits
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Exhibit
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Description
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99.1
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||
104
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Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
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DATE: April 5, 2022.
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URANIUM ENERGY CORP.
By: /s/ Pat Obara
Pat Obara, Secretary and
Chief Financial Officer
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