June 19, 2009     

Greetings Investors,

We are pleased to report that Uranium Energy Corp (NYSE-AMEX: UEC) has made several recent achievements that are gaining recognition from leading energy analysts.

RBC Capital Markets upgraded the Company on June 8 to its top rating of "Outperform." RBC Capital Markets is the investment banking branch of Canada’s largest bank, Royal Bank of Canada.

Concurrently, Haywood Securities, National Bank Financial and Dundee Capital Markets have each increased their target price for the stock. In fact, Haywood has increased its target price twice in the last month. In addition, CIBC World Markets and Versant Partners have each initiated coverage of UEC with their top ratings.

Independent, energy-specialized analysts at these respected institutions are responding to rapid progress being made by UEC with its permitting process for getting into uranium production at its Goliad in-situ recovery project in South Texas. These analysts emphasize that UEC is the next public company anticipated to achieve uranium production in North America.

CNBC is also starting to take notice. Recently, CNBC featured an interview with Graham Bibby, managing director of Richmond Asset Management based in Hong Kong. Richmond's research indicates that uranium is "the opportunity of the decade." Mr. Bibby likens today's opportunity in uranium stocks to the original opportunity in oil. "[If] you could invest in Saudi Arabia before they discovered oil, if you could, you would obviously take that chance."

What stocks were profiled during the show? Just one, Uranium Energy Corp. To understand Mr. Bibby's perception and research on this market, please view this 3-1/2-minute feature: click the CNBC image above.

CNBC and the analysts mentioned above see an opportunity emerging in the uranium market, and believe that UEC may present one of the best ways to invest in this opportunity. Please view independent statements about Uranium Energy Corp and the uranium market from knowledgeable sources including Business Week and six uranium analysts, including those mentioned above, by clicking the UEC image to the right.

Here are the key factors, and recent achievements:

  • There's plenty of demand.The U.S. uses 55 million pounds of uranium each year to produce 20% of the country's electricity. In 2008, just 4 million pounds of uranium were mined here, down a little from prior years. Concurrently, usage can only increase. On March 4, in committee hearings in the Senate, U.S. Energy Secretary Steven Chu said the Energy Department is "moving as fast as we can" to provide loan guarantees for the construction of additional nuclear reactors in the U.S.

    Globally, regardless of the recession, uranium usage is rising steadily and mining production is FAR behind. This imbalance won't last. The price of uranium is in a viable range today, and is anticipated to rise sharply in coming years. In fact, after bottoming at $40/lb in early April, many analysts believe uranium may rise substantially this year.
     
  • UEC received its Draft Mine Permit and Draft Production Area Authorization #1 for in-situ recovery (ISR) of uranium at its Goliad Project in South Texas in June 2008 and June 2009, respectively. This is the first Draft Mine Permit and the first Draft PAA to be issued in over 10 years to a publicly listed company in the U.S.
     
  • Several uranium analysts anticipate production at Goliad to start in 2010, next year – North America's next producer.
     
  • It's no mystery why UEC has a strong lead in the race for new uranium production: The company's technical team has more experience than the others, having designed and initiated production at the last ISR facility to go into production, which is also in South Texas. In total, the company's technical team has participated in a meaningful way in 35 ISR uranium projects in the U.S.
     
  • The Company is well funded to aggressively pursue its key development targets in the months ahead.

To keep current on this rapidly emerging situation, click through here to the website, www.uraniumenergy.com and register to receive news. Or give us a call at 1-866-748-1030.

Thank you,

Uranium Energy Corp

9801 Anderson Mill Road, Suite 230
Austin, TX 78750
Toll Free 1-866-748-1030

 

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