Uranium Energy Corp (UEC: Quote) reported financial and production results for the
third quarter ended April 30, 2012.
The company reported a third-quarter net loss of $8.2 million or $0.10 per share, compared to a loss of $6.2 million or $0.09 per share last year.
Production from Palangana totaled 34,000 pounds and the Hobson facility processed 37,000 pounds of U3O8.
Additional Production Areas at Palangana: Production Area-3 (PA-3) is scheduled for development in the second half of 2012, with permits
under technical review. Additionally, work is underway to permit and
develop Production Areas-4 and 5.
At Production Area-4 (PA-4) and Production Area-5 (PA-5), the Company has
initiated activities in acquiring environmental information to enlarge.
Click here to receive FREE breaking news email alerts for URANIUM ENERGY CORP and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com