Uranium Energy Corp (UEC) 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.
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