Uranium Energy Corp. (UEC) Focused on Reducing Dependence on Foreign Uranium
The United States has one-fourth of the world's nuclear reactors. Every year the nation's 104 nuclear reactors burn though 55 million pounds of uranium to produce electricity. Yet, only 3.5 million pounds of uranium are actually mined in the United States. A Texas-based uranium mining – Uranium Energy Corporation – wants to change all of that. In January, Uranium Energy Corporation was granted licenses to begin operating its Palangana uranium mine in Duval County, Texas. The company believes it can start production at this mine by the end of the year. Its goal is to get more permits at more…