Uranium Energy Corp''s Executive VP Scott Melbye Testifies at the U.S. Senate Committee on Energy&Natural Resources

ID: 1566030
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(PresseBox) - Uranium Energy Corp (NYSE American: UEC, the ?Company? or ?UEC? - https://www.commodity-tv.com/play/scott-melbye-uranium-market-fundamentals-are-very-bullish/) is pleased to report our Executive Vice President Scott Melbye, and current President of the Uranium Producers of America, presented testimony at the Full Committee Hearing on Nuclear Energy for the Senate Committee on Energy & Natural Resources on March 25, 2021.

A link to watch the video of Mr. Melbye?s testimony and the full text are below:https://www.uraniumenergy.com/usuranium/

?It is an honor to testify before the Senate Energy and Natural Resources Committee.

I have 36 years of experience in every facet of the international nuclear fuel cycle from the production and global marketing of uranium to its use as clean-energy fuel in the Palo Verde Nuclear Station near Phoenix, Arizona.

This is an exciting time for nuclear, which is already providing electricity to 1 in 5 American homes and over half of our nation?s carbon-free power.tate-owned uranium entities in recent years.

America is dangerously close to losing our uranium fuel industrial base:

We lack a domestic enrichment capacity free of control by foreign powers;

The sole U.S. conversion facility in Illinois has been idle since 2017 and will restart operations in 2023;

we are nearly completely dependent on foreign uranium imports ? state-owned entities in Russia, Kazakhstan, and Uzbekistan are supplying almost half of the fuel used by America?s reactor fleet.

Chinese state-owned entities are capturing large portions of global uranium mining capacity, taking supply out of the free-market and putting it under Beijing?s control.

Uranium is also required for naval propulsion and nuclear deterrence, the pure essence of what it means to be a critical mineral.



Russia and China fully leverage energy dominance to their geopolitical advantage.

The similarities to our rare earth mineral dependance on China are startling, but it doesn?t have to be this way and it isn?t too late.

With swift action to implement the strategic uranium reserve, the Department of Energy can take advantage of the licensed infrastructure and human resources we still have on standby.

Congress recently appropriated 75 million dollars for the uranium reserve on a bipartisan basis and with the support of nuclear utilities.

In closing, I applaud this Committee for exploring ways to advance America?s nuclear leadership and capabilities in support of clean energy goals, national security, and our global competitive presence.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly In-Situ Recovery (ISR) mining uranium projects.uction ISR uranium project in the U.S. Additionally, the Company?s diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the Company owns one of the largest and highest-grade ferro-titanium deposits in the world. The Company?s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicableexpectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, market and other conditions, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company''s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company''s filings with the Securities and Exchange Commission. For as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.



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Date: 03/26/2021 - 08:43
Language: English
News-ID 1566030
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