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Uranium Energy Corp. (AMEX: UEC) Announces Addition to the Russell Microcap Index

Uranium Energy Corp. is focused on becoming a near-term ISR uranium producer in the United States. The company has acquired, and is developing, uranium properties throughout the southwestern US. In today’s news, Uranium Energy Corp. announced that it is now listed in the Russell Microcap Index as part of Russell Investment Group’s annual reconstitution of its family of U.S. indexes.

The Russell indexes are well known, and widely used among investment managers and institutional investors for both active and passive investment strategies. As of the end of May, the Russell indexes have captured the 4,000 largest domestic stocks, which are ranked by market cap to create the Russell 3000 Index and the Russell Microcap Index. Becoming a member of the index ensures Uranium Energy a greater exposure to institutional investors, as well as constant comparison to other industry players.

In other recent news from the company, Uranium Energy announced last month that all of its monitoring wells at Goliad ISR Uranium Project have been completed for the company’s first production area. As of June 16, a total of 247 drill hole tests have been completed in the ‘B’ Sand mineralized zone, and a total of 116 drill hole tests completed in the ‘A’ Sand mineralized zone. A total of 801 test holes have been drilled since Uranium Energy initiated its drilling program in summer of 2006.

Let us hear your thoughts: Uranium Energy Corp. Message Board

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