Today officials from Uranium Energy Corporation proudly announced that the company has completed the acquisition of the historic Kerr-McGee uranium database from Tronox Worldwide LLC, a spin-off of the former uranium-producing giant. This database is considered to be one of the largest of its kind, encompassing information on nearly all of North America and Australia. UEC will put the database to immediately use by reviewing and prioritizing the data in order to coordinate with current projects and future explorations.
The database consists of approximately 300 containers of maps, geologic reports, prospects, assays, electric logs of exploration and development drill holes, resource evaluations, engineering feasibility analyses, economic evaluations and details of advanced-stage development projects. The drill hole data includes the results from more than half a million feet of drilling. The database also contains extensive Airborne Radiometric Detection Apparatus (ARDA) results, representing airborne radiometric surveys across known and highly potential uranium-bearing regions of the US. The ARDA technology was developed by and proprietary to Kerr McGee.
President and CEO of UEC, Amir Adnani, commented on the acquisition by saying, “The Kerr-McGee database is the twelfth database now acquired by Uranium Energy Corp. This library of all twelve databases contains well over five million feet of uranium drill results covering Australia, Canada and virtually every state in the US, specifically concentrated on the main uranium-producing states. From this data, the Company has acquired and is assessing or actively exploring key projects in WY (2), TX (4), NM (4), AZ (2), and the Uravan Mineral Belt of CO/UT (3). The Company controls one of the largest uranium exploration and development information libraries in the US and is only starting to realize the value of this asset.”
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