Uranium Energy Corp is pleased to announce that the International Atomic Energy Agency recently completed technical programs in Paraguay for the Paraguayan Vice Ministry of Mines and Energy in Asuncion designed to support the future exploration and development of uranium resources in the country. The Company Asuncion-based technical staff participated and contributed to the technical courses provided by the IAEA experts and led site visits to the Company Oviedo and Yuty ISR uranium projects.
Gustavo Da Silva, the Director of Mineral Resources for Paraguay, stated that he would like to take this opportunity to emphasize their satisfaction with the companies Transandes Paraguay S.A and Piedra Rica Mining S.A. - both wholly owned subsidiaries of UEC - that are carrying out activities in Paraguay in a respectful way according to the environmental guidance, and most of all they are strengthening the country geoscientific knowledge.
Victor Fernandez, UEC Country Manager, said that they are very pleased to have served with the IAEA to provide this valuable training. The course was well attended and clearly appreciated. Paraguay has exceptional geological potential for uranium deposits. Getting this potential understood by the right governmental officials is a significant step.
The IAEA program covered key areas of geology, geophysics and geochemistry for the discovery and evaluation of uranium deposits. The program was presented over a five-day period in August to 20 Ministry officials. UEC opened both its development-stage Yuty and exploration-stage Oviedo uranium ISR projects to the course, including reviews of uraniferous outcrops, cores, monitoring wells and reclaimed drill sites.
In Paraguay, UEC controls one of the largest in-situ recoverable property positions in the world with approximately 750,000 acres of prospective area.
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