Constructing the World's Next New Uranium Mine
On August 30th, 2010 Uranium Energy Corp announced that the Company had completed Phase One of Wellfield Development at the Palangana ISR uranium project in South Texas.

Construction at Palangana is on-track for initial production starting in November this year.

The Company has completed 40 injection and production wells thus far, which completed Phase One in the development of PAA-1. The wells will be brought on-stream in three approximately equivalent phases as part of the build-up to initial sustainable levels of production.

Construction of Palangana’s ion-exchange satellite facility is underway with pumps and tanks to be being installed.

Harry Anthony, Chief Operating Officer, stated, “The development progress at Palangana is on-track, on-schedule and on-budget for initial production starting in November this year. We are continuing the drilling, electrical build-out and wellfield piping, and are pleased with the pace and testing to date.”
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