SmallCap Sentinel: Rising Uranium Spot Price Ignites Interest

"Uranium continues to draw new investors and enthusiasts as its rising spot price hits $85 per pound,'' stated SmallCap Sentinel analyst D.R. Clark. ``The price may be as important as the path, as Uranium has shown a vertical chart that continues to break new ground."

"Uranium experts are also wondering what the Cameco disaster does to an already tight uranium supply. Considering that much of the anticipated supply from the Cigar Lake mine was already sold, will those buyers now be forced into the spot market?'' said Clark. ``This must bode well for the fortunes of uranium equities such as Uranium Energy Corp.

"Opportunistic sellers are intently watching market-related pricing demonstrating their belief that prices are heading higher. Industry experts forecast uranium hitting $100 average price in 2007," Clark reported.

Uranium Energy Corp., is a U.S.-based junior resource company with the objective of becoming a near-term ISL uranium producer in the United States. URME is developing its advanced-stage Goliad Project in South Texas, with ISL uranium production projected to begin in 2009.

URME controls one of the largest historical uranium exploration and development databases in the U.S. Through the use of these databases, URME has acquired advanced uranium properties throughout the southwestern U.S. This region has historically been the most concentrated area for uranium mining in the U.S.

Source: SmallCap Sentinel; Uranium Energy Corp.