Former U.S. Energy Secretary Spencer Abraham Joins the Board of Directors of Uranium Energy Corp as Executive Chairman
Corpus Christi, TX, October 15, 2015 � Uranium Energy Corp (NYSE MKT: UEC, the �Company�) is pleased to announce the appointment of former United States Energy Secretary Spencer Abraham as Executive Chairman of the Company�s Board of Directors.
Amir Adnani, CEO and President, stated, �Secretary Abraham has been a prominent force and driver for the expansion of nuclear power in America and around the world. We are very pleased that he has chosen to take the leadership role as Executive Chairman of UEC. The experience, knowledge and resources he brings to our Company will be invaluable in directing our ongoing business plan of growing and consolidating the uranium industry in the U.S.�
�I am pleased to accept the Executive Chairman position at UEC and to be working together with Amir Adnani. With this talented management and proven technical team, I will enjoy taking on the opportunity of making UEC the largest uranium producer in the U.S.�, stated Secretary Abraham.. �Both the nuclear sector as a whole and this company in particular are on a path of major expansion. The U.S. is dependent on foreign uranium for 63% of the nation�s carbon-free electricity and has a strategic necessity to expand domestic sources of nuclear fuel.�
Spencer Abraham served as a U.S. Senator from Michigan from 1995 to 2001 and served as Secretary of Energy from 2001 to 2005. Since 2005, Secretary Abraham has been the Chairman and Chief Executive Officer of The Abraham Group, an international strategic consulting firm based in Washington, D.C. He also actively serves on the Leadership Council of the prominent Washington D.C. lobby, Nuclear Matters, an organization formed to help broaden America's understanding of the benefits of nuclear power. Secretary Abraham is an alumnus of Michigan State University and Harvard Law School. He currently serves on the board of Occidental Petroleum Corp. and several other companies, and was previously non-executive Chairman of Areva�s U.S. board.
Concurrently, the Company is announcing that Alan Lindsay, who has served as the Company's non-executive Chairman since its founding in 2005, is now appointed as Strategic Advisor. Mr. Adnani stated, �On behalf of the Board of Directors, we are most grateful for Alan�s vision and service as a founder and the chairman of the Company the past ten years. We will continue to rely on his experience in his new advisory role.�
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and exploration company. The Company's fully-licensed Hobson processing plant is central to all of its projects in South Texas, including the Palangana in-situ recovery (ISR) mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project. Additionally, the Company controls a pipeline of advanced-stage projects in Arizona, Colorado and Paraguay. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
Amir Adnani | President & CEO
URANIUM ENERGY CORP
Direct: (604) 682-9775 ext. 301
Fax: (604) 682-3591
Cell: (604) 617-0054
Toll Free: 1-866-748-1030
NYSE MKT: UEC | www.uraniumenergy.com
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