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Uranium Energy Snapshot
Maybe one day they'll look on Mars, but in this lifetime Uranium Energy explores for uranium on our home planet. Specifically, Uranium Energy hopes to find nuclear power fuel in the US. The exploration-stage company has interests in 46,752 gross acres of mineral properties in Arizona, Colorado, New Mexico, Texas, Utah, and Wyoming. It is looking at properties previously explored between 1960 and 1985, but not developed; the company has amassed a database of these findings and bought a Texas database for $900,000. In 2010 Uranium Energy began exploration and also sold its stake in Cibolo Resources for $11 million to raise operating cash. As a development-stage company, Uranium Energy has not generated a profit.
