Resource World Magazine

Creek deposits at a cut-off grade of 0.30% U3O8 totals 67.66 million lbs U3O8 in the indicated resource category and 28.19 million lbs inferred. UEX reports an additional 2013 exploration budget for drilling at Shea Creek of $2.0 million. Ur-Energy Inc. [URE-TSX; URG-NYSE MKT] has completed permitting at its Lost Creek ISR uranium project in Sweetwater County, Wyoming and has started construction of a 2 million lbs/year processing facility. The operation is expected to be producing in the near future. Uranerz Energy Corp. [URZ-TSX, NYSE-MKT; U9E-FSE] is constructing its first in situ uranium mine in the Powder River Basin of Wyoming. The company has a processing agreement with Cameco and has two long-term sales agreements with US nuclear facilities. Uranium Energy Corp. [UEC-NYSE MKT; U6Z-FSE] reported financial and production results for the third quarter ended April 30, 2013. Production from its Palangana Mine in Texas increased to JULY 2013 69,000 lbs U3O8 compared to 48,000 lbs the previous quarter. During the quarter, the company sold 70,000 lbs U3O8 for revenue of US $2.8 million at US $40/lb. Cash cost/ lb sold decreased to US $23/lb primarily due to a 45% increase in production volume. Total resources in Texas increased by 22% to 16.1 million lbs U3O8. The Goliad ISR Project is now permitted with construction under way. Uranium One Inc. [UUU-TSX; Jo'burg], a significant uranium producer, has a diversified portfolio of uranium projects assets in Kazakhstan, the US, Australia and Tanzania. In Kazakhstan, the company has a 70% interest in the Betpak Dala joint venture which owns the Akdala Mine and the South Inkai Mine. Uranium One also has a 50% interest in the Karatau joint venture, which owns the Karatau Mine, and a 30% interest in the Kyzylkum joint venture, which owns the Kharasan Project. Uravan Minerals Inc. [UVN-TSXV] is flying a property-wide heliborne EM geophysical survey over the Stewardson Lake Project in the Athabasca Basin to be followed by geochemical surface program to identify promising drill targets. Yellowjacket Resources Ltd. is running airborne geophysical surveys over its uranium prospects in the southwest Athabasca Basin. The company is changing its name to Athabasca Nuclear Corp. [ASC-TSXV]. Zadar Ventures Ltd. [ZAD-TSXV] has agreed to acquire a 100% interest in the 7,744-hectare Patterson Northeast uranium project in the western Athabasca Basin. The project has road access and directly adjoins Fission's Patterson Lake North Project, recently 50%-optioned to Azincourt Resources Inc. Zadar has also signed an option agreement with Canterra Minerals Corp. [CTM-TSXV] and Triex Minerals Corp., a wholly owned subsidiary of Canterra, to acquire all of the Canterra/Triex interests in five significant and strategically located uranium projects, including over $15-million in exploration data, covering 67,561 hectares in the Athabasca Basin. n www.resourceworld.com 13

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