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Christie Lake (see Figure 2) is an exciting, growth-oriented, high-grade resource-stage project, strategically situated 9 km along strike of Cameco's McArthur River Mine and is of one of 29 projects in UEC's recent $171 million acquisition of UEX Corporation. (NYSE American: UEC), the " Company" or " UEC" is pleased to announce a new discovery of high-grade uranium at its 82.77% owned Christie Lake Project, located in the eastern Athabasca Basin (see Figure 1) of northern Saskatchewan, Canada (see "About the Christie Lake Project" below). Decades of Conventional Mining History with Superior Grade: Uranium from the Athabasca Basin places Canada among the top producers of global uranium using conventional production and the unique geology of the Athabasca Basin deposits can result in grades that exceed the world average of uranium deposits of 0.2% U 3O 8 by up to 100 times.ĬORPUS CHRISTI, Texas, Oct.

Strategic Location: Christie Lake Property is situated in the eastern Athabasca Basin approximately 9 km northeast and along strike of Cameco's operating McArthur River Mine, the world's largest and highest-grade uranium mine.

Growing Resources: New SK-1300 resource report for Christie Lake Project to incorporate the new drill results.

Amongst the Highest-Grade Drill Intersections of 2022: Latest drill results represent the highest-grade mineralized intersection ever encountered at the Christie Lake Project and amongst the sector's best uranium results of the year, mineralization remains open in all directions.

UEC's Newly Acquired Canadian High-Grade Pipeline: Christie Lake is one of 29 properties included in the portfolio from recently acquired UEX Corporation (UEX").