Mining Weekly reported that Uranium Energy announced an inferred mineral estimate for its ISR project in Bee County, Texas.

As quoted in the market news:

The company said drilling to date had outlined an inferred mineral resource, using a 0.02% cutoff for triuranium octoxide (U3O8), of three-million tons grading 0.047% U3O8 which contains an estimated 2.9-million pounds of the yellow powder. The project also hosts an exploration target of 1.8-million to 7.2-million pounds of total contained U3O8.

Click here to read the full Mining Weekly report.