Animated View of the Kianna Deposit Mineralized Intercepts
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UEX Corporation is a Canadian uranium exploration and development company formed under agreement between Cameco Corporation and Pioneer Metals Corporation. UEX began trading on the Toronto Stock Exchange in July 2002 and is an active explorer in the Athabasca Basin in northern Saskatchewan, which is the most important uranium-producing district in the world, accounting for approximately 23% of global primary uranium production in 2005. UEX has a total of 19 projects either 100% owned, joint ventured or under option totaling approximately 375,000 hectares (925,000 acres) located in the eastern, western and northern perimeters of the Athabasca Basin.
UEX operates its 100%-owned Hidden Bay Uranium Project, Riou Lake Uranium Project, and Northern Athabasca Projects. UEX also operates the Black Lake Uranium Project, which is a joint venture with AREVA Resources Canada Inc. ("AREVA"), 89.96% UEX - 10.04% AREVA as of December 31, 2008. The ten Western Athabasca Projects, including the Shea Creek Project, are joint ventures where UEX holds a 49% interest and AREVA holds a 51% interest, which are operated by AREVA along with the Beatty River Project which is under option from the Japan-Canada Uranium Company, Limited.
UEX is currently developing several uranium deposits in the Athabasca Basin which include the Kianna, Anne and Colette Deposits at its Shea Creek Project, a joint venture with AREVA in the western Athabasca Basin, and the West Bear, Raven and Horseshoe Deposits at its 100%-owned Hidden Bay Project in the eastern Athabasca Basin.
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