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UEX Corporation Company Profile
UEX Corporation isn't looking for your typical metals. Formed by Pioneer Metals Corporation and Cameco Corporation, it is a development stage uranium (a basic material used for nuclear material) exploration company. It is currently exploring for uranium at its Black Lake project in the Athabasca Basin of northern Saskatchewan. Some of the company's other properties include Hidden Bay and Riou Lake. UEX has mining agreements with Cameco and AREVA group. UEX has a total of 19 projects either 100% owned, in a joint venture, or under option, totaling some 870,000 acres. Cameco maintains a 25% stake in the company.