Uranium Energy’s Paraguay project advances to exploitation phase

The Yuty in situ recovery (ISR) project, one of two projects owned by US uranium producer and project developer Uranium Energy Corp (UEC) in Paraguay, is the third project to enter the exploitation phase since the country's current mining law was promulgated in 2007. The NYSE MKT-listed company reported on Friday that the project had received a signed resolution from the Ministry of Public Works and Communication (MOPC), the national agency that regulated mining in the country.