“Personal considerations make this the right time for me to step aside as President and CEO” said Sorensen. “The Company’s valuable assets, healthy treasury and strong leadership have made my decision easier. I am pleased with the Board’s decision to select Graham Thody to succeed me. Graham has played an important role in the success of UEX. The Company’s shareholders will benefit from his judgment and leadership as UEX enters into its next phase of growth.”
“Stephen Sorensen was instrumental in the formation of UEX and the acquisition and development of its world class deposits that has made UEX one of the finest uranium exploration and development companies in the world. This is his legacy,” said Graham Thody. “I personally wish to thank him for his dedication and loyalty to the Company and wish him the very best in his future endeavours.”
Thody has been a director of UEX since the 2001 inception of the company as a pure uranium explorer. He has been actively involved in the acquisition and advancement of its exploration and development properties. Thody is a Chartered Accountant who has been involved in various capacities with Canadian publicly listed companies since 1982. He retired from his role as Managing Partner of Nemeth Thody Anderson, CA in 2007. He has chaired the company’s audit committee since 2001 and in 2007 was elected as chairman of the board of UEX.
“The future of the uranium industry has never looked stronger given the number of nuclear reactors currently under construction or in the planning stage” said Thody. “Exploration and development of new uranium deposits to supply this reactor expansion is a fundamental requirement and UEX is at the forefront of this sector of the nuclear industry.”
