In January Adnani's UEC was granted licenses to begin operating its Palangana mine in Duval County, Tex.

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Below is a three month price history chart comparing the stock performance of WLT, versus UEC and JRCC.

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Uranium Energy ( UEC - news - people ), the newest member of the producer's club.

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Then in 2007 UEC was investigated and sued for failing to properly plug exploration wells, allegedly leading to groundwater pollution.

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The Texas Railroad Commission, which regulates mining in the state, gave UEC the permit to do exploratory drilling at Goliad.

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Adnani, 32, founded UEC at the beginning of that rush, in 2005.

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Last year, after uranium prices had fallen from their highs, UEC was able to buy a processing plant and another mine near its existing holdings.

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With the Goliad project and a handful of other prospects, UEC aims to get to 3 million pounds a year before the end of the decade.

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He adds that the sections of the aquifers UEC will be mining contain only nonpotable water to begin with and that the ring of monitor wells it will install around the site will detect any movement of dissolved uranium beyond the production wells.

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