Uranium Energy Corp - UEC STOCK NEWS

Uranium Energy Corp (UEC) files Form 10-Q for quarter ended January 31, 2024, meeting NYSE American requirements. The filing includes financial statements and management's analysis.

Uranium Energy Corp (NYSE American: UEC) reports successful drill results from its Roughrider Project in Northern Saskatchewan, Canada. The exploration drilling extends the potential of the East Zone deposit, with the discovery of new high-grade vein-hosted mineralization. The metallurgical drill program at Roughrider has been completed, with the best result being hole RR-879, which intersected 3.16% eU3O8 over 43.4 meters with sub-intervals grading 4.05% eU3O8 over 12.6 meters and 3.81% eU3O8 over 21.6 meters.

Uranium Energy Corp (UEC) has published its Sustainability Report for fiscal year 2023, aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures. The report highlights the company's achievements in environmental stewardship and is available on the company's website and filed with the SEC. President and CEO, Amir Adnani, emphasized the company's progress in advancing its sustainability program, maintaining industry-leading health and safety record, and prioritizing environmental stewardship as the foundation for long-term success.

Uranium Energy Corp (UEC) is restarting uranium production at its fully permitted Christensen Ranch In-Situ Recovery operations in Wyoming, with the first production expected in August 2024. The company will sell the uranium at prevailing spot market prices, which was $106 per pound U3O8 as of January 15, 2024. The Irigaray CPP is the hub central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch. UEC has a large uranium resource base and a strong balance sheet with $213.7 million in cash and liquid assets as of October 31, 2023.

Uranium Energy Corp (NYSE American: UEC) reports filing of quarterly report on Form 10-Q with the SEC

Uranium Energy Corp (UEC) is a leading uranium company committed to sustainable uranium mining and the development of carbon-free nuclear power. President and CEO, Amir Adnani, spoke at COP28 on UEC's role as the fastest growing uranium company, endorsing the Net Zero Nuclear Industry Pledge, and the increasing global demand for low-cost and net-zero energy supply. UEC is positioned as a low-risk and low-cost supplier to meet the growing demand for nuclear power's uranium requirements.

TerraPower and Uranium Energy Corp (NYSE American: UEC) have signed a memorandum of understanding to reestablish domestic supply chains of uranium fuel. The MOU aims to explore the potential supply of uranium for TerraPower's Natrium™ reactor and energy storage system. The Natrium demonstration project in Kemmerer, Wyoming, will be a commercial scale plant upon completion and will begin operations within a decade. UEC's Wyoming resources have the critical mass to be a highly reliable source of uranium for American HALEU and a good strategic fit to supply TerraPower's Natrium reactor. The Natrium technology is a 345-megawatt sodium-cooled fast reactor coupled with a molten salt-based energy storage system that can boost power output to 500-megawatts to serve peak demand, making it the ideal technology to pair with energy grids that have high penetrations of renewable resources.

Uranium Energy Corp (UEC) Announces Initial Assessment Technical Report Summary for Alto Paraná Titanium Project in Paraguay with World-Class Resources

UEC recorded revenue of $163.95 million from spot market sales of 3,150,000 pounds of uranium inventory, resulting in a gross profit of $49.60 million for FY2023. Weighted average sales price was $52.05 per pound U3O8. Completed $340.0 million in acquisitions. Attributable resources now total 226.2 million pounds U3O8 in Measured and Indicated Categories and 102.7 million pounds U3O8 in Inferred category. Supplied 300,000 pounds of U3O8 to the US Department of Energy for $17.85 million. Completed preparations to resume extraction/production at Christensen Ranch ISR Project and advanced Wyoming operations. Physical portfolio consists of 1.5 million pounds of U3O8 remaining to be received. Increased Hobson Processing Facility licensed capacity four-fold. $192.3 million in cash and liquid assets with no debt. CEO states that UEC remains 100% un-hedged and has the financial strength to advance projects and make acquisitions. Completed acquisitions of Rio Tinto Roughrider project and UEX Corp., creating a strong resource base in Athabasca Basin. Completed programs to accelerate production-readied timeline in South Texas and Wyoming. Belief that the uranium market is transitioning from an inventory burdened to a production-driven market. Geopolitical situations in Russia and Niger accelerate demand for secure uranium supply. UEC is in the early innings of a protracted growth stage for nuclear energy, uranium production, and the company.