Uranium Energy Stock Price, News & Analysis

Uranium Energy Corp (NYSE American: UEC) announces its acquisition of UEX Corporation (TSX: UEX), which will double UEC's uranium resources while only diluting shares by 13.7%. With a pro forma portfolio, UEC will lead in uranium assets in North America, focusing on stable jurisdictions. The deal includes an exchange ratio of 0.0831 UEC shares for each UEX share, valuing UEX at approximately C$0.43 per share, a 50% premium. The arrangement aims to enhance production readiness, leveraging UEX's 29 uranium projects, while UEC retains a solid balance sheet with over $180 million in cash.

Uranium Energy Corp (NYSE: UEC) has settled $18.34 million in debt through transactions with Anfield Energy Inc., following its $112 million acquisition of Uranium One Americas. UEC will have over $182 million in cash and liquid assets, and no debt after this settlement. The deal includes a property swap, consolidating 25 uranium properties into UEC's Wyoming portfolio, increasing its landholdings by 50%. CEO Amir Adnani highlighted these strategic moves amidst the Biden Administration's proposal for $3.5 billion in domestic uranium purchases to bolster U.S. energy security.

Uranium Energy Corp (NYSE: UEC) has expanded its physical uranium program to 5 million pounds of U₃O₈ by securing an additional 400,000 pounds. This acquisition, at a volume-weighted average price of ~$38 per pound, represents an unrealized gain of over $125 million based on current spot prices. UEC's strategy involves leveraging its U.S. warehoused inventories in response to geopolitical uncertainties, with delivery staged through December 2025. This move enhances UEC's balance sheet and supports potential future sales, especially amidst a projected supply deficit exceeding 215 million pounds by 2026.

Uranium Energy Corp (NYSE: UEC) reported that Scott Melbye testified before the Senate Committee on Energy and Natural Resources on March 31, 2022. His testimony highlighted the urgent need for the U.S. to secure its uranium supply, currently reliant on foreign entities from Russia and central Asia. Melbye emphasized that the U.S. nuclear fleet's operation is jeopardized by this dependency, with domestic producers supplying almost none of the fuel. UEC is advancing environmentally friendly in-situ recovery (ISR) uranium projects in South Texas and Wyoming, while holding a significant U.S. uranium portfolio.

Uranium Energy Corp (UEC) has filed a Technical Report Summary (TRS) under S-K 1300, revealing a total of 61,956,200 lbs of Measured and Indicated Resources and 7,105,700 lbs of Inferred Resources from its acquisition of Uranium One Americas and its Reno Creek Project.

The TRS highlights the largest S-K 1300 uranium resource reported in the U.S., with significant potential for resource expansion across over 100,000 acres in Wyoming, known for its ISR uranium mining.

Uranium Energy Corp (NYSE American: UEC) has filed its quarterly report on Form 10-Q for the six months ended January 31, 2022, with the U.S. Securities and Exchange Commission. This filing includes condensed consolidated financial statements and management's discussion and analysis, available on the SEC and company websites. UEC is a leading uranium mining company operating ISR projects in South Texas and Wyoming, with a diversified portfolio that includes physical uranium holdings and resource-stage projects across several states and Paraguay.

Uranium Energy Corp (NYSE: UEC) shared a positive outlook for 2022 in a letter to shareholders, highlighting a decade-high uranium price and a robust balance sheet with $125 million in cash. The company's recent $112 million acquisition of Uranium One Americas has strengthened its position as a leading U.S. uranium producer, with operational hubs in Wyoming and South Texas. Key plans for 2022 include expanding production capabilities, enhancing technical reports, and a new physical uranium portfolio strategy. UEC also emphasizes the growing importance of nuclear energy in achieving low-carbon goals amidst global supply chain challenges.

Uranium Energy Corp (NYSE: UEC) announced the filing of a Technical Report Summary (TRS) for its Reno Creek Project in Wyoming, marking compliance with Regulation S-K 1300. This regulation updates mineral property disclosure for U.S. mining companies. The TRS reports an in-place resource of 12.92 million pounds of U₃O₈ measured and 13.07 million pounds indicated, with 1.49 million pounds inferred. The project is fully permitted, and UEC anticipates operational synergies with its Irigaray Processing Plant following its acquisition of Uranium One Americas.

Uranium Energy Corp (NYSE American: UEC) announced it has fully repaid its $10 million secured credit facility, making the company entirely debt-free as of January 31, 2022. As of February 2, 2022, UEC holds approximately $125 million in cash and liquid assets. The company has enhanced its financial flexibility through strategic acquisitions, including Uranium One, and now boasts an annual production capability of 6.5 million pounds of uranium from seven fully permitted projects in Texas and Wyoming. This positions UEC as a leading U.S.-based uranium mining company.