Welcome to our dedicated page for Uranium Energy news (Ticker: UEC), a resource for investors and traders seeking the latest updates and insights on Uranium Energy stock.
Uranium Energy Corp (UEC) generates a steady flow of news related to uranium mining, processing and the broader nuclear fuel supply chain. As a uranium-radium-vanadium ore mining company with ISR projects in the United States and high-grade conventional projects in Canada, its announcements often highlight operational milestones, regulatory developments and strategic initiatives across its hub-and-spoke platforms.
Readers following UEC news can expect updates on ISR production ramp-up at Christensen Ranch in Wyoming’s Powder River Basin and the Burke Hollow project in South Texas, as well as progress at the Irigaray and Hobson central processing plants. Company releases also cover developments at the Sweetwater Uranium Complex, including its designation as a FAST-41 transparency project and plans to adapt the facility for dual-feed operations handling both conventional ore and ISR-produced resin.
Another key news theme is the advancement of United States Uranium Refining & Conversion Corp (UR&C), UEC’s wholly owned subsidiary formed to evaluate a new American uranium refining and conversion facility. Coverage includes feasibility work with engineering partners, public offerings intended to fund UR&C’s development, and commentary on how this initiative fits into U.S. critical mineral and nuclear fuel policy.
In addition, UEC news items frequently discuss progress at the Roughrider project in Saskatchewan’s Athabasca Basin, metallurgical testing, drilling programs, and pre-feasibility study work. Investors and observers can use this news page to monitor filings-related announcements, conference call schedules, public offerings, and policy-driven developments that affect UEC’s uranium projects and its position within the nuclear fuel supply chain.
Uranium Energy Corp. (NYSE American: UEC) has been featured in an editorial by NetworkNewsWire, discussing the urgent need for energy transition to achieve net-zero emissions. The International Energy Agency's recent plan emphasizes nuclear energy alongside renewables to stabilize energy access and pricing. As a leader in environmentally friendly in-situ recovery mining of uranium, UEC is strategically positioned to capitalize on this shift, supported by its licensed processing facilities and diverse uranium-related assets across the U.S. and Paraguay.
Uranium Energy Corp (NYSE American: UEC) announced the filing of its quarterly report on Form 10-Q for the nine months ended April 30, 2021. The filing includes condensed consolidated financial statements and management's discussion, available on both the SEC's and UEC's websites. As of April 30, 2021, UEC reported a total of $123.4 million in cash, equity, and physical holdings, which includes $47.9 million in cash and $49.3 million worth of shares in Uranium Royalty Corp.
Uranium Energy Corp (NYSE American: UEC) has increased its uranium holdings, acquiring an additional 200,000 pounds of U.S. warehoused uranium, totaling 2.305 million pounds at an average price of ~$30 per pound. UEC also purchased 1,000,000 shares of Uranium Royalty Corp (TSXV: URC, Nasdaq: UROY) to strengthen its strategic position, now owning 15 million shares at an average cost of C$1.09 per share. Following these acquisitions, UEC's total cash, equity, and inventory holdings exceed $115 million.
Uranium Energy Corp (NYSE American: UEC) highlights the urgency of domestic uranium production amidst national security concerns due to reliance on foreign sources. Scott Melbye, UEC's EVP, emphasizes restoring America’s nuclear infrastructure, which has declined due to geopolitical pressures. UEC stands ready to supply uranium, leveraging its production-ready status and extensive projects in Texas and Wyoming, including the largest pre-construction ISR uranium project in the U.S. UEC's operations emphasize environmentally friendly mining and include a robust portfolio of uranium-related assets.
Uranium Energy Corp. (NYSE American: UEC) has been featured in an editorial by NetworkNewsWire, highlighting the growing importance of nuclear energy as a clean and carbon-free electricity source in the U.S. The company is focused on low-cost, environmentally friendly in-situ recovery (ISR) uranium projects. UEC controls significant uranium exploration data and operates major projects in South Texas and Wyoming, aiming to bolster domestic uranium production. It also holds diverse uranium-related assets, including equity in Uranium Royalty Corp and physical uranium in the U.S.
Uranium Energy Corp (NYSE American: UEC) has reported promising results from its Burke Hollow ISR uranium project in South Texas. The company completed 40 resource delineation drill holes as of April 9, 2021, with several intercepts showing high grade thickness (GT) values ranging from 2.45 to 4.48, significantly above the ISR cut-off of 0.3 GT. The project is strategically supported by a fully licensed processing plant and encompasses five ISR projects, bolstering UEC's South Texas hub-and-spoke strategy.
Uranium Energy Corp (NYSE American: UEC) announced its participation in the upcoming H.C. Wainwright Spring Mining Conference to be held virtually on April 19-20, 2021. The company's President and CEO, Amir Adnani, will present an overview of UEC's business on April 19 at 10:00 AM ET and will engage in one-on-one meetings with institutional investors. UEC is recognized for its environmentally friendly In-Situ Recovery mining projects across the U.S., including operations in South Texas and Wyoming, which underpin its growth strategy.
Uranium Energy Corp (NYSE: UEC) has successfully closed a registered direct offering, selling 3,636,364 shares at $3.30 each, yielding gross proceeds of $12 million. The offering, finalized on April 9, 2021, was conducted under a Securities Purchase Agreement with institutional investors. Net proceeds will be allocated to uranium purchases and general corporate purposes. UEC now holds over $110 million in cash, equity, and inventory, with a significant physical uranium initiative including 2.105 million pounds of U.S.-warehoused uranium.
Uranium Energy Corp (UEC) announced the acquisition of an additional 705,000 pounds of U.S. warehoused uranium, raising total purchases to 2,105,000 pounds at an average price of ~$30 per pound. The company also engaged institutional investors to buy 3,636,364 common shares at $3.30 per share, generating gross proceeds of approximately $12 million. Post-offering and uranium delivery, UEC will hold over $110 million in cash, equity, and inventory. This initiative aims to strengthen the balance sheet, support marketing efforts, and enhance UEC's production capacity in Texas and Wyoming.
Uranium Energy Corp (NYSE: UEC) announced that Executive VP Scott Melbye testified before the U.S. Senate Committee on Energy and Natural Resources on March 25, 2021. Melbye emphasized the critical state of the U.S. uranium fuel industrial base, highlighting a growing dependence on foreign imports, particularly from Russia and China. He called for a strategic uranium reserve, citing $75 million appropriated by Congress for this purpose. Melbye stressed that swift action is needed to preserve the U.S. nuclear industry, national security, and to restore America’s global nuclear leadership.