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) announced that the Senate Committee on Appropriations has proposed $150 million for the U.S. Uranium Reserve in the fiscal year 2021 draft funding measures. The funding is divided into $120 million for Nuclear Infrastructure and $30 million for Defense Non-proliferation. CEO Amir Adnani expressed optimism about bipartisan support moving the initiative forward, emphasizing the potential for growth in the domestic uranium mining industry, which is vital for the U.S. nuclear sector, supplying 55% of the nation’s carbon-free electricity.
Uranium Energy Corp (NYSE American: UEC) announced the filing of its annual report on Form 10-K for the fiscal year ended July 31, 2020. The report, which includes audited consolidated financial statements and management’s discussion, is accessible on the SEC's website and the Company’s website. UEC operates uranium mining and exploration projects primarily in South Texas, Wyoming, and internationally in locations such as Arizona and Paraguay. The Company aims to advance its operations under the management of industry professionals with extensive experience in uranium exploration and mining.
Uranium Energy Corp (NYSE American: UEC) has completed its offering of 12,500,000 units at $1.20 per unit, raising gross proceeds of $15 million. Each unit comprises one common share and a half warrant, allowing the purchase of additional shares at $1.80. Proceeds will support exploration and development initiatives across various projects. The offering was managed by H.C. Wainwright & Co. and Haywood Securities. The company holds significant uranium projects in South Texas, Wyoming, and other regions, positioning itself within a strong operational framework.
Uranium Energy Corp (UEC) has announced an increase in its underwritten public offering to 12,500,000 units at $1.20 per unit, aiming for gross proceeds of approximately $15 million. Each unit consists of a common share and a warrant, with an exercise price of $1.80, valid for 24 months. The funds are intended for exploration and development projects, as well as general corporate purposes. The offering is a response to heightened market demand and is set to close on September 23, 2020. This capital infusion aligns with UEC's objectives to strengthen its financial position and advance projects in Texas and Wyoming.
Uranium Energy Corp (NYSE American: UEC) announced a public offering of units priced at $1.20 per Unit to raise up to $8 million. Each Unit consists of one common share and one-half of a warrant, with each whole warrant allowing the purchase of a share at $1.80. The net proceeds will fund exploration and development initiatives and support general corporate purposes. Closing is anticipated around September 23, 2020.
Uranium Energy Corp (NYSE American: UEC) commends the U.S. Department of Commerce for negotiating an amendment to reduce U.S. reliance on Russian uranium by up to 75%. The agreement, which is open for public comment until September 28, aims to boost the American nuclear industry and enhance national security. With U.S. uranium production currently at zero, UEC sees significant growth opportunities, especially with licensed projects in Texas and Wyoming. The amended agreement is expected to average 17% of U.S. enrichment requirements through 2040, capping Russian imports at 5% by 2026.
Uranium Energy Corp (NYSE American: UEC) held its annual general meeting on July 30, 2020. Key outcomes included the election of six board members, the appointment of PricewaterhouseCoopers as the independent accounting firm, approval of the 2020 Stock Incentive Plan, and executive compensation. Following the meeting, Amir Adnani was re-appointed as President and CEO, with Pat Obara and Scott Melbye also retaining their roles. The company is engaged in uranium mining and exploration with operations primarily in South Texas and Wyoming.