Uranium Energy Corp reports developments in uranium production, project development and nuclear fuel-cycle infrastructure. Company updates center on in-situ recovery uranium operations in Wyoming and South Texas, including Burke Hollow, Christensen Ranch and the Irigaray Central Processing Plant, as well as uranium inventory, sales activity and unhedged exposure to uranium market pricing.
Recurring news also covers the company’s Canadian uranium portfolio anchored by the Roughrider Project in Saskatchewan, its United States Uranium Refining & Conversion Corp subsidiary, regulatory milestones tied to mining and conversion activities, public financing activity, quarterly operating results and U.S. policy actions affecting uranium as a critical mineral.
Uranium Energy Corp (NYSE American: UEC) announced the U.S. Senate Committee on Environment and Public Works has approved the bipartisan American Nuclear Infrastructure Act (ANIA). This bill includes a provision for a U.S. National Strategic Uranium Reserve (UR) to bolster the domestic uranium supply chain. Key aspects involve the Secretary of Energy establishing a uranium reserve program while excluding uranium sourced from Russia and China. UEC's operational base in Texas and Wyoming positions it favorably to supply uranium to this reserve, enhancing the U.S. nuclear industry's capacity and national security.
Uranium Energy Corp (NYSE American: UEC) announces that President and CEO Amir Adnani will present at the H.C. Wainwright Mining Conference on November 30, 2020, at 2:30 PM ET. Adnani will also participate in a Mining Panel Discussion at 12:30 PM ET, moderated by Carolin Roth from CNBC International. Other panelists include notable figures like Ross J. Beaty and Marin Katusa. Interested investors can register for UEC's live webcast at www.hcwevents.com/mining.
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.