Uranium Energy Stock Price, News & Analysis

Uranium Energy Corp (UEC) has achieved a significant operational milestone by successfully processing, drying, and drumming uranium concentrates at its Irigaray Central Processing Plant in Wyoming. This achievement follows the initial uranium production from the company's Christensen Ranch In-Situ Recovery operations. The produced uranium concentrates will be transported to the ConverDyn Conversion Facility in Illinois.

The company is six months into its phased ramp-up of operations, with this milestone being reached on schedule. As a debt-free and unhedged uranium producer, UEC maintains financial flexibility to adjust production based on market conditions. The White House's newly established National Energy Dominance Council has recognized uranium as a national asset, positioning UEC strategically in America's nuclear fuel supply chain as the largest and fastest-growing uranium company in the country.

Uranium Energy Corp (UEC) has completed the acquisition of 107,142,857 common shares of Anfield Energy Inc. for $10.46 million ($15 million CAD) at $0.14 CAD per share. Following this acquisition on January 15, 2025, UEC's total ownership in Anfield increased to 203,415,775 shares, representing approximately 17.8% ownership on a non-diluted basis and 24.2% on a partially diluted basis.

Prior to this transaction, UEC owned 96,272,918 Anfield shares and an equal number of warrants exercisable at $0.18 CAD per share until May 12, 2027. The company has agreed not to exercise warrants that would result in becoming a 'Control Person' without TSX Venture Exchange approval. UEC states the shares were acquired for investment purposes and may adjust its ownership position based on future evaluations.

Uranium Energy Corp (UEC), the largest and fastest-growing U.S.-based uranium company, will participate in the Goldman Sachs Energy, CleanTech & Utilities Conference on January 8-9, 2025. CEO Amir Adnani will deliver a fireside chat on January 8 at 2:20 PM ET, focusing on the growing demand for secure, U.S.-based uranium production and UEC's strategic market vision.

Management will conduct one-on-one investor meetings during the conference to discuss the expansion of UEC's production platforms and infrastructure, including their recent Sweetwater Plant acquisition from Rio Tinto in Wyoming. The company emphasizes its strategic position to meet increasing U.S. and global uranium demand from geopolitically stable jurisdictions.

Uranium Energy Corp (UEC) has completed the acquisition of Rio Tinto's Wyoming assets for $175.4 million in cash. The acquisition includes the Sweetwater Plant, a fully-licensed facility with 4.1 million pounds U3O8 annual capacity, and uranium mining properties including the Red Desert and Green Mountain Projects, containing approximately 175 million pounds of historic resources.

The Sweetwater Plant, with a 3,000-ton-per-day processing capability, can be adapted for both conventional and In-Situ-Recovery operations. This acquisition establishes UEC's third U.S. hub-and-spoke production platform and makes UEC the largest U.S. licensed production capacity holder at 12.1 million pounds U3O8 annually.

The company plans to upgrade historic estimates through an S-K 1300 technical report, build a dedicated team, and refurbish the Sweetwater Plant for ISR processing.

Uranium Energy Corp (UEC) reported key developments in its Q1 FY2025 quarterly report. The company successfully restarted operations at the Christensen Ranch Mine in Wyoming and began uranium resin transportation to the Irigaray Plant, which now has an expanded production capacity of 4.0 million pounds U3O8 annually. UEC completed an Initial Economic Assessment for the Roughrider Project, projecting a post-tax NPV of $946 million and 40% IRR.

The company announced an agreement with Rio Tinto to acquire the Sweetwater Plant and uranium projects in Wyoming with approximately 175 million pounds of historic resources. Financial highlights include sales of 210,000 pounds of U3O8 at $81.37 per pound, generating $6.3 million in gross profit. UEC maintains strong liquidity with over $350 million in assets and zero debt, while holding inventory of 1,256,000 pounds of U3O8 valued at $100.5 million.

Uranium Energy Corp (UEC) has completed an Initial Economic Assessment for its Roughrider Project in Saskatchewan, Canada, revealing strong financial metrics. The project shows a post-tax NPV of $946 million, an IRR of 40%, and a 1.4-year payback period. The mine plan projects an average production of 6.8 million pounds of uranium annually over a 9-year life span, with total production of 61.2 million pounds. The project features all-in-sustaining costs of $20.48 per pound and requires an initial capital investment of $545 million. Located in the infrastructure-rich Eastern Athabasca Basin, the project benefits from proximity to power, roads, and airport facilities.

Uranium Energy Corp (UEC) has received approval to increase the licensed production capacity at its Irigaray Central Processing Plant to 4.0 million pounds of U3O8 annually. This expansion is part of UEC's hub-and-spoke production strategy in Wyoming's Powder River Basin. The company is also anticipating the closing of its acquisition of Rio Tinto America's Wyoming assets, which will provide a third production platform in the U.S.

UEC's CEO, Amir Adnani, highlighted the growing demand for uranium from stable domestic sources, driven by the expansion of nuclear power in the U.S. The company has engaged Stantec to provide engineering services for its planned Powder River Basin production expansion. Upon closing the Rio Tinto deal, UEC will have a combined U.S. licensed production capacity of 12.1 million pounds of U3O8 per year across three hub-and-spoke platforms in Wyoming and Texas.

Uranium Energy Corp (NYSE American: UEC) has filed its Annual Report for the fiscal year ended July 31, 2024. Key highlights include:

• Successful restart of uranium production at Christensen Ranch ISR operations in Wyoming
• Advancement of South Texas hub-and-spoke ISR production platform
• Progress on the Roughrider Project in Canada's Eastern Athabasca Basin
• Attributable resources totaling 230.0 million pounds U3O8 in Measured and Indicated categories and 102.7 million pounds U3O8 in Inferred category
• Over 1,466,000 pounds of U3O8 inventories valued at $125.3 million
• $331.5 million in cash, equity holdings, and inventory at market prices, with no debt
• Acquisition of Rio Tinto's Sweetwater Plant and Wyoming uranium assets
• Achieved top 5th percentile Sustainalytics Rating in the Diversified Metals and Mining Subindustry

UEC remains 100% unhedged amid increasing global demand for nuclear energy and uranium.

Uranium Energy Corp (NYSE American: UEC) has agreed to acquire Rio Tinto's Wyoming assets for $175 million. The acquisition includes the Sweetwater Plant and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources. This transaction creates UEC's third U.S. hub-and-spoke production platform, expanding their uranium production capacity.

Key highlights of the deal include:

• Addition of a 3,000 ton per day processing mill with a licensed capacity of 4.1 million pounds per year
• Acquisition of over 53,000 acres of prospective land for exploration
• Extensive geological database from over 6.1 million feet of drilling
• Potential for both ISR and conventional mining methods

The acquisition is strategically timed amid growing demand for domestically sourced uranium, driven by geopolitical factors and increasing clean energy needs.