Uranium Energy Stock Price, News & Analysis

Uranium Energy Corp (UEC) has achieved a leading position in sustainability within the uranium sector, receiving a Sustainalytics Rating of 23.8. This places UEC in the top 5th percentile of the Diversified Metals and Mining Subindustry as rated by Morningstar Sustainalytics as of September 2, 2024.

President and CEO Amir Adnani expressed pride in attaining this top position, highlighting UEC's commitment to integrating sustainability into core business operations since inception. The company's focus includes measuring and reducing carbon emissions, improving biodiversity, restoring project areas, and supporting local communities.

UEC's latest Sustainability Report, available on their website, details these achievements. The company aims to create long-term value for shareholders, stakeholders, and Indigenous rights holders by balancing environmental care with business growth.

Uranium Energy Corp (NYSE American: UEC) reports significant drill results from its Roughrider Project in Northern Saskatchewan, Canada. The company intersected 6.96% eU3O8 over 13.5 m with a higher-grade sub-interval of 12.7% eU3O8 over 7.2 metres in drill hole RR-940, located 850 m northeast of the Roughrider Deposit. This represents the best hole to date outside the resource area.

UEC is advancing Roughrider through a three-pronged approach: expanding resources with additional drilling, completing an Initial Assessment Technical Report, and conducting Environmental Assessment baseline studies. The company is utilizing new Ambient Noise Tomography (ANT) survey technology to identify new targets along existing exploration corridors.

Uranium Energy Corp (UEC) has successfully restarted uranium production at its Christensen Ranch In-Situ Recovery operations in Wyoming. Production began on August 6th in Mine Unit 10, with uranium concentrations meeting expectations. The company has achieved all planned startup milestones, including hiring and training the initial workforce. The first yellowcake shipment is anticipated in November or December 2024.

UEC's Irigaray Central Processing Plant, with a current licensed capacity of 2.5 million pounds U3O8 per year, will process the recovered uranium. A license amendment under review is expected to increase capacity to 4.0 million pounds annually. The company is in full growth mode, with plans to expand production to Mine Units 7 and 8 in the coming months and develop Mine Unit 11.

Uranium Energy Corp (NYSE American: UEC) has announced a succession plan for its Chief Financial Officer position. Josephine Man will be joining the company and succeeding Pat Obara as Treasurer and CFO, effective October 1, 2024. Obara, who has been with UEC since 2006, will transition to the role of Senior Vice-President, Administration after filing the company's Annual Report on Form 10-K for the current fiscal year.

CEO Amir Adnani praised Obara's 18-year contribution to UEC and expressed excitement about Man's appointment, citing her strong financial background and experience as valuable assets for the company's plans to ramp up operations and move into commercial production. Man brings extensive experience in financial reporting, corporate finance, M&A, and risk management, having previously served as CFO for Uranium Royalty Corp and Gold Royalty Corp.

Uranium Energy Corp (NYSE American: UEC) held its Annual General Meeting (AGM) on July 16, 2024, with several key proposals ratified by stockholders. Amir Adnani, Spencer Abraham, Vincent Della Volpe, David Kong, Gloria Ballesta, and Trecia Canty were elected to the Board of Directors. PricewaterhouseCoopers LLP was appointed as the independent registered accounting firm. The company's 2024 Stock Incentive Plan was approved with 97.82% in favor, and executive compensation was approved with 97.13% in favor. Following the AGM, the Board of Directors re-appointed Amir Adnani as President and CEO, Pat Obara as Secretary, Treasurer and CFO, Scott Melbye as Executive VP, and Brent Berg as Senior VP of U.S. Operations.

Uranium Energy Corp (NYSE American: UEC) announced a significant resource increase at its Burke Hollow ISR Project in South Texas. The new S-K 1300 technical report summary reveals a rise in Measured and Indicated (M&I) resources from 2,324,000 lbs to 6,155,000 lbs U3O8, with Inferred resources now at 4,883,000 lbs. The Texas Hub and Spoke platform's total M&I resources are now 12,958,000 lbs, with Inferred resources at 9,948,100 lbs. UEC's South Texas and Wyoming platforms boast 79,156,000 lbs of M&I resources and 25,002,000 lbs of Inferred resources. The TRS confirms UEC's leadership in U.S. ISR uranium mining, emphasizing the low-cost, environmentally friendly ISR methods. The TRS was prepared by WWC Engineering and filed on June 12, 2024.

Uranium Energy Corp (NYSE American: UEC) has filed its Fiscal 2024 Q3 quarterly report as of April 30, 2024, with the SEC. The report includes interim condensed consolidated financial statements, related notes, and management's discussion and analysis. Investors can view the detailed report on the SEC's website or UEC's official site. This filing complies with NYSE American requirements and provides important insights into the company's financial health for the specified period, covering key metrics and financial performance.

Uranium Energy Corp (NYSE American: UEC) commends the U.S. Senate for passing a bipartisan bill to ban Russian uranium imports, reinforcing national security and energy independence. The bill's passage signifies a pivotal moment in reshaping the domestic nuclear supply chain by eliminating reliance on Russian imports, fostering American uranium production, and bolstering the country's nuclear energy sector. The legislation stands to infuse $2.72 billion into domestic uranium fuel production, heralding a new era for the U.S. uranium industry.