Uranium Energy Stock Price, News & Analysis

Uranium Energy Corp (UEC) has received $17.85 million from the U.S. Department of Energy (DOE) for supplying 300,000 pounds of U.S. origin uranium concentrates at $59.50 per pound. This award supports the DOE's National Nuclear Security Administration's strategic national Uranium Reserve program, as outlined in a contract announced on December 20, 2022. UEC's President and CEO, Amir Adnani, expressed satisfaction with the supply, anticipating further collaboration with the DOE. UEC aims to be a leader in environmentally friendly uranium production, supporting the transition to a low-carbon future.

Uranium Energy Corp (NYSE American: UEC) has filed a Technical Report Summary (TRS) detailing updated mineral resources at its Horseshoe-Raven Project in Saskatchewan. Since acquiring UEX Corporation in August 2022, this marks the second resource estimate. The report indicates 37.43 million lb. U₃O₈ in indicated resources, with 23.59 million lb. at the Horseshoe Deposit and 13.83 million lb. at the Raven Deposit. The project spans 11,085 acres near Cameco's Rabbit Lake mill, suggesting favorable mining conditions without costly ground freezing.

Uranium Energy Corp (NYSE American: UEC) announced its participation in the 2023 TD Securities Mining Conference, scheduled for January 26, 2023, at 10:20 am Eastern Time. Investors can register for the live webcast via the registration link. Following the event, a recording will be accessible on the company’s website for 90 days. UEC is a leading North American uranium supplier, focused on environmentally friendly In-Situ Recovery mining projects. The company holds significant assets, including operational ISR platforms in South Texas and Wyoming, and has a robust uranium portfolio.

Uranium Energy Corp (UEC) announces high-grade uranium mineralization from drill hole CB-178-1 in the Christie Lake Project. The hole revealed an intercept grading 5.42% eU₃O₈ over 15.6 meters, highlighted by a subinterval grading 23.2% eU₃O₈ over 3.4 meters. This expands the Sakura Zone footprint, previously reported in October 2022. The project, located near the McArthur River mine, spans 19,576 acres and is part of UEC's Eastern Athabasca Hub strategy. Ongoing exploration is underway, with more results expected during the winter drilling campaign. UEC's CEO highlighted the potential for further resource growth.

Uranium Energy Corp (UEC) has filed a Technical Report Summary (TRS) on the Shea Creek Project, marking its first resource estimate in Saskatchewan since acquiring UEX Corporation. The combined resources total 95.63 million lb. U₃O₈, with UEC's attributable share at 46.95 million lb. The report, compliant with S-K 1300, includes data from 477 drill holes totaling 402,800 m. The Shea Creek site holds significant potential for resource expansion along the Saskatoon Lake Conductor Trend, crucial for the Company's growth.

Uranium Energy Corp (NYSE: UEC) announced significant growth with two strategic acquisitions: UEX Corporation for $192.7 million and Rio Tinto's Roughrider Project for $146.2 million. These moves are expected to double UEC's resources in Canada. The company reported revenues of $57.2 million for the quarter ending October 31, 2022, with a gross profit of $13.8 million. UEC holds $110.5 million in cash and assets, with no debt, positioning itself as a leading North American uranium supplier.

Uranium Energy Corp (NYSE American: UEC) announced that the Texas Commission on Environmental Quality has approved a renewed radioactive material license for its Hobson Central Processing Plant. This approval increases the plant's capacity to process 4 million pounds of U₃O₈ annually, making it the largest licensed capacity in Texas and the second largest in the U.S. Furthermore, UEC completed baseline sampling and a successful pump test at its Burke Hollow project, bringing it closer to initiating production at this significant ISR wellfield.

Uranium Energy Corp (UEC) has completed its acquisition of the Roughrider uranium project from Rio Tinto for a total of $150 million, comprising $80 million in cash and approximately $70 million in UEC shares. The Roughrider project, located in Saskatchewan's Athabasca Basin, has a historic resource estimate of 58 million lbs of U3O8 at an average grade of 4.73%. UEC now possesses a significant resource base in Canada’s uranium mining sector, enabling the company to enhance future production plans and meet growing demand for nuclear energy amid global decarbonization efforts.