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) has appointed Trecia Canty to its Board of Directors as of March 20, 2023. With over 25 years of experience in finance, corporate governance, and energy, Canty currently serves as Senior Vice President and General Counsel at PBF Energy Inc. Her expertise in strategic transactions and compliance is expected to bolster UEC's growth strategy. CEO Amir Adnani expressed enthusiasm about her contribution. UEC is known for its focus on environmentally friendly uranium mining and is advancing ISR projects in Texas and Wyoming, with a strong portfolio of resources in North America.
Uranium Energy Corp (UEC) has announced the filing of a Technical Report Summary (TRS) for its Workman Creek Project in Arizona as of March 14, 2023. This filing reports over 32 million pounds of measured and indicated resources and approximately 4.5 million pounds of inferred resources. These estimates comply with the newly adopted S-K 1300 guidelines by the SEC, modernizing mineral property disclosures for mining. The TRS utilized drill data from 446 drill holes, leading to a total inferred resource estimate of 4.459 million pounds of eU3O8.
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Uranium Energy Corp (NYSE American: UEC) has filed its quarterly report on Form 10-Q for the quarter ending January 31, 2023, with the SEC. The report includes interim condensed consolidated financial statements, management's analysis, and relevant notes. UEC is recognized as the largest diversified uranium company in North America, focusing on environmentally friendly in-situ recovery mining projects. The company is positioned for growth with operational platforms in South Texas and Wyoming. UEC also holds a significant physical uranium portfolio and an equity stake in Uranium Royalty Corp.
Uranium Energy Corp (NYSE American: UEC) has reported significant uranium mineralization from drill hole CB-183-1 at the Christie Lake Project, achieving a grade of 7.90% eU3O8 over 14.3 meters. This result extends the footprint of high-grade mineralization at the newly identified Sakura Zone, situated near the world-renowned McArthur River mine. The Project spans 19,576 acres and benefits from proximity to existing uranium operations. UEC plans to drill 17,000 meters throughout 2023 to further explore the region. Exploration results are expected to provide updates to the resource estimates later this year.
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.