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Rhea-AI Summary
UEC recorded revenue of $163.95 million from spot market sales of 3,150,000 pounds of uranium inventory, resulting in a gross profit of $49.60 million for FY2023. Weighted average sales price was $52.05 per pound U3O8. Completed $340.0 million in acquisitions. Attributable resources now total 226.2 million pounds U3O8 in Measured and Indicated Categories and 102.7 million pounds U3O8 in Inferred category. Supplied 300,000 pounds of U3O8 to the US Department of Energy for $17.85 million. Completed preparations to resume extraction/production at Christensen Ranch ISR Project and advanced Wyoming operations. Physical portfolio consists of 1.5 million pounds of U3O8 remaining to be received. Increased Hobson Processing Facility licensed capacity four-fold. $192.3 million in cash and liquid assets with no debt. CEO states that UEC remains 100% un-hedged and has the financial strength to advance projects and make acquisitions. Completed acquisitions of Rio Tinto Roughrider project and UEX Corp., creating a strong resource base in Athabasca Basin. Completed programs to accelerate production-readied timeline in South Texas and Wyoming. Belief that the uranium market is transitioning from an inventory burdened to a production-driven market. Geopolitical situations in Russia and Niger accelerate demand for secure uranium supply. UEC is in the early innings of a protracted growth stage for nuclear energy, uranium production, and the company.
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Uranium Energy Corp (UEC) acquires exploration-stage projects in Athabasca Basin, Canada for $1.5 million CAD. Adds 44,444 acres to existing portfolio. UEC has $125.4 million cash on hand with no debt. Positive growth strategy with recent acquisitions increasing resources. UEC aims to assemble premier North American uranium portfolio.
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Uranium Energy Corp (UEC) has successfully completed the initial phase of development and delineation drilling at its fully permitted Irigaray and Christensen Ranch In-Situ Recovery (ISR) Projects in Johnson County, Wyoming. The company's President and CEO, Amir Adnani, expressed optimism about the resource expansion campaign, highlighting the historic, under delineated, and underdeveloped mineralized trends in numerous sands at these projects. The drilling program has identified encouraging Grade x Thickness (GT) values, with over 50% of the new holes drilled along the Irigaray trend classified as ore holes. UEC's total resources in Wyoming are substantial, and the company's exploration and development efforts benefit from a large and proprietary database of historic exploration drilling logs and reports.
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8.43%
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Uranium Energy Corp (NYSE American: UEC) announced the ratification of several proposals at its recent annual general meeting of stockholders. The Board of Directors and the independent registered accounting firm were elected and appointed respectively. The stock incentive plan and executive compensation were approved by the majority of stockholders. The voting details will be provided in a Form 8-K Current Report filing.
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Uranium Energy Corp (NYSE American: UEC) has completed the steps required for a resumption of operations at the Christensen Ranch ISR Project in Wyoming. The company anticipates an increasing demand for domestic uranium supply and rising uranium prices due to pending legislation to ban Russian uranium imports to the United States.
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Uranium Energy Corp.
NYSE:UEC
UEC Rankings
UEC Stock Data
2.80B
371.65M
1.65%
70.95%
8.92%
Uranium-Radium-Vanadium Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
VANCOUVER
About UEC
uranium energy corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the united states, canada, and paraguay. it owns interests in the palangana mine, goliad, burke hollow, longhorn, and salvo projects located in texas; anderson, workman creek, and los cuatros projects situated in arizona; slick rock project in colorado; reno creek project in wyoming; diabase project located in canada; and yuty, oviedo, and alto paranã¡ titanium projects in paraguay. the company was formerly known as carlin gold inc. and changed its name to uranium energy corp. in january 2005. uranium energy corp. was incorporated in 2003 and is based in corpus christi, texas.