Uranium Energy Stock Price, News & Analysis

Uranium Energy Corp (NYSE American: UEC) highlights the urgency of domestic uranium production amidst national security concerns due to reliance on foreign sources. Scott Melbye, UEC's EVP, emphasizes restoring America’s nuclear infrastructure, which has declined due to geopolitical pressures. UEC stands ready to supply uranium, leveraging its production-ready status and extensive projects in Texas and Wyoming, including the largest pre-construction ISR uranium project in the U.S. UEC's operations emphasize environmentally friendly mining and include a robust portfolio of uranium-related assets.

Uranium Energy Corp. (NYSE American: UEC) has been featured in an editorial by NetworkNewsWire, highlighting the growing importance of nuclear energy as a clean and carbon-free electricity source in the U.S. The company is focused on low-cost, environmentally friendly in-situ recovery (ISR) uranium projects. UEC controls significant uranium exploration data and operates major projects in South Texas and Wyoming, aiming to bolster domestic uranium production. It also holds diverse uranium-related assets, including equity in Uranium Royalty Corp and physical uranium in the U.S.

Uranium Energy Corp (NYSE American: UEC) has reported promising results from its Burke Hollow ISR uranium project in South Texas. The company completed 40 resource delineation drill holes as of April 9, 2021, with several intercepts showing high grade thickness (GT) values ranging from 2.45 to 4.48, significantly above the ISR cut-off of 0.3 GT. The project is strategically supported by a fully licensed processing plant and encompasses five ISR projects, bolstering UEC's South Texas hub-and-spoke strategy.

Uranium Energy Corp (NYSE American: UEC) announced its participation in the upcoming H.C. Wainwright Spring Mining Conference to be held virtually on April 19-20, 2021. The company's President and CEO, Amir Adnani, will present an overview of UEC's business on April 19 at 10:00 AM ET and will engage in one-on-one meetings with institutional investors. UEC is recognized for its environmentally friendly In-Situ Recovery mining projects across the U.S., including operations in South Texas and Wyoming, which underpin its growth strategy.

Uranium Energy Corp (NYSE: UEC) has successfully closed a registered direct offering, selling 3,636,364 shares at $3.30 each, yielding gross proceeds of $12 million. The offering, finalized on April 9, 2021, was conducted under a Securities Purchase Agreement with institutional investors. Net proceeds will be allocated to uranium purchases and general corporate purposes. UEC now holds over $110 million in cash, equity, and inventory, with a significant physical uranium initiative including 2.105 million pounds of U.S.-warehoused uranium.

Uranium Energy Corp (UEC) announced the acquisition of an additional 705,000 pounds of U.S. warehoused uranium, raising total purchases to 2,105,000 pounds at an average price of ~$30 per pound. The company also engaged institutional investors to buy 3,636,364 common shares at $3.30 per share, generating gross proceeds of approximately $12 million. Post-offering and uranium delivery, UEC will hold over $110 million in cash, equity, and inventory. This initiative aims to strengthen the balance sheet, support marketing efforts, and enhance UEC's production capacity in Texas and Wyoming.

Uranium Energy Corp (NYSE: UEC) announced that Executive VP Scott Melbye testified before the U.S. Senate Committee on Energy and Natural Resources on March 25, 2021. Melbye emphasized the critical state of the U.S. uranium fuel industrial base, highlighting a growing dependence on foreign imports, particularly from Russia and China. He called for a strategic uranium reserve, citing $75 million appropriated by Congress for this purpose. Melbye stressed that swift action is needed to preserve the U.S. nuclear industry, national security, and to restore America’s global nuclear leadership.

Uranium Energy Corp (NYSE: UEC) announced the completion of a direct offering, selling 10 million shares at $3.05, raising $30.5 million. The net proceeds will fund uranium purchases and support working capital. Post-offering, UEC holds approximately $95 million in cash and equity, including $61 million in cash. UEC's uranium initiative is fully funded, with 1.4 million pounds of U.S. warehoused uranium expected to be delivered by May 2021 and March 2022. H.C. Wainwright & Co. and others were lead agents for this offering.

Uranium Energy Corp (NYSE: UEC) has successfully closed a direct offering of 10 million shares at $3.05 each, raising $30.5 million. Proceeds will be utilized for uranium purchases and general corporate expenses. UEC now has approximately $95 million in cash and equity, with $61 million in cash reserves. The company's uranium initiative includes 1.4 million pounds of U.S. warehoused uranium, with deliveries expected by May 2021 and March 2022. The offering was facilitated by leading placement agents and is part of UEC's strategy to enhance its resource portfolio.