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Uranium Energy Corp. - UEC STOCK NEWS

Welcome to our dedicated page for Uranium Energy news (Ticker: UEC), a resource for investors and traders seeking the latest updates and insights on Uranium Energy stock.

Uranium Energy Corp (UEC) is a leading North American-focused uranium mining company headquartered in Corpus Christi, Texas. Established in 2003, UEC is at the forefront of uranium exploration, pre-extraction, and processing, serving the growing global demand for carbon-free nuclear energy. The company operates primarily in the United States, Canada, and Paraguay, with significant projects including the Palangana Mine, Goliad, Burke Hollow, and Longhorn in Texas; Anderson and Workman Creek in Arizona; Slick Rock in Colorado; and the Reno Creek Project in Wyoming. UEC also owns the Diabase Project in Canada and the Yuty and Oviedo projects in Paraguay.

Core Business and Operations

UEC employs environmentally friendly, low-cost In-Situ Recovery (ISR) mining techniques for uranium extraction. This method minimizes environmental impact and reduces costs, positioning UEC as a key player in the transition to a low-carbon future. The company has two production-ready ISR hub-and-spoke platforms located in South Texas and Wyoming, anchored by fully operational central processing plants. Additionally, UEC manages seven ISR uranium projects in the U.S. with all major permits in place, ensuring a robust and reliable production pipeline.

Financial Health and Recent Achievements

UEC's financial health is reinforced by a significant portfolio of physical uranium assets, including one of the largest inventories of U.S. warehoused U3O8. The company also holds a major equity stake in Uranium Royalty Corp., the only royalty company in the sector, enhancing its diversified asset base. Recent achievements include strategic partnerships and agreements aimed at reestablishing domestic uranium supply chains, such as the memorandum of understanding with TerraPower to supply uranium for its Natrium™ reactor and energy storage system.

Strategic Partnerships and Future Projects

UEC's strategic vision includes establishing robust relationships to support emerging uranium demand from Small Modular Reactors (SMRs) and Advanced Reactors (ARs). These collaborations are crucial for the next generation of nuclear energy solutions. The company’s Wyoming platform, hosting over 20 uranium projects, contains the largest S-K 1300 compliant resource base in the United States, with several projects fully permitted for ISR production.

UEC is also expanding its presence in Canada through the Roughrider Project in Northern Saskatchewan, a high-grade conventional project with significant untapped resource potential. This project solidifies UEC's position in one of the world's premier uranium mining regions.

Commitment to Sustainability

Uranium Energy Corp is committed to sustainable mining practices and the global green energy transition. As a signatory of the Net Zero Nuclear Industry Pledge, UEC supports the goal of tripling global nuclear capacity by 2050. The company actively participates in environmental, social, and governance (ESG) initiatives to ensure responsible resource development.

In summary, Uranium Energy Corp stands as a vital player in the uranium mining industry, driving innovation and sustainability in nuclear energy to meet the world's growing clean energy needs.

Rhea-AI Summary
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) announced the re-election of Scott Melbye as President of the Uranium Producers of America (UPA) on March 29, 2023. This marks Melbye's third term, highlighting his leadership in the uranium industry. CEO Amir Adnani praised the team’s dedication to high performance in the nuclear fuel sector. Melbye emphasized the need for a revitalized U.S. uranium industry due to geopolitical tensions, with nearly 60% of U.S. uranium imports coming from former Soviet countries. The UPA advocates for policies supporting domestic uranium production to enhance energy independence.

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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.

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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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FAQ

What is the current stock price of Uranium Energy (UEC)?

The current stock price of Uranium Energy (UEC) is $7.14 as of December 24, 2024.

What is the market cap of Uranium Energy (UEC)?

The market cap of Uranium Energy (UEC) is approximately 3.0B.

What is Uranium Energy Corp's core business?

Uranium Energy Corp (UEC) focuses on the exploration, extraction, and processing of uranium using environmentally friendly In-Situ Recovery (ISR) techniques.

Where is Uranium Energy Corp headquartered?

Uranium Energy Corp is headquartered in Corpus Christi, Texas, USA.

What are some of UEC's key projects?

UEC's key projects include the Palangana Mine, Goliad, Burke Hollow, and Longhorn in Texas; Anderson and Workman Creek in Arizona; and the Reno Creek Project in Wyoming.

What recent partnerships has UEC formed?

UEC recently formed a memorandum of understanding with TerraPower to explore supplying uranium for TerraPower's Natrium™ reactor and energy storage system.

How does UEC support sustainability?

UEC employs low-cost ISR mining techniques and is a signatory of the Net Zero Nuclear Industry Pledge, supporting the goal of tripling global nuclear capacity by 2050.

What financial assets does UEC hold?

UEC holds one of the largest inventories of U.S. warehoused U3O8 and a major equity stake in Uranium Royalty Corp.

What is the significance of UEC's Roughrider Project?

The Roughrider Project in Northern Saskatchewan, Canada, is a high-grade uranium project with significant potential for resource expansion.

What is UEC's role in the green energy transition?

UEC is the fastest-growing supplier of uranium for the green energy transition, supporting the development of low-carbon nuclear energy solutions.

What regulations is UEC compliant with for its resource base?

UEC's Wyoming platform has the largest S-K 1300 compliant resource base in the United States.

What is UEC's strategy for future growth?

UEC aims to expand its uranium production capabilities and establish strategic partnerships to meet the growing demand for uranium from Small Modular Reactors (SMRs) and Advanced Reactors (ARs).

Uranium Energy Corp.

AMEX:UEC

UEC Rankings

UEC Stock Data

3.02B
414.85M
2%
78.48%
12.78%
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