Uranium Energy is a publicly traded company focused on the exploration and production of uranium, which is primarily used as fuel for nuclear power plants
The company engages in the identification, acquisition, and development of uranium properties, leveraging advanced technologies and sustainable practices to extract and process uranium. With a portfolio of projects primarily located in the United States and in strategic regions worldwide, Uranium Energy aims to contribute to the growing demand for clean energy through its commitment to responsible mining and production methods. Through its operations, the company seeks to play a key role in the nuclear energy sector and the global energy transition.
Uranium Energy (NYSE American: UEC) announced that CEO Amir Adnani and Executive Vice President Scott Melbye will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on Jan. 8-9, 2025. Adnani will participate in a fireside chat on January 8 at 2:20 p.m. ET to discuss UEC’s strategic vision and the growing demand for U.S.-based uranium production. The management team will also hold one-on-one meetings with investors to outline the company’s production growth, including its recent acquisition of the Sweetwater Plant in Wyoming.
Uranium Energy (NYSE American: UEC) has finalized its $175.4 million acquisition of Rio Tinto’s Wyoming assets, including the fully licensed Sweetwater Plant and a portfolio of uranium mining properties with approximately 175 million pounds of historic resources. The Sweetwater Plant, with a licensed capacity of 4.1 million pounds of U₃O₈ annually, expands UEC’s production capabilities in Wyoming’s Great Divide Basin and supports both In-Situ Recovery (“ISR”) and conventional mining. The acquisition establishes UEC’s third U.S. hub-and-spoke production platform, increases its licensed production capacity to 12.1 million pounds annually, and unlocks significant exploration and operational opportunities. UEC plans to refurbish the Sweetwater Plant and update resource estimates to further advance its production strategy.
Uranium Energy (NYSE American: UEC) has filed its quarterly report, showcasing significant progress in its U.S. and Canadian operations. The company reported over $350 million in liquid assets with no debt, providing flexibility to scale production in response to rising uranium demand. Key developments include the commissioning of Mine Units 8 and 10 at the Christensen Ranch and approval to increase licensed production capacity at the Irigaray Plant to 4 million pounds of U₃O₈ annually. In Texas, construction began at the Burke Hollow Project’s ion exchange facility, with infrastructure improvements underway. UEC’s unhedged strategy positions it to capitalize on the tightening uranium market while advancing its geographically diverse production pipeline.
Uranium Energy (NYSE American: UEC) has released a comprehensive Initial Economic Assessment (“IEA”) for its 100%-owned Roughrider Project in Saskatchewan, Canada, showcasing its significant financial potential. The project is estimated to generate a post-tax net present value of $946 million and an internal rate of return of 40%, based on a long-term uranium price of $85 per pound. With an expected mine life of nine years, Roughrider is projected to produce an average of 6.8 million pounds of U3O8 annually at an all-in sustaining cost (AISC) of $20.48 per pound. CEO Amir Adnani emphasized Roughrider’s competitive advantages, including its high-grade resources, low initial capital expenditure, and strategic location near key infrastructure, supporting the project’s path toward world-class uranium production and UEC’s continued growth in clean energy solutions.
Uranium Energy (NYSE American: UEC) has received approval from the Wyoming Department of Environmental Quality to increase the licensed production capacity at its Irigaray Central Processing Plant to 4 million pounds of uranium (U₃O₈) annually. This expansion strengthens UEC’s hub-and-spoke production strategy in Wyoming’s Powder River Basin, supporting its satellite uranium in-situ recovery projects, including Christensen Ranch. The company is also set to finalize the acquisition of Rio Tinto’s Wyoming assets, which will provide a third production platform in the U.S., further enhancing its domestic uranium supply capabilities to meet rising demand driven by the growth of nuclear energy.
Jim Cramer believes Uranium Energy Corp. is going higher, thanks to a recent acquisition deal. Novo Nordisk faces antitrust concerns while Halliburton gets a Buy rating from BofA Securities.
Uranium Energy (NYSE American: UEC), the fastest growing supplier of the fuel for the green energy transition to a low carbon future, announced Friday morning that it had filed its fiscal 2024 Annual Report on Form 10-K for the period ended July 31, 2024. Key highlights for the fiscal year included the successful restart of uranium production at Christensen Ranch in-situ recovery (“ISR”) and Irigaray Central Processing Plant (“CPP”) in Wyoming; advancement of the Roughrider Project in Canada; strong progress on the South Texas hub-and-spoke ISR project; and the company’s accretive acquisition of Rio Tinto’s Sweetwater Plant and a portfolio of uranium mining projects in Wyoming. In addition, the announcement noted that the company remains 100% unhedged and had approximately $331.5 million in cash, equity holdings and inventory at market prices with no debt as of July 31, 2024.
Uranium Energy Corp. expands production with acquisition of Rio Tinto's Wyoming assets for $175 million, adding 175 million pounds of uranium resources and a licensed plant with 3,000-ton-per-day capacity.
