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 a key operational milestone with the successful processing, drying, and drumming of uranium concentrates at its Irigaray Central Processing Plant in Wyoming. This follows initial uranium production from its Christensen Ranch In-Situ Recovery operations. The processed uranium will be transported to the ConverDyn Conversion Facility in Illinois. CEO Amir Adnani highlighted UEC’s debt-free and unhedged position, emphasizing its ability to scale production efficiently amid increasing demand for domestically sourced uranium. With U.S. energy security a national priority, the company expects constrained supply to drive premium pricing, reinforcing its competitive advantage as a leading uranium producer.
Uranium Energy (NYSE American: UEC) has acquired 107,142,857 common shares of Anfield Energy Inc. (TSX-V: AEC) for $10.46 million ($15 million Canadian) through a subscription agreement. The purchase increases UEC’s ownership to 203,415,775 Anfield shares, representing approximately 17.8% of outstanding shares on a non-diluted basis and 24.2% on a partially diluted basis, assuming the exercise of all warrants. Prior to the acquisition, UEC held 96,272,918 Anfield shares and an equal number of warrants. UEC acquired the shares for investment purposes and has committed not to exercise warrants to become a “Control Person” under TSX Venture Exchange policies without approval. An early warning report regarding the acquisition is available on SEDAR+.
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.
