Uranium Energy Corp has received approval from Wyoming regulators to increase the licensed production capacity at its Irigaray Central Processing Plant to 4.0 million pounds of U3O8 annually. The plant serves as the cornerstone of UEC's hub-and-spoke production strategy in the Powder River Basin, supporting four fully permitted uranium ISR satellite projects including the producing Christensen Ranch project. Engineering work is underway with key equipment already acquired.The company has engaged Stantec to provide engineering services and project planning for its Powder River Basin expansion. Additionally, UEC's pending acquisition of Rio Tinto's Wyoming assets will add a third production platform, including the Sweetwater Plant with 4.1 million pounds annual capacity and 175 million pounds of historic resources. Combined with...Show More

Uranium Energy Corp has received approval from Wyoming regulators to increase the licensed production capacity at its Irigaray Central Processing Plant to 4.0 million pounds of U3O8 annually. The plant serves as the cornerstone of UEC's hub-and-spoke production strategy in the Powder River Basin, supporting four fully permitted uranium ISR satellite projects including the producing Christensen Ranch project. Engineering work is underway with key equipment already acquired.The company has engaged Stantec to provide engineering services and project planning for its Powder River Basin expansion. Additionally, UEC's pending acquisition of Rio Tinto's Wyoming assets will add a third production platform, including the Sweetwater Plant with 4.1 million pounds annual capacity and 175 million pounds of historic resources. Combined with its South Texas operations, UEC will have 12.1 million pounds of total U.S. licensed production capacity.The expansion aligns with growing nuclear power demand in the U.S., particularly from tech companies investing in nuclear energy for data centers. The company's Powder River Basin ISR portfolio contains estimated resources of 62.3 million pounds U3O8 in measured and indicated categories, plus 10.7 million pounds in inferred category.