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Uranium Energy | 8-K: Current report

SEC ·  Dec 6, 2024 06:04

Summary by Futu AI

Uranium Energy Corp reported strong Q1 FY2025 results, successfully restarting operations at Christensen Ranch ISR Mine in Wyoming. The company sold 210,000 pounds of U3O8 at $81.37 per pound, generating $6.3M gross profit, while maintaining 1.26M pounds inventory valued at $100.5M. Financial position remains robust with over $350M in liquid assets and zero debt.Operations at Christensen Ranch have achieved sustained flow rates of >3,000 GPM, with Mine Unit 7 preparation underway to increase capacity to >6,000 GPM. The Irigaray Plant's licensed production capacity has been expanded to 4.0M pounds U3O8 annually. Construction has begun at Burke Hollow Project, including ion exchange facility and first production area.The company completed an Initial Economic Assessment for the Roughrider Project, projecting $946M post-tax NPV and 40% IRR. Additionally, UEC announced an agreement with Rio Tinto to acquire the Sweetwater Plant and uranium projects in Wyoming with approximately 175M pounds of historic resources, establishing its third U.S. production platform.
Uranium Energy Corp reported strong Q1 FY2025 results, successfully restarting operations at Christensen Ranch ISR Mine in Wyoming. The company sold 210,000 pounds of U3O8 at $81.37 per pound, generating $6.3M gross profit, while maintaining 1.26M pounds inventory valued at $100.5M. Financial position remains robust with over $350M in liquid assets and zero debt.Operations at Christensen Ranch have achieved sustained flow rates of >3,000 GPM, with Mine Unit 7 preparation underway to increase capacity to >6,000 GPM. The Irigaray Plant's licensed production capacity has been expanded to 4.0M pounds U3O8 annually. Construction has begun at Burke Hollow Project, including ion exchange facility and first production area.The company completed an Initial Economic Assessment for the Roughrider Project, projecting $946M post-tax NPV and 40% IRR. Additionally, UEC announced an agreement with Rio Tinto to acquire the Sweetwater Plant and uranium projects in Wyoming with approximately 175M pounds of historic resources, establishing its third U.S. production platform.

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