Uranium Energy Corp reported a net loss of $19.7 million ($0.05 per share) for Q3 FY2024 ended April 30, compared to a loss of $11.0 million in Q3 FY2023. The company recorded no revenue in Q3, versus $20.2 million in the same period last year. Cash and cash equivalents stood at $87.7 million, with uranium inventory valued at $63.4 million as of April 30, 2024.The company announced restarting uranium extraction at its fully permitted Christensen Ranch Mine ISR operation in Wyoming, with first extraction expected in August 2024. An application to increase the licensed capacity of the Irigaray central processing plant from 2.5 million to 4.0 million pounds U3O8 per year was submitted in November 2023, with approval expected later in 2024.During Q3, UEC purchased 995,000 pounds of uranium concentrates at a total cost of $57 million under its Physical Uranium Program. The company raised net proceeds of $25.5 million through ATM offerings during the quarter. Management believes existing cash resources will fund planned operations for the next 12 months, with working capital of $141.2 million as of quarter-end.

Uranium Energy Corp reported a net loss of $19.7 million ($0.05 per share) for Q3 FY2024 ended April 30, compared to a loss of $11.0 million in Q3 FY2023. The company recorded no revenue in Q3, versus $20.2 million in the same period last year. Cash and cash equivalents stood at $87.7 million, with uranium inventory valued at $63.4 million as of April 30, 2024.The company announced restarting uranium extraction at its fully permitted Christensen Ranch Mine ISR operation in Wyoming, with first extraction expected in August 2024. An application to increase the licensed capacity of the Irigaray central processing plant from 2.5 million to 4.0 million pounds U3O8 per year was submitted in November 2023, with approval expected later in 2024.During Q3, UEC purchased 995,000 pounds of uranium concentrates at a total cost of $57 million under its Physical Uranium Program. The company raised net proceeds of $25.5 million through ATM offerings during the quarter. Management believes existing cash resources will fund planned operations for the next 12 months, with working capital of $141.2 million as of quarter-end.