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Uranium Energy | 8-K: Current report

SEC ·  Dec 6, 2024 06:04

Summary by Futu AI

Uranium Energy Corp (UEC) has filed its Q1 2025 report, highlighting significant operational progress. UEC successfully restarted and ramped up operations at the Christensen Ranch In-Situ Recovery Mine in Wyoming, with uranium-loaded resin now being transported to the Irigaray Central Processing Plant. The company expanded the Irigaray Plant's permitted production capacity to 4 million pounds of U3O8 annually.UEC initiated construction of the Burke Hollow Ion Exchange Facility in Texas and completed an Initial Economic Assessment for the Roughrider Project in Canada, projecting a post-tax NPV of $946 million. The company also announced an agreement to acquire Rio Tinto's Sweetwater Plant and uranium projects in Wyoming, potentially creating UEC's third U.S. production platform.Financially, UEC sold 210,000 pounds of U3O8 at $81.37 per pound, generating a $6.3 million gross profit. The company reported an inventory of 1,256,000 pounds of U3O8 valued at $100.5 million and over $350 million in liquid assets with no debt, positioning it for accelerated production growth in a tightening uranium market.
Uranium Energy Corp (UEC) has filed its Q1 2025 report, highlighting significant operational progress. UEC successfully restarted and ramped up operations at the Christensen Ranch In-Situ Recovery Mine in Wyoming, with uranium-loaded resin now being transported to the Irigaray Central Processing Plant. The company expanded the Irigaray Plant's permitted production capacity to 4 million pounds of U3O8 annually.UEC initiated construction of the Burke Hollow Ion Exchange Facility in Texas and completed an Initial Economic Assessment for the Roughrider Project in Canada, projecting a post-tax NPV of $946 million. The company also announced an agreement to acquire Rio Tinto's Sweetwater Plant and uranium projects in Wyoming, potentially creating UEC's third U.S. production platform.Financially, UEC sold 210,000 pounds of U3O8 at $81.37 per pound, generating a $6.3 million gross profit. The company reported an inventory of 1,256,000 pounds of U3O8 valued at $100.5 million and over $350 million in liquid assets with no debt, positioning it for accelerated production growth in a tightening uranium market.

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