About Uranium Energy Corp.
Uranium Energy Corp (NYSE American: UEC) is one of the fastest growing suppliers of the fuel for the green energy transition to a low carbon future. UEC is the largest, diversified North American focused uranium company, advancing the next generation of low-cost, environmentally friendly In-Situ Recovery (“ISR”) uranium projects in the United States and high-grade conventional projects in Canada.
The Company has two production-ready ISR hub and spoke platforms located in South Texas and Wyoming. These two production platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place.
Additionally, the Company has diversified uranium holdings including:
- one of the largest physical uranium portfolios of North American warehoused U3O8
- a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and
- a Western Hemisphere pipeline of resource stage uranium projects.
The Company’s operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development, and mining.
Visit: www.UraniumEnergy.com for more information. Follow us on Twitter: @UraniumEnergy
UEC Investment Highlights
- UEC’s largest and diversified U3O8 production-ready assets in the Americas:
- 9 million pounds of U3O8 resources with a combined portfolio of:
- 2 Measured & Indicated U3O8 resources
- 7 Inferred U3O8 resources
- 6 billion tonnes, grading at 7.3% Titanium (TiO2)
- Arizona Hardrock Pipeline of 32 million pounds of Measured and Indicated uranium and another 4 million pounds in the Inferred category
- 100% Unhedged & Production ready: 7 fully permitted projects with Hub & Spoke Platforms in mining friendly jurisdictions of Texas and Wyoming
- UEC’s physical uranium program saw record revenue from spot uranium market sales of $163.95 Million for fiscal year 2023, comprising 3.15 million pounds of uranium sold
- The Alto Paraná titanium project, a large high-grade resource featuring a base case NPV of US $419M and stretch case NPV of US $1554M
- Increasing global support and demand with 441 reactors planned and proposed worldwide, with a historic pledge announced at COP28 looking to triple nuclear energy by 2050, with global expansion led by the U.S.
- Market Fundamentals continuing to improve with spot prices at $89/lb as of Dec 21, 2023, surpassing the 2011 high of $70/lb. 2024 Demand is expected to be 197M lbs, compared to an expected production of 161M lbs; a gap of 36 M lbs below requirements. Through 2027, the cumulative gap is expected to be 103M lbs and 318M lbs by 2032.
- Bipartisan Support for U.S. Uranium & Nuclear Energy in Washington D.C.: Nuclear Fuel Security Act Included in Fiscal Year 2024 National Defense Authorization Act; the NDAA is headed to the President’s desk to be signed into law.
Roughrider Project: 100% Owned
Athabasca Basin, SK, Canada
Project Overview
UEC commenced a S-K 1300 Initial Assessment Economic Study and Environmental Baseline Program in May 2023. The new S-K 1300 resource estimate shows 27.8 M lbs. Indicated resources grading 3.25% U3O8 in 389,000 tonnes and 36.0 M lbs. Inferred resources grading 4.55% U3O8 in 359,000 tonnes of ore. There was significant prior investment by Rio Tinto and Hathor, and the project could operate as a satellite to UEC’s Eastern Athabasca Projects Christie Lake and Horseshoe Raven.
Recent Developments
- UEC acquired a portfolio of Canadian Uranium Exploration Projects from Rio Tinto, expanding UEC’s Athabasca land portfolio to 1,136,083 acres (457,757 Ha) for exploration and growth
- 60% in the Henday JV Project
- 100% of the Milliken Project
- 100% in the Carswell Project
To learn more about Uranium Energy Corp, go to https://www.uraniumenergy.com/
For more about the activity in the Athabasca Basin and to view the digital map, go to https://digigeodata.com/area/athabasca-basin/