UEC Achieves Milestones in Uranium Mining

By Bobby Samwell • Tuesday, June 03 13:18 • Permanent Link

Uranium Energy Corp (UEC) has released its quarterly report for the third quarter of fiscal 2025, showcasing several operational and financial highlights.

In terms of operational milestones, the company commissioned its first new mine-unit at the Christensen Ranch in-situ recovery (“ISR”) mine, with the Header House 10-7 coming online as part of the phased ramp-up of Wyoming’s Powder River Basin operations. Additionally, construction is advancing at the Burke Hollow project in South Texas, with major equipment installed at the satellite ion exchange plant and disposal well development in progress.

UEC's Sweetwater production hub development is also progressing, with a technical report summary set to be issued at the end of fiscal 2025 for a new hub-and-spoke model anchored by the Sweetwater plant in the Great Divide Basin, Wyoming. Furthermore, the company initiated the pre-feasibility study for the Roughrider project, with significant advancements in metallurgical test work.

Financially, UEC reported $271 million of cash, inventory, and equities with no debt as of May 30, 2025. The inventory totals 1,356,000 pounds of U3O8 valued at $96.6 million at market prices. UEC's U.S. warehoused physical uranium program is set to be expanded by 300,000 pounds through purchase contracts in December 2025 at $37.05 per pound, providing a low-cost stream of physical uranium at a time of heightened geopolitical uncertainty.

The company also highlighted the quadrupling of U.S. nuclear capacity with transformational executive orders from the Trump administration, which includes fast track permitting support for advanced and micro-reactors and reducing U.S. dependence on foreign sources of nuclear fuel as a matter of national security.

In terms of employment, UEC expanded its U.S. operations and technical team, with the Wyoming and Texas workforce growing to more than 100 employees. Key personnel were added in operations, geology, metallurgy, and supply chain management, deepening the production team’s bench strength.

The market has reacted to these announcements by moving the company's shares -4.05% to a price of $5.69. For more information, read the company's full 8-K submission here.

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