UEC's Sweetwater Uranium Complex Designated Transparency Project

By Bobby Samwell • Wednesday, August 06 06:04 • Permanent Link

Uranium Energy Corp (NYSE American: UEC) has announced that its Sweetwater uranium complex has been designated as a transparency project by the U.S. Federal Permitting Improvement Steering Council. This designation is part of the implementation of President Trump’s executive order on immediate measures to increase American mineral production.

The primary objective of this permitting initiative is to enable in-situ recovery mining methods within the existing mine permit boundary and to expand the mine boundary to include adjacent ISR-amenable deposits located on federally managed lands overseen by the Bureau of Land Management.

On completion of this ISR permitting initiative, Sweetwater will be the largest dual-feed uranium facility in the United States, licensed to process both conventional ore and ISR resin. The Sweetwater complex, anchored by the Sweetwater processing plant, is a 3,000 ton per day conventional uranium mill with an existing licensed capacity of 4.1 million pounds of U₃O₈ per year.

The Sweetwater complex boasts over 175 million pounds of historic uranium resources and a basin portfolio totaling approximately 108,000 acres. It includes the Sweetwater (Red Desert), Big Eagle, and Jackpot (Green Mountain) uranium mines, which are approved for conventional mining methods.

Uranium Energy Corp is America’s largest and fastest-growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. The company has three hub and spoke platforms in South Texas and Wyoming with a combined licensed production capacity of 12.1 million pounds U3O8 per year.

In August 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium-loaded resin to the Irigaray CPP in Wyoming. The company also holds a conventional pipeline of high-grade Canadian projects and one of the largest physical uranium portfolios of U.S. warehoused U3O8.

The company's operations are managed by professionals with decades of hands-on nuclear fuel industry experience. Following these announcements, the company's shares moved 3.15%, and are now trading at a price of $9.50. For the full picture, make sure to review URANIUM ENERGY CORP's 8-K report.

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