Uranium Energy Corp. (NYSE American: UEC) has filed its fiscal 2025 annual report, marking a significant milestone in its transition from developer to producer. The company reported operational and financial highlights as of July 31, 2025, showcasing a breakthrough year and significant progress towards its strategic goals.
In terms of operational highlights, the company achieved an initial production ramp-up of approximately 130,000 pounds of precipitated uranium and dried and drummed U3O8 (uranium concentrate) as of July 31, 2025. Notably, it achieved low-cost production with a total cost per pound of $36.41, including cash cost per pound of $27.63 and non-cash cost per pound of $8.78.
Furthermore, significant progress was made in operational aspects, including process upgrades at the Irigaray plant, expansion at the Christensen Ranch, and the completion of 90% of the Burke Hollow ISR project in South Texas. Additionally, the acquisition of Rio Tinto's Sweetwater complex expanded the company's licensed capacity to 12.1 million pounds U3O8 annually, solidifying its position as the largest U.S. uranium company by estimated resources and licensed production capacity.
Financially, the company reported a strong balance sheet with $321 million of cash, inventory, and equities at market prices, and no debt. In the first half of fiscal 2025, it generated $66.8 million in revenue and $24.5 million of gross profit from the sales of 810,000 pounds of U3O8 at an average price of $82.52 per pound.
Looking ahead, the company is well-positioned with its unhedged approach, providing maximum upside and flexibility to capture rising uranium prices and meet growing global demand, including anticipated purchases for the U.S. uranium reserve and other government programs.
The market context also appears favorable, with U.S. nuclear policy momentum and the transformation of nuclear markets through surging AI and data center power needs, reinforcing the company's strategic positioning.
Following these announcements, the company's shares moved -2.08%, and are now trading at a price of $13.395. If you want to know more, read the company's complete 8-K report here.
