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Uranium Energy and Radiant Industries Announce U.S. Uranium Supply Agreement to Support Deployment of Microreactors, Building the Full Nuclear Power Value Chain in America
CASPER and LARAMIE, Wyo., May 7, 2025 /CNW/ - Uranium Energy Corp (NYSE American: UEC), (the "Company" or "UEC") and Radiant Industries Incorporated ("Radiant")
About this update from Uranium Energy Corp.
[{"type":"text","content":" CASPER and LARAMIE, Wyo., May 7, 2025 /CNW/ - Uranium Energy Corp (NYSE American: UEC), (the \"Company\" or \"UEC\") and Radiant Industries Incorporated (\"Radiant\") are pleased to announce a memorandum of understanding (\"MOU\") where UEC and Radiant have agreed to collaborate on opportunities to advance the shared vision of deploying nuclear energy and building the full nuclear value chain in the United States. As part of this collaboration, UEC and Radiant are pleased to announce the completion of an initial transaction where UEC will supply U.S. origin uranium concentrates to Radiant at mutually agreed terms. Microreactors represent an important innovation in nuclear energy at a time when energy security and advancing small modular reactors are of utmost importance to the White House. The growth of nuclear energy in the United States requires a secure, domestic fuel supply chain. The first step in that chain is uranium, and UEC's Wyoming and Texas operations offer a highly reliable source of U.S.-origin supply — a strategic fit to support Radiant's Kaleidos Portable Nuclear Microreactor. Amir Adnani, UEC President and CEO stated: \"Our collaboration with Radiant aligns with UEC's strategy to lead in the emerging demand for U.S.-produced uranium. With the White House seeking to accelerate the deployment of advanced nuclear technologies, our partnerships with next-generation reactor developers like Radiant and TerraPower, and our role as a supplier to the U.S. Strategic Uranium Reserve, position UEC to strengthen America's nuclear fuel supply chain and deliver long-term value for shareholders.\" Doug Bernauer, Radiant CEO stated: \"America must lead the way in energy independence. Leveraging a domestic supply of uranium right here in Wyoming through this strategic partnership with UEC is a critical step in our goal to scale production of portable microreactors to 50 a year. From the rocks to the reactors, the US should be seeking to build the entire value-add chain in the US.\" About Radiant Radiant is building the world's first mass-produced nuclear microreactors. The company's first reactor, Kaleidos, is a 1 MW failsafe microreactor that can be transported anywhere power is needed. Founded in 2020, Radiant plans to test its first reactor in 2026, with initial customer deployments beginning in 2028. Radiant's...