Business
Uranium Energy Corp Files Annual Report, Strengthens Balance Sheet, Expands Physical Portfolio and Launches ESG Program
Balance Sheet, Physical Portfolio, ESG and Project Development Highlights as of October 26, 2021: $235.4 million of cash and liquid assets comprised of $96.4 mi
About this update from Uranium Energy Corp.
[{"type":"text","content":" Balance Sheet, Physical Portfolio, ESG and Project Development Highlights as of October 26, 2021: $235.4 million of cash and liquid assets comprised of $96.4 million in cash, $82.3 million in equity holdings and $56.7 million in physical inventories, positioning UEC with a leading balance sheet in the uranium sector. Expanded physical portfolio of U.S. warehoused uranium (\"Physical Portfolio\") to 4.1 million pounds, resulting in an average cost of $32 per pound with various delivery dates through December 2025. Current delivered inventories stand at 1.2 million pounds in the Physical Portfolio with a market value of $56.7 million based on a current spot price of $47.25 per pound (UxC Price October 26, 2021 – ConverDyn U.S. delivery). Launched formal development of an Environmental, Social and Governance (\"ESG\") program to build on the Company's robust safety, health, and environmental protection systems in place while identifying new sustainability initiatives for enhancement. Since January 2021, completed 126 resource delineation holes and 43 additional monitor wells at Burke Hollow Project's initial Production Area, the newest and largest in-situ recovery (ISR) wellfield being developed in the U.S. Market value of 15 million shares of Uranium Royalty Corp. (UROY: NASDAQ) increased to $82.3 million. Strengthened balance sheet to support growth initiatives with cash position increasing to $96.4 million after receiving net proceeds of $68.8 million from the Company's current at-the-market equity program. Reduced debt from $18 million to $10 million under the Company's current credit facility. Shares outstanding: 258,986,829. CORPUS CHRISTI, TX, Oct. 28, 2021 /CNW/ - Uranium Energy Corp (NYSE American: UEC) (the \"Company\" or \"UEC\") is pleased to report, in accordance with NYSE American requirements, the filing of the Company's annual report on Form 10-K for the fiscal year ended July 31, 2021 with the U.S. Securities and Exchange Commission (the \"SEC\"). This Form 10-K filing, which includes the Company's audited consolidated financial statements, related notes thereto and management's discussion and analysis, is available for viewing on the SEC's website at http://www.sec.gov/edgar.shtml or on the Company's website at www.uraniumenergy.com. Amir Adnani, CEO and President stated: \"Our balance ...