Business
Uranium Energy Files Quarterly Report For the First Quarter of Fiscal 2025
Selected Quarterly Highlights Successfully restarted operations and commenced ramp-up at the Christensen Ranch In-Situ Recovery Mine in Wyoming's Powder River B
About this update from Uranium Energy Corp.
[{"type":"text","content":" Selected Quarterly Highlights Successfully restarted operations and commenced ramp-up at the Christensen Ranch In-Situ Recovery Mine in Wyoming's Powder River Basin. Transportation of uranium loaded resin has begun from the Christensen Ranch Satellite Plant to the fully operational Irigaray Central Processing Plant. Dried and drummed concentrate production is expected at the Irigaray Plant in early 2025. Significantly expanded permitted production capacity at the Irigaray Plant to 4.0 million pounds of U3O8 per year. Initiated construction of the Burke Hollow Ion Exchange Facility and accomplished additional infrastructure advancements at the project, including the first production area. Completed an Initial Economic Assessment for the world class Roughrider Project in Canada's Eastern Athabasca Basin, supporting a post-tax estimated net present value of $946 million, with all in sustaining costs $20.48 per pound U3O8. The assessment shows a projected internal rate of return of 40%, with a 1.4-year payback, and an average annual production rate of 6.8 million pounds U3O8(1). Announced a landmark agreement with Rio Tinto America Inc. to acquire 100% of Rio Tinto's licensed Sweetwater Plant and a portfolio of uranium mining projects in Wyoming with approximately 175 million pounds of historic resources(2). On completion, the acquisition will create UEC's third hub-and-spoke In-Situ Recovery production platform in the U.S. Sold 210,000 pounds of U3O8 at $81.37 per pound, generating a gross profit of $6.3 million. Inventory totals 1,256,000 pounds of U3O8 valued at $100.5 million at market prices(3). Over $350 million of liquid assets (cash, equities and inventory at market prices(3)), and no debt. CORPUS CHRISTI, Texas, Dec. 5, 2024 /CNW/ - Uranium Energy Corp (NYSE American: UEC) the \"Company\" or \"UEC\") is pleased to report that it has filed its quarterly report on Form 10-Q for the quarter ended October 31, 2024 with the U.S. Securities and Exchange Commission (the \"SEC\"). The Form 10-Q filing, which includes the Company's interim condensed consolidated financial statements, related notes thereto and management's discussion and analysis, is available on the Company's website at www.uraniumenergy.com and at www.sec.gov. Amir Adnani, President and CEO, stated: \"This quarter highlights UEC's ability to execute...