Uranium Energy Corp. (UEC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

uranium, and dried and drummed U-308 at our Erigeri CPP. As part of the ongoing production ramp-up, UEC continued to develop new production areas at Christensen Ranch. Mine development advanced with active well installation, pilot encasing and under-rimming in well fields 11 and 12, and delineation drilling in well fields 8 and 10 extensions. Additionally, construction continued on six new header houses in Wellfield's 11, 12, and 10 extension. These new production areas will form the base for UEC's future production plans at Christensen Ranch. In parallel, process upgrades at our Erigiri CPP continued in the first quarter of fiscal 2026, including a full rebuild of one of two yellow cake thickeners, replacing the rake, gearbox, and motor, along with the repair of a replacement of multiple calciner components. Together with the refurbishment completed at Christensen Ranch earlier in the year, these timely investments are expected to support higher production rates in addition to improved operational efficiency and performance. We are excited to announce that development plans have commenced at the Lutemann Satellite Project. This is a fully licensed and permitted project that will be constructed as a satellite ion exchange plant, sending uranium-loaded resin to the Erigeri CPP for resin elution, precipitation, drying, and packaging. Just 10 miles northeast of Glen Rock, Wyoming, delineation drilling in the first production area at Lutemann commenced on November 19, 2025, with 200 holes planned. The delineation drilling will assist well-filled pattern design. Lutemann's SK1300 compliant resources are 9.7 million pounds of measured and indicated and 1.3 million pounds of inferred uranium. 41 monitor wells are already installed for the first production area and baseline ...