Uranium Energy Corp. (NYSE American: UEC) has begun production at its Burke Hollow in-situ recovery (ISR) project in South Texas, a milestone the company describes as the largest greenfield ISR uranium project to enter production in the United States in more than a decade. The announcement came as part of the company's fiscal third-quarter 2026 results, which also highlighted a debt-free balance sheet with $794 million in liquid assets.
The commencement of production at Burke Hollow is a significant step for Uranium Energy, which is building what it calls America's only vertically integrated uranium fuel supply chain. The company is also advancing production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects. Additionally, progress continues at its planned uranium conversion facility through United States Uranium Refining & Conversion Corp.
Federal support for domestic nuclear fuel development is providing a tailwind, with the Department of Energy's 'Nuclear Dominance – 3 by 33' initiative backing efforts to strengthen the U.S. nuclear fuel supply chain. Beyond its U.S. operations, Uranium Energy is advancing its Roughrider uranium project in Saskatchewan, Canada, and its Alto Paraná titanium and vanadium project in Paraguay.
Uranium Energy Corp. controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the company holds one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project. The company maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals.
The Burke Hollow project's entry into production comes at a time when nuclear energy is gaining renewed attention as a low-carbon baseload power source. The expansion of domestic uranium production capacity could have implications for U.S. energy security and the nuclear fuel supply chain, reducing reliance on foreign sources. For the industry, this development may signal a resurgence in domestic uranium mining and processing, potentially impacting global uranium markets.
For more information on Uranium Energy Corp., visit the company's newsroom at https://ibn.fm/UEC.
