Uranium Energy Corp. (NYSE American: UEC) announced results for its fiscal year ended July 31, 2026, marking a significant expansion of its U.S. uranium production footprint. The company has moved from operating one producing uranium mine in Wyoming to two mines across two states, with the start of production at Burke Hollow in South Texas and continued development of a third mine at Ludeman in Wyoming.
For the fourth quarter, UEC reported production of 65,392 pounds of uranium at Christensen Ranch in Wyoming, at a total cash cost of $28.38 per pound, and 17,352 pounds at Burke Hollow, at a total cash cost of $36.13 per pound. The company also said it enters fiscal 2027 debt-free, a notable financial milestone that provides flexibility for future investments.
UEC is advancing its planned uranium conversion facility through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp. This initiative aims to strengthen the domestic nuclear fuel supply chain, reducing reliance on foreign sources. As America’s largest and fastest-growing uranium company, UEC 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 in Saskatchewan.
The company maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. This approach could benefit investors if uranium prices rise, but also leaves the company vulnerable to price declines. The expansion to two producing mines and the development of a third, along with the conversion facility, positions UEC as a key player in the U.S. nuclear fuel cycle.
For more details, the full press release is available at https://ibn.fm/MFZLt. The latest news and updates relating to UEC can be found in the company’s newsroom at https://ibn.fm/UEC.
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