CASPER,
Wyo., Feb. 19, 2025 /PRNewswire/ - Uranium
Energy Corp. (NYSE American: UEC), (the "Company" or "UEC") is
pleased to announce a major operational milestone with the
successful processing, drying and drumming of uranium concentrates
at the Company's Irigaray Central Processing Plant ("CPP") in
Wyoming. This follows the initial
uranium production from UEC's Christensen Ranch In-Situ Recovery
("ISR") operations.
The uranium concentrates produced at the Irigaray CPP will be
transported to the ConverDyn Conversion Facility in Metropolis, Illinois.
Amir Adnani, President and
CEO, commented:
"We are six months into our phased ramp-up of operations and
are excited to reach another milestone on schedule with the dried
and drummed uranium concentrates. This marks the culmination of
many years of planning and hard work from our entire team and is a
testament to their expertise and dedication. UEC's fully permitted
ISR assets provide a cost-efficient foundation for sustainable
growth, positioning UEC as a key player in the expanding nuclear
energy sector."
Mr. Adnani continued:
"As a debt-free and unhedged uranium producer, UEC has the
financial strength and flexibility to advance production in
alignment with market conditions. This allows us to scale
efficiently and responsibly to meet the increasing demand for
domestically sourced uranium. With energy security continuing as a
national priority and the White House's newly established National
Energy Dominance Council recognizing uranium as an 'amazing
national asset,' this milestone represents a meaningful step in
fortifying America's nuclear fuel supply chain. We expect the
constrained availability of U.S. origin uranium to drive premium
pricing, creating a significant competitive advantage for UEC as
the largest and fastest-growing uranium company in the
country."
About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing
supplier of uranium needed to produce safe, clean, reliable nuclear
energy. UEC is advancing the next generation of low-cost,
environmentally friendly In-Situ Recovery ("ISR") mining uranium
projects in the United States and
high-grade conventional projects in Canada. The Company has
three hub and spoke platforms in South
Texas and Wyoming with a
combined licensed production capacity of 12.1 million pounds
U3O8 per year. These production platforms are
anchored by licensed Central Processing Plants ("CPPs") and served
by multiple U.S. ISR uranium projects. In August 2024, ISR operations began at the
Christensen Ranch project in Wyoming, sending uranium loaded resin to the
Irigaray CPP in Wyoming. The
Company has diversified uranium holdings including: (1) a
conventional pipeline of high-grade Canadian projects anchored by
the worldclass Roughrider project; (2) one of the largest physical
uranium portfolios of U.S. warehoused U3O8;
and (3) a major equity stake in Uranium Royalty Corp., the only
royalty company in the sector. The Company's operations are managed
by professionals with decades of hands-on nuclear fuel industry
experience including the key facets of uranium exploration,
development, mining and production.
Stock Exchange Information:
NYSE American:
UEC
WKN: AØJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein,
the information presented in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian
securities laws. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any other statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans, "estimates" or "intends", or stating
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved) are not
statements of historical fact and should be viewed as
"forward-looking statements". Such forward looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include,
among others, the actual results of exploration activities,
variations in the underlying assumptions associated with the
estimation or realization of mineral resources, future mineral
resource estimates may vary from historic estimates, the
availability of capital to fund programs and the resulting dilution
caused by the raising of capital through the sale of shares,
accidents, labor disputes and other risks of the mining industry
including, without limitation, those associated with the
environment, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction
activities, title disputes or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. Many of
these factors are beyond the Company's ability to control or
predict. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements contained in this news release and in any document
referred to in this news release. Important factors that may cause
actual results to differ materially and that could impact the
Company and the statements contained in this news release can be
found in the Company's filings with the Securities and Exchange
Commission. For forward-looking statements in this news release,
the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company assumes no obligation to
update or supplement any forward-looking statements whether as a
result of new information, future events or otherwise. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy securities.
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SOURCE Uranium Energy Corp
