Uranium Energy Corp. (Stock Symbol – NYSE American: UEC) engages in uranium mining and related activities, including exploration, pre-extraction, extraction, and processing of uranium concentrates on several uranium projects located throughout the United States and Paraguay.
Amir Adnani – CEO
The company is under Amir Adnani, who is the President, CEO, and Co-Founder of UEC. His co-founding partner is Alan P. Lindsay. Amir Adnani has been in the leadership position for UEC since 2005. He is also a board member for Gold Royalty Corp., Chairman of the Board for Uranium Royalty Corp., and Chairman of the Board for Goldmining Inc.
Significant Leadership Progress
Under Amir Adnani, CEO, Uranium Energy Corp. / UEC has secured mineral rights in various stages in Arizona, Colorado, New Mexico, Texas, Wyoming, and the Republic of Paraguay.
About Uranium Energy Corp.
Uranium Energy Corp. / UEC is a leading uranium producer whose production-ready, licensed, and low-cost ISR mining operations in Wyoming and Texas produce the material necessary to meet the rising demand for nuclear power generation worldwide.
They have the most extensive resource base of fully permitted ISR projects in the U.S., and they also have a newly established inventory warehouse with 2.3 million pounds of uranium, according to their September 2021 corporate presentation.
The firm has a strong balance sheet with $123.1 million in cash, equity, and physical holdings that will appeal to investors everywhere looking for great returns on their money.
Uranium Mining Projects
It owns interests in the Palangana In-Situ Recovery (ISR) mine, Burke Hollow, Goliad, Longhorn, and Salvo properties located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paran titanium projects in Paraguay.
Hobson Processing Facility
The Hobson Processing Facility processes material from the Palangana Mine into drums of U3O8. The UEC slides below provide you with visuals of the operation.
ISR Proof of Concept
Hobson Facility Capacity
The Hobson Processing Facility has a physical capacity to process up to a total of two million pounds of U3O8 annually.
Burke Hollow ISR Project
With a massive footprint of 20,000 acres located 50 miles from the Hobson Processing Plant, The Burke Hollow ISR project in south Texas will undoubtedly be valuable for the nuclear power industry. The project has over 7 million pounds of uranium. The uranium is ISR amenable, with a recovery rate of over 90%.
Most Significant ISR Development in America
The project is the largest and newest in-development ISR wellfield in America. The company’s plans for this project during 2021 include installing 45 monitoring wells, completion of walls, and continued permitting actions.
Near Term Producer
The project is quickly advancing toward operations with permits in process for the mine go live area, aquifer exemption, radioactive materials license secured, and 2 class 1 disposal wells.
The company’s Reno Creek ISR project is America’s largest permitted pre-construction project.
The Powder River Basin in the state of Wyoming is home to the Reno Creek project.
In 2019, the firm received its permit to construct this ISR project, allowing company wellfields and the central processing plant construction.
Reno Creek Pre-Feasibility Study
The Pre-Feasibility Study (PFS) is currently in progress for the Reno Creek ISR project. The organization reports measured and indicated resources of 26 million pounds of uranium and inferred resources of another 1.5 million pounds.
Significant Upside Potential
They note that this project has significant ISR exploration and expansion potential, so keep an eye on all the news about it. Additionally, UEC has already secured the production permits for this project.
The company’s Anderson project, located in the state of Arizona, has an N.I. 43-101 compliant resources of 17 million pounds of uranium and another 12 million pounds of inferred uranium.
The project is located northwest of the city of Phoenix and covers an area of nearly 9,900 acres.
Slick Rock Project
Southwest Colorado is home to the Slick Rock project. The project has an N.I. 43-101 compliant resource of 11.6 million pounds of uranium and another 69.6 million pounds of vanadium.
Low Capital Expenditures (CAPEX)
The project has a low CAPEX of just $21 million and can produce nearly 440,000 pounds of uranium plus vanadium per year. The additional benefit of this project is its proximity to the White Mesa mill in Utah to sell all its products.
U.S. Physical Uranium Initiative
In addition, they have a U.S. Physical Uranium Initiative in which it is buying drummed uranium at spot price, all of which is currently below the cost basis for most global producers.
Contact Uranium Energy Corp. / UEC:
Amir Adnani – President and CEO, Co-Founder
500 North Shoreline, Suite 800N
Corpus Christi, TX 78401 (USA)
Email: [email protected]
Stock Symbol: NYSE American – UEC
Access their website at: UraniumEnergy.com
While considering this individual company, also take a look at these other uranium stocks to include in your portfolio.
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Discuss the company in more detail and dive deeper into organized conversations in the Uranium Energy forum.
UEC Stock Performance / Dividend Yield
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