Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has filed its annual report, for the period ended July 31, 2021, with the U.S. Securities and Exchange Commission. Highlights include the company’s reported $235.4 million of cash and liquid assets comprised of $96.4 million in cash, $82.3 million in equity holdings and $56.7 million in physical inventories, which establishes UEC with a leading balance sheet in the uranium sector; an expanded physical portfolio of U.S. warehoused uranium; and delivered inventories of 1.2 million pounds in the physical portfolio with a current market value of $56.7 million. In addition, UEC noted that it has begun the development of an environmental, social and governance (“ESG”) program to enhance and strengthen its existing safety, health and environmental protection systems. “Our balance sheet strength, low-cost physical uranium portfolio, permitted ISR project pipeline and processing infrastructure positions UEC as the leading U.S.-based uranium company amid a new era of public, government and scientific support for nuclear energy, essential to a low-carbon global economy,” said Uranium Energy CEO and president Amir Adnani in the press release. “UEC now controls one of the largest and low-cost physical inventory portfolios in a tightening uranium market. This strategic holding bolsters our balance sheet as uranium prices appreciate, will accelerate cash flows in advance of production ramp-up and ultimately augments the advancement of our U.S. uranium mining platform where we own the largest resource base of fully permitted ISR projects in Texas and Wyoming. Our Reno Creek project is licensed for two million pounds per year and combined with the physical capacity of two million pounds per year at our Hobson Processing Facility in South Texas, positions UEC with a potential U.S. uranium production profile of four million pounds per year, with room to grow.”
To view the full press release, visit https://ibn.fm/0bS8T
About Uranium Energy Corp.
Uranium Energy is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly in-situ recovery (“ISR”) mining uranium projects. In South Texas, the company’s hub-and-spoke operations are anchored by UEC’s fully licensed Hobson Processing Facility, which is central to its Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company’s diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the United States.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the company owns one of the largest and highest-grade ferro-titanium deposits in the world. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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