Uranium Energy CEO: ‘People Talk About EVs Like They Charge Themselves’

RHJ Investment Thesis

Uranium Energy Corp. (NYSE: UEC ) is one of the biggest pure-play uranium companies in the world. It’s not the biggest, as Kazatomprom (listed on the London stock exchange) in Kazakhstan is the biggest in the world, and makes up around 40% of the global uranium production.

Meanwhile, Canadian Cameco Corporation ( CCJ ) is also interesting and already generating strong free cash flows . However, Cameco is not a pure-play uranium player.

And this leads me to the crux of this thesis. UEC is a story stock. UEC is not in production today. But that doesn’t mean it won’t ever be in production. In fact, UEC contends that at uranium prices of $60 per pound it can get into production in a matter of months.While in the background, there are fundamental catalysts that I believe could get us to $60 per pound sooner, a lot sooner, than […]

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