Uranium Energy Corp Establishes Physical Uranium Initiative and Provides Balance Sheet Update English

Uranium Energy Corp Establishes Physical Uranium Initiative and Provides Balance Sheet Update English

NYSE American Symbol – UEC

Highlights and Balance Sheet Update as of March 15, 2021: $65.8 million in cash and equity holdings;

Establishing a physical uranium inventory to take advantage of spot purchases below most industry production costs, adding additional asset value to the balance sheet;

Uranium inventory will provide greater marketing flexibility for utilities, while freeing up UEC’s domestic mine production for the U.S. Uranium Reserve, and other U.S. origin specific opportunities; Entered into agreements totaling $10.9 million to purchase 400,000 pounds of uranium concentrates at ConverDyn in Metropolis, Illinois at a volume weighted average price of $27.29 per lb. U3O8; Market value of a 19.5% equity stake in Uranium Royalty Corp. (URC: TSX-V) increased to $34.3 million following URC’s announced acquisition of royalties on the world-class MacArthur River and Cigar Lake uranium mines; Realized gross proceeds of $30 million from the […]

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