Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8

Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8

NYSE American Symbol – UEC

CORPUS CHRISTI, Texas, April 20, 2022 /PRNewswire/ – Uranium Energy Corp (NYSE: UEC) (the "Company" or "UEC") is pleased to report that it has now secured an additional 400,000 pounds of U.S. warehoused uranium, expanding its physical uranium program to 5 million pounds U 3 O 8 , with delivery dates out to December 2025 at a volume weighted average price of ~$38 per pound. UEC’s physical uranium program represents an unrealized gain of over $125 million based on the current spot price published by TradeTech on April 19, 2022, at $63.25 per pound U 3 O 8 .

Amir Adnani, President and CEO stated: "A year ago, UEC launched a physical uranium portfolio with 500,000 pounds purchased at a uranium cost basis of less than $30 per pound. The Company has grown the size of our inventory over ten-fold to 5 million pounds by […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet