Uranium Energy Restarting 100% Unhedged Uranium Production in Wyoming

New Age Metals CORPUS CHRISTI, Texas, Jan. 16, 2024 /CNW/ – Uranium Energy Corp (NYSE American: UEC), the " Company " or " UEC ") is pleased to announce that the Company’s Board of Directors has approved restarting uranium production at its fully permitted, and past producing, Christensen Ranch In-Situ Recovery ("ISR") operations in Wyoming. The recovered uranium will be processed at the fully operational Irigaray Central Processing Plant ("CPP") with a current licensed capacity of 2.5 million pounds U 3 O 8 per year. The Irigaray CPP is the hub central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch.

The first production is expected during August of this year and will be funded with existing cash on the Company’s balance sheet. As UEC’s strategy has been to remain 100% unhedged, produced uranium will be sold at prevailing spot market prices which […]

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