Uranium Energy Corp. (NYSE American: UEC) CEO and president Amir Adnani has released a letter written to UEC shareholders. In the letter, Adnani provides an overview of the company for this year. Noting that the year has begun with the highest uranium prices in a decade and a positive global outlook for nuclear energy not seen in a generation, Adnani notes that the company is working to position itself as the leading American uranium mining company. Pointing to UEC’s $112-million cash acquisition of Uranium One Americas, he notes that the company now has two operational hub-and-spoke production platforms along with seven licensed and low cost in-situ-recovery (“ISR”) uranium projects. UEC also became debt free this month, posting a strong balance sheet of approximately $125 million of cash and liquid assets. Anani also discussed the company’s Environmental and Social Governance (“ESG”) program, which was formally launched in 2021, and the company’s focus on providing power utilities with a confidence in its ability to supply both domestic and international markets. “We believe the outlook has never been brighter for nuclear energy and the uranium market with a variety of important developments that are propelling nuclear power towards a major resurgence. This includes new highs in nuclear power public opinion polls, strong bipartisan support in the U.S. Congress, the inclusion of nuclear power in the European Taxonomy and continued robust global growth,” said CEO and president Amir Adnani in the letter. “The fundamentals driving the improved market are long-term in nature and offer considerable opportunity for significant uranium price and equity appreciation. . . . Operating reactors, plus those under construction, planned and proposed, combined to define an impressive commitment to nuclear power and underpin steady growth prospects for global uranium demand in upcoming years.”
To view the full press release, visit https://ibn.fm/ZHqQ0
About Uranium Energy Corp.
Uranium Energy is America’s largest, fastest-growing uranium mining company listed on the NYSE American. UEC is a pure play uranium company and is advancing the next generation of low-cost, environmentally friendly in-situ recovery (“ISR”) mining uranium projects. The company has two production-ready ISR hub and spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational processing capacity at the Hobson and Irigaray plants. UEC also has seven U.S. ISR uranium projects with all major permits in place. Additionally, the company has other diversified holdings of uranium assets, including one of the largest physical uranium portfolios of U.S. warehoused U3O8; a major equity stake in the only royalty company in the sector, Uranium Royalty Corp; and a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, UEC also 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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