Uranium Energy Corp. (NYSE American: UEC) reported fiscal third-quarter 2026 results highlighted by the commencement of production at the Burke Hollow in-situ recovery (ISR) project in South Texas, described by the company as the largest greenfield ISR uranium project to enter production in the United States in more than a decade. This milestone underscores UEC's growing role in revitalizing domestic uranium production amid increasing federal support for nuclear energy.
UEC also reported a debt-free balance sheet with $794 million in liquid assets, while advancing production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects. The company said it is continuing to build what it describes as America's only vertically integrated uranium fuel supply chain, with progress at its planned uranium conversion facility through United States Uranium Refining & Conversion Corp.
The company highlighted federal support for domestic nuclear fuel development through the Department of Energy's "Nuclear Dominance – 3 by 33" initiative and noted continued advancement of its Roughrider uranium project in Saskatchewan and its Alto Paraná titanium and vanadium project in Paraguay. These developments position UEC as a key player in the U.S. nuclear fuel supply chain, which has been under pressure due to reliance on foreign imports.
According to the press release, UEC controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan.
Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. The company maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals.
For more details, the full press release is available at https://ibn.fm/vkrVw. Additional information about UEC can be found in the company's newsroom at https://ibn.fm/UEC.
