Uranium Energy Corp. (NYSE American: UEC) announced it has filed its Quarterly Report on Form 10-Q for the quarter ended Jan. 31, 2026, detailing significant progress across its U.S. in-situ recovery (ISR) uranium operations and a strong balance sheet. The company reported completing construction of the Burke Hollow ISR uranium mine, expanding production capacity in Wyoming and South Texas pending final regulatory approvals, and advancing feasibility, siting, and licensing work for the United States Uranium Refining & Conversion Corp. (USURC).
During the quarter, UEC sold uranium at prices more than 25% above the quarterly average, while maintaining $818 million in liquid assets and no debt at quarter end. This financial positioning enables the company to scale production and support the development of a vertically integrated U.S. nuclear fuel supply chain, a critical goal for national energy security.
The company operates three hub-and-spoke platforms in South Texas and Wyoming, with a combined licensed production capacity of 12.1 million pounds U3O8 per year. These platforms are anchored by licensed Central Processing Plants (CPPs) and serviced by multiple U.S. ISR uranium projects. In August 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium-loaded resin to the Irigaray CPP.
UEC also holds a diversified uranium portfolio, including a conventional pipeline of high-grade Canadian projects anchored by the world-class Roughrider project, one of the largest physical uranium portfolios of U.S. warehoused U3O8, and a major equity stake in Uranium Royalty Corp., the only royalty company in the sector. The company's operations are managed by professionals with decades of hands-on nuclear fuel industry experience covering uranium exploration, development, mining, and production.
This quarterly report underscores UEC's position as America's largest and fastest-growing supplier of uranium needed for safe, clean, reliable nuclear energy. The company's progress in expanding ISR production capacity and advancing the USURC project highlights its commitment to strengthening the domestic nuclear fuel supply chain.
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