LOS ANGELES, June 24, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Uranium Energy Corp. ("UEC" or the "Company") (NYSE: UEC) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. UEC investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. On June 10, 2024, UEC filed its quarterly report for the quarter ended April 30, 2024 with the U.S. Securities and Exchange Commission. Among o ...

Uranium Energy has a valuable stockpile of uranium to sell, but it still doesn't have an operating uranium mine. Management at Uranium Energy (UEC 1.85%) chose to buy uranium at a time when uranium prices were near historic lows, which was a very difficult moment to make such a decision, and it built up a nice stockpile. The company deserves credit for that, because it is now reaping the benefits by selling uranium while ore used to make nuclear fuel has increased in value. The stockpile of ore is one of th ...

[Click here for information about joining the class action] CONTACT: Danielle Peyton Pomerantz LLP dpeyton@pomlaw.com 646-581-9980 ext. 7980 On this news, UEC's stock price fell $0.49 per share, or 8.09%, to close at $5.57 per share on June 11, 2024. The investigation concerns whether UEC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledge ...

CORPUS CHRISTI, Texas, June 13, 2024 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) "UEC" or the "Company") is pleased to announce that it has filed a TRS on EDGAR disclosing updated mineral resources for the Company's Texas Hub and Spoke ISR platform (the "Platform") with an increase in resources at the Burke Hollow Project (the "Project"). Figure 1-1 Texas Hub and Spoke Project Area Location Map Texas S-K 1300 Technical Report Karnes, Duval, Bee, and Goliad Counties, Texas (CNW Group/Uranium Ener ...

Uranium Energy (UEC) reported third-quarter fiscal 2024 adjusted loss per share of 5 cents, which missed the Zacks Consensus Estimate of earnings of 1 cent per share. The company had reported a loss of 2 cents per share in the year-ago quarter. In the third quarter of fiscal 2023, the company had reported total revenues of $20.2 million, which included $20.1 million generated from sales of purchased uranium inventory while revenues from toll processing services were $0.1 million. Mineral property expenditur ...

About Uranium Energy Corp X (formerly known as Twitter): @UraniumEnergy Safe Harbor Statement contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. CORPUS CHRISTI, TX, June 10, 2024 /PRNewswire/ - Uranium Energy Corp (NYSE American: UE ...

Uranium Market Overview - As of April 30, 2024, the uranium price was $90.00 per pound, representing a 67% increase from $53.85 per pound on April 30, 2023[91]. - The uranium market is experiencing a structural deficit, with a projected gap between production and requirements exceeding 66 million pounds U3O8 in 2024 and 2025[92]. - The cumulative uncommitted demand for uranium through 2034 totals approximately 926 million pounds U3O8, indicating strong future demand[97]. - The U.S. legislation banning Russian uranium imports is expected to impact the nuclear fuel market significantly, unlocking $2.7 billion in funding to support domestic uranium production[96]. Financial Performance - For the three and nine months ended April 30, 2024, the company recorded sales and service revenue of $Nil and $224, respectively, compared to $20,217 and $125,440 for the same periods in 2023[98]. - For the three months ended April 30, 2024, the company recorded a net loss of $19,677 ($0.05 per share), compared to a net loss of $10,960 ($0.03 per share) for the same period in 2023[99]. - Total sales and service revenue for the nine months ended April 30, 2024, was $224, a significant decrease from $125,440 in the same period of 2023[103]. - The company reported a total comprehensive loss of $25,527 for the three months ended April 30, 2024[112]. - As of April 30, 2024, the company recorded an accumulated deficit balance of $303,786, continuing a history of operating losses[114]. Operational Updates - The company announced the restart of uranium extraction at the Christensen Ranch Mine, with the first extraction expected in August 2024, funded by existing cash[77]. - An application to increase the licensed capacity of the Irigaray central processing plant from 2.5 million pounds U3O8 per year to 4.0 million pounds U3O8 per year was submitted, with approval expected later in 2024[78]. - The company acquired a portfolio of exploration-stage projects in the Athabasca Basin for CA$1.5 million, adding 44,444 acres to its portfolio[81]. - The company has not established proven or probable reserves for any of its mineral projects, leading to inherent uncertainty regarding economic extraction[86]. Cash Flow and Financing - The company relies on equity financings and cash flows from uranium inventory sales, which generated $57.0 million in gross profits historically, but has yet to achieve consistent profitability[85]. - During the nine months ended April 30, 2024, net cash used in operating activities was $93,871, with $57,179 attributed to purchases of uranium concentrate inventory[127]. - For the nine months ended April 30, 2024, net cash provided by financing activities totaled $159,292, primarily from equity financings[128]. - The company issued 24,584,399 shares under its ATM Offerings for net cash proceeds of $155,050 during the nine months ended April 30, 2024[125]. - As of April 30, 2024, the company had cash and cash equivalents of $87,726 as of April 30, 2024, compared to $45,614 as of July 31, 2023[113]. - The company anticipates substantial future capital expenditures and will require significant additional financing to fund operations and exploration activities[116]. - The company may need to seek alternative financing methods, such as asset divestitures or joint ventures, to continue advancing its uranium projects[115]. Inventory and Commitments - The company reported a total of $39,095 in outstanding purchase commitments for 1,000,000 pounds of uranium inventory as of April 30, 2024[101]. - As of April 30, 2024, the carrying value of uranium concentrate inventories was $63,019, up from $5,801 as of July 31, 2023[102]. - The company purchased 995,000 pounds of uranium concentrates at a total cost of $57,003 during the three months ended April 30, 2024[102]. - Annual land-related payments to maintain mineral rights in various states and countries total $4.8 million[117]. - The company has significant payment obligations totaling $70,715 over the next five years, including $39,095 for uranium inventory purchase obligations[133]. Shareholder and Ownership Information - As of April 30, 2024, the company had in-the-money stock options and warrants representing a total of 8,653,787 shares, potentially generating gross proceeds of approximately $21.1 million if exercised[130]. - The company recorded a gain on dilution of ownership interest amounting to $3,202 for the three months ended April 30, 2024[108]. - Subsequent to April 30, 2024, the company received additional cash proceeds of $12,824 under its ATM Offerings[138].

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Uranium Energy (UEC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Uranium Energy currently has an aver ...

Uranium Energy (UEC) is expected to report year-over-year improvement in both revenues and earnings in its upcoming third-quarter fiscal 2024 results. The Zacks Consensus Estimate for revenues is pegged at $21 million, indicating 3.9% growth from the year-ago quarter's actual. The consensus estimate for earnings is 1 cent per share, which indicates a solid improvement from a loss of 2 cents per share reported in the third quarter of fiscal 2023. The estimate has remained unchanged over the past 30 days. Q2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-33706 URANIUM ENERGY CORP. (Exact name of registrant as specified in its charter) | Nevada | 98-0399476 | ...