Uranium Energy (UEC) Prnewswire·2025-02-19 11:45Core Viewpoint - Uranium Energy Corp. has achieved a significant operational milestone with the successful processing, drying, and drumming of uranium concentrates at its Irigaray Central Processing Plant in Wyoming, following initial production from its Christensen Ranch In-Situ Recovery operations [1][3]. Company Operations - The uranium concentrates produced at the Irigaray CPP will be transported to the ConverDyn Conversion Facility in Metropolis, Illinois [2]. - The company has commenced a phased ramp-up of operations, reaching this milestone on schedule, which reflects years of planning and hard work from the team [3]. - UEC operates as a debt-free and unhedged uranium producer, allowing for financial strength and flexibility to advance production in line with market conditions [4]. Market Position - UEC's fully permitted In-Situ Recovery assets provide a cost-efficient foundation for sustainable growth, positioning the company as a key player in the expanding nuclear energy sector [3]. - The company anticipates that the constrained availability of U.S. origin uranium will drive premium pricing, creating a competitive advantage as the largest and fastest-growing uranium company in the country [4]. Production Capacity - Uranium Energy Corp. is America's largest and fastest-growing supplier of uranium, with a combined licensed production capacity of 12.1 million pounds U3O8 per year across its operations in South Texas and Wyoming [5]. - The company has diversified uranium holdings, including high-grade Canadian projects and a significant equity stake in Uranium Royalty Corp., the only royalty company in the sector [5].