Uranium Energy (US:UEC) The Motley Fool·2025-12-10 17:42Core Viewpoint - Uranium Energy reported significant losses in Q1 2026, raising concerns about its financial health despite its plans for a vertically integrated uranium supply chain [1][2][5]. Financial Performance - The company experienced a revenue drop from $17.1 million in Q1 2025 to $0 in Q1 2026, while operating expenses increased to $29.8 million, up over $10 million year-over-year [4]. - Uranium Energy lost $0.02 per share in Q1 2026, which was double the anticipated loss of $0.01 per share [2]. Production and Costs - The company produced 68,612 pounds of precipitated uranium and uranium concentrate at a cost of $34.35 per pound [5]. - Despite uranium prices being around $76.50 per pound on the spot market, Uranium Energy still reported losses [6]. Inventory and Future Plans - As of October 31, Uranium Energy held a substantial inventory of 1.4 million pounds of uranium concentrate valued at $111.9 million, in addition to other uranium holdings [7]. - The company aims to sell its uranium inventory to recover mining and purchasing costs [8].