Uranium Energy Corp Reports Results for Second Quarter of Fiscal 2026

Core Viewpoint - Uranium Energy Corp (UEC) reported strong operational and financial results for the second quarter of fiscal 2026, highlighting its position as a leader in the U.S. uranium market with significant liquid assets and no debt, while advancing multiple projects to enhance production capacity and address national security concerns related to uranium supply [1][2][3]. Operational Highlights - UEC is advancing its United States Uranium Refining & Conversion Corp (UR&C) project, with intensified work on feasibility studies and government discussions [1][2]. - The Roughrider Project in Saskatchewan is progressing with over 30% of core drilling completed for the pre-feasibility study [1][2]. - A 200-hole delineation drilling program commenced at the Sweetwater project, with engineering for mill refurbishment initiated [1][2]. - The Irigaray Central Processing Plant (CPP) has been fully optimized to operate 24/7, resuming drying and drumming of in-process inventory [1][2]. - The Burke Hollow ISR Project is operationally ready, awaiting final regulatory approval [1][2]. Financial Highlights - UEC reported $20.2 million in revenue and a gross profit of $10.0 million from uranium sales, with an average sale price of $101 per pound, significantly above the average spot price of $80.76 per pound [1][2]. - The company maintains a robust balance sheet with $818 million in liquid assets and no debt as of January 31, 2026 [1][2]. - UEC produced 45,743 pounds of uranium concentrate at a total cost per pound of $44.14, with cash costs at $39.66 [1][2]. U.S. Uranium Policy Developments - A Presidential Proclamation was issued to investigate national security risks associated with uranium imports, highlighting the U.S.'s reliance on foreign processing capacity [1][2]. - Uranium was added to the U.S. Geological Survey Critical Minerals List, with ongoing negotiations for supply chain agreements and potential import price mechanisms [1][2]. Project Development and Capacity Expansion - UEC is expanding its ISR production capacity in Wyoming and South Texas, with several new header houses completed and awaiting regulatory approvals [1][2]. - The company is actively engaged in the FAST-41 process for the Sweetwater project, with the Plan of Operations submitted to the Bureau of Land Management [1][2]. - The Roughrider Project is undergoing technical and environmental studies to support future uranium production [1][2]. Summary of Production Capacity - UEC controls the largest uranium resource base in the U.S., with a production capacity of approximately 12 million pounds per year across its platforms [3]. - The company is pursuing domestic refining and conversion capabilities through UR&C to strengthen the U.S. nuclear fuel supply chain [3].