Uranium Energy (US:UEC)2025-12-10 16:00Financial Highlights - The company has a strong balance sheet with $698 million in cash, inventory, and equities as of October 31, 2025[12] - The company holds 136 million pounds of U₃O₈ in inventory[16] - A $234 million equity offering was completed to accelerate the advancement of UR&C[16, 17] Production and Operations - Total cost per pound was $3435, including a cash cost per pound of $2990 and a non-cash cost per pound of $445 on 68,612 pounds of precipitated uranium and dried and drummed U₃O₈[9] - Approximately 199,000 pounds of precipitated uranium and dried and drummed U₃O₈ have been produced from Christensen Ranch as of October 31, 2025[25] - The company plans to expand its U S warehoused inventory by another 300,000 pounds through December 2025 via purchase contracts at $3705/lb[12] Development and Expansion - Irigaray plant upgrades have been completed to support 24/7 operations[9] - Six additional header houses are under construction at Christensen Ranch[9] - Burke Hollow nears operational status, setting the stage for initial operations at America's next ISR mine[9] - The Ludeman satellite project has 97 million lbs Measured and Indicated Resources, and 13 Million lbs Inferred resources[28] Strategic Initiatives - The company launched United States Uranium Refining & Conversion Corp (UR&C) to become the only vertically integrated U S company from U3O8 to UF6[9, 17]