Uranium Energy Corp. (UEC)
Uranium Energy Corp. (UEC) is a uranium exploration and development company focused on ISR (In-Situ Recovery) mineral projects in the United States. Founded in 2005, it aims to become a low-cost producer of uranium, primarily targeting the domestic nuclear fuel market. The company’s operations include the Burke Hollow, Palangana, and Vasquez projects in Texas, as well as other prospective sites across the U.S.
Company News
The Department of Energy launched a Defense Production Act Consortium to reinvigorate the U.S. nuclear fuel cycle, bringing together nuclear companies and partners to reduce foreign uranium dependence and accelerate nuclear reactor projects.
Uranium Energy successfully raised capital by selling 15.5 million common shares at $13.15 each, with Goldman Sachs fully exercising its option to purchase additional shares. The company plans to use the funds to develop a refining facility and support corporate operations.
Lithium Americas stock surged over 90% after the US government announced a stake in the company, triggering interest in rare earth metals and potential acquisition targets in the electric vehicle and semiconductor sectors.
Mustang Energy Corp. has successfully staked five new 100%-owned prospective uranium mineral claims in Northern Saskatchewan, expanding its total land package to 92,211 hectares across 14 strategically positioned projects within and around the Athabasca Basin.
Energy Fuels' stock has declined 9.4% since reporting Q2 2024 results, despite beating estimates. Concerns over potential shipment delays from the Pinyon mine and falling uranium prices have weighed on the stock. However, the company's long-term growth prospects in uranium and rare earth elements remain intact, supported by a debt-free balance sh...
