Uranium Energy Corp. (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce a major operational milestone with the successful processing, drying and drumming of uranium concentrates at the Company’s Irigaray Central Processing Plant (“CPP”) in Wyoming. This follows the initial uranium production from UEC’s Christensen Ranch In-Situ Recovery (“ISR”) operations.
The uranium concentrates produced at the Irigaray CPP will be transported to the ConverDyn Conversion Facility in Metropolis, Illinois.
Amir Adnani, President and CEO, commented:
“We are six months into our phased ramp-up of operations and are excited to reach another milestone on schedule with the dried and drummed uranium concentrates. This marks the culmination of many years of planning and hard work from our entire team and is a testament to their expertise and dedication. UEC’s fully permitted ISR assets provide a cost-efficient foundation for sustainable growth, positioning UEC as a key player in the expanding nuclear energy sector.”
Mr. Adnani continued:
“As a debt-free and unhedged uranium producer, UEC has the financial strength and flexibility to advance production in alignment with market conditions. This allows us to scale efficiently and responsibly to meet the increasing demand for domestically sourced uranium. With energy security continuing as a national priority and the White House’s newly established National Energy Dominance Council recognizing uranium as an ‘amazing national asset,’ this milestone represents a meaningful step in fortifying America’s nuclear fuel supply chain. We expect the constrained availability of U.S. origin uranium to drive premium pricing, creating a significant competitive advantage for UEC as the largest and fastest-growing uranium company in the country.”
Continue at Uranium Energy Corporation
