Uranium Energy Corp (UEC) filed its Annual Report on Form 10-K for the fiscal year ended July 31, 2024, with the U.S. Securities and Exchange Commission on September 27, 2024. CEO Amir Adnani highlighted the successful restart of production at the Christensen Ranch In-Situ Recovery (ISR) operations in Wyoming during this period.
The company also reported continued advancement of its Roughrider and Burke Hollow projects, with resource expansions and development programs underway. UEC's balance sheet was debt-free as of July 31, 2024, with approximately $331.5 million in cash, equity holdings, and inventory at market prices.
The report also noted the recent acquisition from Rio Tinto of the fully-licensed Sweetwater Plant and a portfolio of uranium properties, which adds approximately 175 million pounds of historical uranium resources. This acquisition is expected to establish UEC's third hub-and-spoke production platform, reinforcing its position in Wyoming and the U.S.
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