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Webull provides the latest URANIUM ENERGY (UEC) stock and general news. This information may help you make smarter investment decisions.
About UEC
Uranium Energy Corp. is a uranium mining and exploration company. The Company is focused exploration, pre-extraction, extraction and processing, on uranium projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8) or yellowcake. The Company has uranium processing facility located in the state of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8. The Hobson Processing Facility has a physical capacity to process uranium-loaded resins up to a total of two million pounds of U3O8 annually and is licensed to process up to a total of one million pounds of U3O8 annually. The Company holds mineral rights in various projects, which includes Burke Hollow Project, Goliad Project, Longhorn Project, Salvo Project, Anderson Project and Workman Creek Project.