Uranium Energy Corp (UEC) |
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Price: $6.3800
$0.10
1.592%
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Day's High:
| $6.46
| Week Perf:
| -5.2 %
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Day's Low: |
$ 6.21 |
30 Day Perf: |
-15.27 % |
Volume (M): |
4,447 |
52 Wk High: |
$ 8.34 |
Volume (M$): |
$ 28,371 |
52 Wk Avg: |
$4.84 |
Open: |
$6.35 |
52 Wk Low: |
$2.30 |
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Market Capitalization (Millions $) |
2,572 |
Shares
Outstanding (Millions) |
403 |
Employees |
44 |
Revenues (TTM) (Millions $) |
59 |
Net Income (TTM) (Millions $) |
-5 |
Cash Flow (TTM) (Millions $) |
50 |
Capital Exp. (TTM) (Millions $) |
3 |
Uranium Energy Corp
We are engaged in uranium mining and related activities, including exploration,
pre-extraction, extraction and processing, on uranium projects located in the
United States and Paraguay. We utilize in-situ recovery (“ISR”)
mining where possible which we believe, when compared to conventional open pit
or underground mining, requires lower capital and operating expenditures with
a shorter lead time to extraction and a reduced impact on the environment. We
do not expect, however, to utilize ISR mining for all of our mineral rights
in which case we would expect to rely on conventional open pit and/or underground
mining techniques. We have one uranium mine located in the State of Texas, the
Palangana Mine, which utilizes ISR mining and commenced extraction of uranium
oxide (“U3O8”), or yellowcake, in November 2010. We have one uranium
processing facility located in the State of Texas, the Hobson Processing Facility,
which processes material from the Palangana Mine into drums of U3O8, our only
sales product and source of revenue, for shipping to a third-party storage and
sales facility. Since commencement of uranium extraction from the Palangana
Mine in November 2010 to July 31, 2015, the Hobson Processing Facility has processed
578,000 pounds of U3O8.
Our fully-licensed and 100%-owned Hobson Processing Facility forms the basis
for our regional operating strategy in the State of Texas, specifically the
South Texas Uranium Belt where we utilize ISR mining. We utilize a “hub-and-spoke”
strategy whereby the Hobson Processing Facility acts as the central processing
site (the “hub”) for our Palangana Mine and future satellite uranium
mining activities, such as our Burke Hollow and Goliad Projects, located within
the South Texas Uranium Belt (the “spokes”). 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 one
million pounds of U3O8 annually.
At July 31, 2016, we hold certain mineral rights in various stages in the States
of Arizona, Colorado, New Mexico, Texas and Wyoming and in the Republic of Paraguay,
many of which are located in historically successful mining areas and have been
the subject of past exploration and pre-extraction activities by other mining
companies. We do not expect, however, to utilize ISR mining for all of our mineral
rights in which case we would expect to rely on conventional open pit and/or
underground mining techniques.
Our operating and strategic framework is based on expanding our uranium extraction
activities, which includes advancing certain uranium projects with established
mineralized materials towards uranium extraction, and establishing additional
mineralized materials on our existing uranium projects or through acquisition
of additional uranium projects.
We utilize or plan on utilizing in-situ recovery or ISR uranium mining for our
South Texas projects including the Palangana Mine and will continue to utilize
ISR mining whenever such alternative is available to conventional mining. When
compared to conventional mining, ISR mining requires lower capital expenditures
and has a reduced impact on the environment, as well as a shorter lead time
to uranium recovery.
ISR mining involves circulating oxidized water through an underground uranium
deposit, dissolving the uranium and then pumping the uranium-rich solution to
the surface for processing. Oxidizing solution enters the formation through
a series of injection wells and is drawn to a series of communicating extraction
wells. To create a localized hydrologic cone of depression in each wellfield,
more groundwater will be produced than injected. Under this gradient, the natural
groundwater movement from the surrounding area is toward the wellfield, providing
control of the injection fluid. Over-extraction is adjusted as necessary to
maintain a cone of depression which ensures that the injection fluid does not
move outside the permitted area.
The uranium-rich solution is pumped from the ore zone to the surface and circulated
through a series of ion exchange columns located at the mine site. The solution
flows through resin beds inside an ion exchange column where the uranium bonds
to small resin beads. As the solution exits the ion exchange column, it is mostly
void of uranium and is re-circulated back to the wellfield and through the ore
zone. Once the resin beads are fully-loaded with uranium, they are transported
by truck to the Hobson Processing Facility and transferred to a tank for flushing
with a brine solution, or elution, which strips the uranium from the resin beads.
The stripped resin beads are then transported back to the mine and reused in
the ion exchange columns. The uranium solution, now free from the resin, is
precipitated out and concentrated into a slurry mixture and fed to a filter
press to remove unwanted solids and contaminants. The slurry is then dried in
a zero-emissions rotary vacuum dryer, packed in metal drums and shipped out
as uranium concentrates, or yellowcake, to ConverDyn for storage and sales.
Each project is divided into a mining unit known as a PAA which lies inside
an approved Mine Permit Boundary. Each PAA will be developed, extracted and
restored as one unit and will have its own set of monitor wells. It is common
to have multiple PAAs in extraction at any one time with additional units in
various states of exploration, pre-extraction and/or restoration.
After mining is complete in a PAA, aquifer restoration will begin as soon as
practicable and will continue until the groundwater is restored to pre-mining
conditions. Once restoration is complete, a stability period of no less than
one year is scheduled with quarterly baseline and monitor well sampling. Wellfield
reclamation will follow after aquifer restoration is complete and the stability
period has passed.
Hobson Processing Facility
The Hobson Processing Facility is located in Karnes County, Texas, about 100
miles northwest of Corpus Christi. It was originally licensed and constructed
in 1978, serving as the hub for several satellite mining projects until 1996,
and completely refurbished in 2008. On December 18, 2009, we acquired the Hobson
Processing Facility as part of the acquisition of South Texas Mining Venture,
L.L.P.
With a physical capacity to process uranium-loaded resins up to a total of two
million pounds of U3O8 annually and licensed to process up to one million pounds
of U3O8 annually, our fully-licensed and 100%-owned Hobson Processing Facility
forms the basis for our “hub-and-spoke” strategy in the State of
Texas, specifically the South Texas Uranium Belt where we utilize ISR mining.
Palangana Mine
We hold various mining lease and surface use agreements generally having an
initial five-year term with extension provisions, granting us the exclusive
right to explore, develop and mine for uranium at the Palangana Mine, a 7,094-acre
property located in Duval County, Texas, approximately 100 miles south of the
Hobson Processing Facility. These agreements are subject to certain royalty
and overriding royalty interests indexed to the sale price of uranium.
Company Address: 500 North Shoreline, Ste. 800 Corpus Christi 78401 TX
Company Phone Number: 888-8235 Stock Exchange / Ticker: NYSEAMER UEC
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Customers Net Income grew by |
UEC's Customers Net Profit Margin grew to |
340.91 % |
8.25 %
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Stock Performances by Major Competitors |
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Uranium Energy Corp
Uranium Energy Corp (UEC) is a U.S.-based uranium mining and exploration company that has recently reported a significant decrease in income per share and revenue for the November to January 31, 2024 fiscal period. During this time, their income per share decreased by -66.67% to $0.01 per share, compared to $0.03 per share from the previous year. The revenue also took a sharp dive, plummeting by -99.758% to $0.12 million from $47.93 million in the same reporting period a year ago. In contrast to UEC's performance, the overall Metal Mining sector saw a 3.15% increase in revenue during the second quarter of 2024 compared to the previous year. This indicates that UEC is underperforming compared to its industry peers in terms of revenue generation.
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Uranium Energy Corp
Uranium Energy Corp (UEC) has showcased impressive growth and profitability in the fiscal first quarter of 2024, signifying a promising future for the company. Despite a significant drop in year-on-year revenue, the company managed to turn its profitability positive, primarily driven by improved net income and a substantial income tax refund. This positive performance has had a profound impact on the company's financials, and investors have responded positively, leading to a surge in the stock price. Positive Financial Performance In Q1 2024, UEC reported a remarkable shift in profitability compared to the preceding year. The company's earnings per share (EPS) turned positive at $0.01, an improvement from $-0.01 a year ago, and a considerable jump from $0.00 in the previous quarter. This positive trend is a reflection of the company's successful efforts to enhance operational efficiency and optimize its cost structure.
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Uranium Energy Corp
Financial News Report: Uranium Energy Corp Reports Fourth Quarter 2023 Financial Results: EPS of $0.00 and Revenue of $20.22 Million Uranium Energy Corp (UEC) recently announced its financial results for the fourth quarter of 2023, reporting earnings per share (EPS) of $0.00 and revenue of $20.22 million. This reflects a decline in EPS from $0.02 in the previous financial period ending July 31, 2022, despite a significant increase in revenue of 49,985.514% during the corresponding period. In contrast to the challenges faced by other companies in the Metal Mining industry, Uranium Energy Corp has flourished in the fourth quarter of 2023. The declining transactions and fading revenue observed in other corporations have not affected UEC. The company has witnessed a rise in revenue and has proactively focused on improving sales, resulting in a net margin of 1.33%.
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Uranium Energy Corp
Uranium Energy Corp, a Texas-based mining company, recently reported its financial results for the February to April 30, 2023 interval. The report revealed a significant increase in revenue of 104.371% year-on-year to $20.22 million but also showed a net shortfall of $-10.960 million, which is a disappointing result for the company. Moreover, the earnings per share fell from $0.03 per share to $-0.03 per share, indicating a significant decline in profitability. The revenue tumbled by -57.821% from $47.93 million from the preceding financial reporting period, which could be seen as a red flag for investors. It is worth noting that the Uranium Energy Corp is set to release their next financial earnings report on June 13, 2023. The upcoming report will reveal the company's ability to recover from the losses incurred during the February-April period and chart its course for the future.
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Per Share |
Current |
Earnings (TTM) |
-0.01 $ |
Revenues (TTM) |
0.15 $
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Cash Flow (TTM) |
0.12 $ |
Cash |
0.2 $
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Book Value |
1.91 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-0.01 $
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Revenues (TTM) |
0.15 $ |
Cash Flow (TTM) |
0.12 $ |
Cash |
0.2 $
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Book Value |
1.91 $ |
Dividend (TTM) |
0 $ |
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