Uranium Energy Corp (NYSEAMER: UEC) |
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Price: $7.0550
$0.00
-0.071%
|
Day's High:
| $7.129
| Week Perf:
| 1.51 %
|
Day's Low: |
$ 7.02 |
30 Day Perf: |
2.25 % |
Volume (M): |
217 |
52 Wk High: |
$ 8.91 |
Volume (M$): |
$ 1,540 |
52 Wk Avg: |
$6.70 |
Open: |
$6.85 |
52 Wk Low: |
$4.06 |
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Market Capitalization (Millions $) |
2,908 |
Shares
Outstanding (Millions) |
412 |
Employees |
31 |
Revenues (TTM) (Millions $) |
17 |
Net Income (TTM) (Millions $) |
-53 |
Cash Flow (TTM) (Millions $) |
140 |
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 |
4.25 % |
12.54 %
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Stock Performances by Major Competitors |
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Stocks on the Move
Published Thu, Aug 15 2024 9:04 AM UTC
Uranium Energy Corp (NYSE American: UEC) reports on annual general meeting, shares underperforming marketUranium Energy Corp (NYSE American: UEC), a U.S.-based uranium mining and exploration company, held its annual general meeting of stockholders on July 16, 2024, and announced the results. However, despite this news, the company s shares have performed worse over the past ...
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Stocks on the Move
Published Wed, Jul 31 2024 9:09 AM UTC
Uranium Energy Corp: Analyzing Recent Performance Amidst Market TrendsIn recent weeks, Uranium Energy Corp (NYSE American: UEC) has experienced a surge in share price that stands in stark contrast to the general market s mixed performance. Notably, the company s shares managed to outperform those of many of its customers, even as the broader uranium market faced challenges,...
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Stocks on the Move
Published Mon, Jul 1 2024 7:53 PM UTC
Throughout this month, Uranium Energy Corp shares have failed to keep pace with the overall market performance. This article aims to examine the specific events that have impacted the company s stock, including an investigation and contrasting analyst evaluations. Additionally, key financial ratios will be analyzed to provide a broader perspective on Uranium Energy s perform...
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Stocks on the Move
Published Thu, Jun 27 2024 5:41 AM UTC
The month of June has been challenging for Uranium Energy Corp (UEC) as its shares have continuously underperformed in comparison to both its customers and the overall market. Various events and factors have contributed to this decline, raising concerns among investors and prompting an investigation into alleged wrongdoings. Additionally, though the company has made progress...
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Uranium Energy Corp
This article provides an analysis and interpretation of Uranium Energy Corp's financial results for the fiscal period ending April 30, 2024. The company's earnings per share (EPS), revenue, and net shortfall are compared to the figures reported in the prior year. Additionally, we will contextualize the financial results by discussing the recent performance of Uranium Energy Corp's stock. 1. EPS Performance: During the fiscal period ending April 30, 2024, Uranium Energy Corp experienced a decline in EPS. Comparing to the previous reporting season, the EPS fell from $0.01 per share to a shortfall of $-0.05 per share. This decline shows a significant decrease in profitability and raises concerns regarding the company's financial performance in the given period.
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Per Share |
Current |
Earnings (TTM) |
-0.13 $ |
Revenues (TTM) |
0.04 $
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Cash Flow (TTM) |
0.34 $ |
Cash |
0.46 $
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Book Value |
2 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-0.13 $
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Revenues (TTM) |
0.04 $ |
Cash Flow (TTM) |
0.34 $ |
Cash |
0.46 $
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Book Value |
2 $ |
Dividend (TTM) |
0 $ |
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Sale of Inventory |
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100 % |
of total Revenue |
Reporting Reconciling Item Corporate Nonsegment |
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100 % |
of total Revenue |
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