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Uranium Energy Corp  (UEC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $6.7650 $-0.18 -2.522%
Day's High: $7.1496 Week Perf: 1.58 %
Day's Low: $ 7.02 30 Day Perf: -17.5 %
Volume (M): 503 52 Wk High: $ 8.34
Volume (M$): $ 3,528 52 Wk Avg: $4.72
Open: $6.50 52 Wk Low: $2.30



 Market Capitalization (Millions $) 2,648
 Shares Outstanding (Millions) 391
 Employees 44
 Revenues (TTM) (Millions $) 107
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) 2

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
   UEC is expected to report next financial results on March 09, 2024.


Customers Net Income grew by UEC's Customers Net Profit Margin grew to

18.37 %

12.14 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
URG        4.37% 
UUUU        3.64% 
• View Complete Report
   



Uranium Energy Corp

Uranium Energy Corp Rides High with $2.81 Million Tax Refund Boosting Earnings



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.

Uranium Energy Corp

Uranium Energy Corp Shocks Industry with Extraordinary Fourth Quarter Conduct

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%.

Uranium Energy Corp

Uranium Energy Corp Struggles for Profitability Despite Monumental Revenue Boost in Latest Fiscal Period

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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