Uranium Energy Launches First New U.S. ISR Uranium Mine in Over a Decade

Uranium Energy Corp (UEC), trading on the NYSE American as UEC, has achieved a significant milestone by receiving regulatory approval from the Texas Commission on Environmental Quality and commencing production at its Burke Hollow in-situ recovery (ISR) uranium project. This development marks the first new U.S. ISR uranium operation to launch in over a decade, positioning the company as a pivotal player in revitalizing domestic nuclear fuel production. The startup of Burke Hollow, combined with recent expansion approvals at its Christensen Ranch operations in Wyoming, establishes UEC as the only U.S. uranium company with two active ISR hub-and-spoke production platforms. This strategic move advances the company's scalable domestic production strategy, which is supported by a substantial resource base and growing policy support for strengthening the U.S. nuclear fuel supply chain.

As America's largest and fastest-growing supplier of uranium, Uranium Energy Corp is advancing a portfolio of low-cost, environmentally friendly ISR mining projects in the United States, alongside high-grade conventional projects in Canada. The company operates three hub-and-spoke platforms in South Texas and Wyoming, boasting a combined licensed production capacity of 12.1 million pounds of U3O8 annually. These platforms are anchored by licensed Central Processing Plants and served by multiple U.S. ISR uranium projects. In August 2024, the company initiated ISR operations at its Christensen Ranch project in Wyoming, with uranium-loaded resin being processed at the Irigaray CPP. UEC's diversified holdings include a pipeline of high-grade Canadian projects like the world-class Roughrider project, one of the largest physical uranium portfolios of U.S. warehoused U3O8, and a major equity stake in Uranium Royalty Corp., the sector's only royalty company. The company's operations are managed by professionals with extensive experience in the nuclear fuel industry, covering exploration, development, mining, and production.

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