Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has received $17.85 million from the U.S. Department of Energy (“DOE”). The funds are for supplying 300,000 pounds of U.S.-origin uranium concentrates, which were purchased under a contract UEC was awarded last month. The uranium was purchased at $59.50 per pound by the DOE–National Nuclear Security Administration (“NNSA”). According to the announcement, the contract was awarded as a result of the NNSA’s request for proposals as the government works to establish its strategic national uranium reserve program. “We are honored and delighted to have supplied 300,000 pounds of U.S. origin uranium concentrates to the NNSA and look forward to the continuation of the Uranium Reserve program and working with the DOE in the coming years,” said Uranium Energy president and CEO Amir Adnani in the press release.
To view the full press release, visit https://ibn.fm/0An2Y
About Uranium Energy Corp.
Uranium Energy Corp is the fastest-growing supplier of the fuel required for green-energy transition to a low-carbon future. UEC is the largest, diversified North American-focused uranium company, advancing the next generation of low-cost, environmentally friendly, in-situ recovery (“ISR”) mining uranium projects in the United States and high-grade conventional projects in Canada. The company has two production-ready ISR hub-and-spoke platforms in south Texas and Wyoming. These two production platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place. Additionally, UEC has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of North American-warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource-stage uranium projects. The company’s operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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