Uranium Energy Corp. (NYSE American: UEC) announced results for its fiscal year ended July 31, 2026, marking a significant expansion of its U.S. uranium production. The company has grown from a single producing mine in Wyoming to two mines across two states, with the start of production at Burke Hollow in South Texas and continued development of a third mine at Ludeman in Wyoming. This move underscores UEC’s position as America’s largest and fastest-growing uranium company, controlling the largest uranium resource base and most licensed production capacity in the United States.
For the fourth quarter, UEC reported production of 65,392 pounds of uranium at Christensen Ranch at a total cash cost of $28.38 per pound, and 17,352 pounds at Burke Hollow at a total cash cost of $36.13 per pound. The company also announced it enters fiscal 2027 debt-free, a notable achievement that provides financial flexibility as it advances its planned uranium conversion facility through United States Uranium Refining & Conversion Corp. This facility is intended to further strengthen the domestic nuclear fuel supply chain, reducing reliance on foreign sources.
The expansion comes amid growing global demand for uranium as countries seek reliable, carbon-free energy sources. UEC’s 100% unhedged uranium strategy offers full exposure to market fundamentals, which could benefit investors as uranium prices remain volatile. The company’s management team brings decades of experience across uranium exploration, development, production, and fuel cycle infrastructure, positioning it well to capitalize on these trends.
For more details on UEC’s fiscal 2026 results, the full press release is available at https://ibn.fm/MFZLt. Investors can also stay updated on the company’s latest news and updates in its newsroom at https://ibn.fm/UEC. The announcement was disseminated via MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors. MiningNewsWire is part of the Dynamic Brand Portfolio at IBN, which provides access to a vast network of wire solutions via InvestorWire and other services. For full terms of use and disclaimers, visit https://www.MiningNewsWire.com/Disclaimer.
