, /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the following results of the Company's recent annual meeting of stockholders held on July 23, 2026 (the "AGM"):
Amir Adnani, Spencer Abraham, David Kong, Vincent Della Volpe, Gloria Ballesta and Trecia Canty were elected to the Board of Directors of the Company; The appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, was ratified as the Company's independent registered accounting firm for the fiscal year ending July 31, 2026; and The Company's non-binding vote on the compensation of its named executive officers was approved. For complete results on all matters voted on at the AGM, please see the Company's Current Report on Form 8-K filed on EDGAR at www.sec.gov.
Following the AGM the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company:
Amir Adnani: President and Chief Executive Officer;
Josephine Man: Chief Financial Officer, Treasurer and Secretary;
Scott Melbye Executive Vice President; and
Brent Berg Senior Vice President, U.S. Operations.
About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.
Nuclear is having a moment, and July marks a genuine inflection point for the uranium supply chain. With 38 countries having pledged to triple nuclear power by 2050, hyperscalers keep signing power purchase agreements to feed AI data centers, and Washington just moved uranium onto the U.S. Critical Minerals List in November 2025. The Section 232 uranium investigation status report is due this month, potentially catalyzing new import restrictions that favor domestic producers.
Long-term uranium contracting prices sit near a 14-year high around US$91.50/lb, and utilities are racing to lock in supply. For investors, the cleanest way to play this without taking single-reactor risk is a pure-play basket across mining and enrichment. Here are three U.S.-listed names that map directly to the policy and demand tailwinds heating up this month.
Cameco (CCJ) Cameco (NYSE:CCJ | CCJ Price Prediction) is the tier-one anchor of any uranium book. The Saskatoon-based miner carries a $42.46 billion market cap and owns 49% of Westinghouse, giving it exposure to both the front-end fuel cycle and downstream reactor deployment. As of July 22, shares are down 8.22% year to date but up more than 16% over the past year and roughly 430% over five years, though the stock currently trades well off its 52-week high of $135.24.
The bull case rests on contracted volumes and rising realized prices. Q1 FY2026 uranium sales volumes rose 13% to 7.8 million pounds at a realized $65.45/lb, and 2026 guidance calls for 29 to 32 million pounds delivered at $85 to $89/lb, a step-change from $62.11/lb realized in 2025. Adjusted net earnings nearly tripled to $145.59 million in Q1, and the annual dividend was raised 50% to $0.24/share. Analysts carry a $132.13 target price with 9 Strong Buy and 10 Buy ratings.
Risk: Q1 revenue missed consensus by 25.62%, and the Key Lake mill bridge collapse plus an extended Q3 2026 maintenance shutdown could pressure delivery cadence. Q2 results land July 31, so keep an eye on the stock into month-end.
Uranium Energy (UEC) Uranium Energy (NYSE:UEC) is the most direct U.S.-domestic mining play. The Corpus Christi-based ISR (in-situ recovery) producer carries a $5.24 billion market cap and runs a deliberately unhedged strategy, meaning every pound sold captures spot pricing. As of July 22, shares trade around $9.68, up nearly 19% over the past year but down more than 26% year-to-date. Analysts see upside to $18.25.
The unhedged posture is already paying off. In Q2 FY2026, UEC sold 200,000 pounds at $101/lb, more than 25% above the quarterly spot average of $80.76/lb. Management then deliberately booked zero sales in Q3 to preserve pricing optionality, sitting on 1.456 million pounds of U3O8 valued at $127 million. The balance sheet is a fortress: $794 million in liquid assets, $488 million in cash, zero debt. Burke Hollow just came online as the largest greenfield ISR project to enter U.S. production in over a decade. If Section 232 lands with teeth this month, UEC is arguably the single most direct US-domestic beneficiary.
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Risk: No revenue in Q3, a rising total cost per pound of $54.61 (up from $44.14), and single-commodity exposure. The stock is volatile.
Centrus Energy (LEU) Centrus Energy (NYSE:LEU) is the differentiated pick: the only US-owned uranium enricher. That matters because advanced reactors, small modular reactors, and many AI-data-center-linked designs require HALEU (high-assay low-enriched uranium), a fuel Russia currently dominates. On July 22, Centrus traded around $174, down 36% year to date from a 52-week high of $464.25, offering a re-rating setup as the enrichment story reasserts itself. It rallied nearly 15% in the past week.
Q1 FY2026 was a genuine blowout: adjusted diluted EPS of $1.05 versus the 27-cent consensus, a 288.89% surprise, and Technical Solutions revenue up 47% on the DOE HALEU Operation Contract. Management raised 2026 revenue guidance to $450 million to $500 million and sits on $1.87 billion in cash. The strategic backdrop is even better: a $900 million DOE HALEU production task order, a $3.8 billion total backlog extending to 2040, and a $2.3 billion contingent LEU backlog. The Palantir partnership has already surfaced roughly $300 million in cost savings. Analysts target $274.36 with nine Buy and two Strong Buy ratings.
Risk: Execution on the Piketon and Oak Ridge centrifuge buildout, and DOE funding subject to appropriations. Q1 operating income collapsed 96% year-over-year as advanced-tech costs stepped up.
What to Watch Next Three catalysts define the July setup: the Section 232 status report, Cameco’s July 31 Q2 earnings, and any incremental hyperscaler nuclear PPA announcements. If the policy report lands with domestic-sourcing teeth, UEC and LEU get the sharpest re-rating, while CCJ remains the lower-beta way to own the theme. The uranium bull cycle is early-innings, and this basket covers mining, contracting, and enrichment without touching utility risk.
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Shares of Oklo (NYSE:OKLO | OKLO Price Prediction) are down 9.6% in Thursday afternoon trading to $41.31, extending a month-long slide that has now erased 28% of the stock’s value. The move caps a punishing stretch for the pre-revenue advanced reactor developer, with OKLO shares also off 42% year to date.
The pain has been broader than one name. NuScale Power (NYSE:SMR), Uranium Energy (NYSEAMERICAN:UEC), and the wider speculative nuclear and uranium trade have all cooled together over the past month, raising a fair question for investors: is it time to abandon nuclear stocks, or is this a narrower story about pre-revenue names?
The short answer, based on today’s action, is nuance. Speculative reactor developers and uranium miners have de-rated hard, while profitable nuclear-adjacent utilities have held up. Certainly, sizing risk matters here.
A Sector-Wide De-Rating in Speculative Names OKLO shares have led the drop, but they have had plenty of company. NuScale stock is down 23% over the month, and Uranium Energy shares are down 18%, with UEC off 5% today to $9.56. The VanEck Uranium and Nuclear ETF (NYSE ARCA:NLR) is down 16% for the month, a clear signal that the pain is broad rather than a single-name blowup.
NuScale is the closest comp to Oklo as a fellow pre-revenue small modular reactor (SMR) developer. Uranium Energy Corp. sits on the fuel side as a miner. Both share OKLO’s high-beta, headline-driven profile.
Because they lack revenue, Oklo and NuScale carry no meaningful P/E ratio, leaving them heavily exposed to sentiment shifts and long-dated milestone timelines.
Why OKLO Keeps Sliding There’s no single confirmed catalyst behind Thursday’s move. The selloff looks like a continuation of a broader de-rating, with investors citing missed or slipping milestone deadlines, the ongoing wait for reactor criticality and other regulatory checkpoints, zero revenue, stretched valuation, and cited insider selling.
On insider activity, those sales are frequently routine or pre-planned under 10b5-1 programs, and by themselves are not a reliable bearish signal. It’s a sentiment factor for investors to reference, and not necessarily actionable data.
Fundamentally, Oklo remains pre-revenue with a full-year 2024 net loss of $73.62 million and $275.3 million in cash, targeting first commercial power late 2027 to early 2028. Consensus analyst price targets remain elevated at $86.95, even as OKLO stock trades at $41.
Profitable Utilities Tell a Different Story The nuance in today’s action shows up in the utility-sector peers. Constellation Energy (NASDAQ:CEG) shares are down just 2% over the past month, while Vistra (NYSE:VST) stock is up 5% over the same stretch. Both trade on real earnings and long-dated hyperscaler power purchase agreements.
Constellation Energy carries a trailing P/E ratio of 22x, EPS of $11.51, and reaffirmed 2026 adjusted EPS guidance of $11 to $12. Vistra reaffirmed 2026 adjusted EBITDA guidance of $6.8 billion to $7.6 billion and was recently upgraded to investment grade by Fitch.
That divergence points to concentrated pain in pre-revenue reactor developers and uranium miners, while nuclear power more broadly is holding up.
Playing the Theme and What to Watch For investors who want thematic exposure without single-stock risk, the VanEck fund offers a diversified way to play the uranium and nuclear story. NLR shares represent a narrow, sector-concentrated thematic fund, and it isn’t leveraged, but its 16% monthly drop tracks the same dynamic pulling down the speculative names.
The bull case for OKLO remains intact if you believe in nuclear’s growing role powering AI data centers, the customer pipeline anchored by the 12 GW Switch agreement, and the Equinix (NASDAQ:EQIX) $25 million pre-payment. The bear case is straightforward: no revenue, execution risk, high valuation, and extreme volatility.
Community sentiment on Oklo has stayed polarized, with Reddit sentiment scores holding in the 78 to 88 range during the drawdown even as institutional flows rotated out. That sentiment-price disconnect suggests conviction remains strong on one side of the debate.
Investors can watch for Oklo’s next NRC licensing update, further insider filings, and whether the utility bid in CEG and Vistra continues to hold into the close. Position sizes should stay modest on the speculative names, and investors should consider keeping their exposure aligned with their tolerance for milestone risk that stretches into 2027 and 2028.
Uranium Energy (NYSEMKT: UEC) stock eked out a 2.1% gain through 3 p.m. ET Tuesday after RBC Capital analyst Andrew Wong initiated coverage of its rival, Littleton, Colo.-based uranium miner Ur-Energy (NYSEMKT: URG).
There was no other notable news to explain Uranium Energy's move, not even a spike in uranium prices -- which are actually down slightly today.
Image source: Getty Images.
RBC loves Ur-Energy RBC's Wong likes the prospects for nuclear power use in the U.S., and especially likes companies that provide reliable uranium supply to the U.S. As a U.S.-based uranium producer, Ur-Energy fits this bill.
So, too, does Corpus Christi, Tex.-based Uranium Energy.
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What this means for Uranium Energy stock RBC hasn't yet endorsed Uranium Energy stock, but investors may be betting that interest in Ur-Energy could put Uranium Energy on the analyst's radar as well. According to data from S&P Global Market Intelligence, the two companies share similarities -- with Uranium Energy modestly more attractive as an investment.
Both companies generate revenue -- $20 million over the past 12 months for Uranium Energy; $31 million for Ur-Energy. Neither is currently profitable, with Uranium Energy last reporting a profit in 2022 and Ur-Energy in 2018. Both companies are burning cash, but net cash-positive on their balance sheets to absorb the losses, with Uranium Energy possessing significantly more cash than Ur-Energy -- $488 million versus only $2 million in debt.
At its current cash burn rate of about $120 million per year, that gives Uranium Energy four more years to prove it can build a viable business model. And the best news of all?
Most analysts agree Uranium Energy will move much faster than that, turning both profitable and free cash flow-positive next year. Of the two uranium stocks, Uranium Energy seems the safer bet.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
It has been about a month since the last earnings report for Uranium Energy (UEC - Free Report) . Shares have added about 5.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Uranium Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Uranium Energy Earnings Miss Estimates in Q3 on Higher SpendingUranium Energy reported an adjusted loss of seven cents per share in the third quarter of fiscal 2026, excluding the impacts of non-recurring items, compared with the year-ago quarter’s loss of six cents. The figure was wider than the Zacks Consensus Estimate of a loss of five cents.
Including non-recurring items such as fair value loss on equity securities, the company posted a loss of 11 cents in the quarter.
Uranium Energy's earnings miss largely mirrored a heavier cost structure as the company advanced multiple initiatives at once, from mine development to the buildout of its broader U.S. fuel-cycle ambitions.
Uranium Energy reported no sales in the third quarter of fiscal 2026 as the company did not record any purchased-uranium inventory sales in the period.
During the quarter, the company produced 32,195 pounds of uranium concentrate produced at a total cost of $54.61 per pound, including a cash cost per pound of $46.69.
Uranium Energy stayed focused on building optionality around its uranium inventory and ISR ramp. As of April 30, 2026, the company held 1,456,000 pounds of purchased uranium concentrate inventory.
Operating Spend Pressures ResultsTotal operating costs rose 73.8% year over year to $40.8 million, driven primarily by mineral property expenditure of $29.5 million (up 88.4% from $15.7 million). General and administrative expenses were $9.43 million compared with $6.38 million, while depreciation, amortization and accretion totaled $1.82 million compared with $1.41 million.
As a result, Uranium Energy posted an operating loss of $40.8 million, wider than the $23.5-million operating loss incurred in the year-ago quarter.
Scales ISR Output With Burke Hollow OnlineOperationally, Uranium Energy reached a milestone by commencing production at its Burke Hollow IRS project, a greenfield ISR asset that is moving from development into early production activities.
At Burke Hollow, the company said that the uranium recovery process was initiated with oxygen and carbon dioxide injection, and it commissioned a satellite ion-exchange plant with 2,500 gallons per minute of capacity. It also completed and tested an additional 46 wells in phase 1A as it built out field infrastructure.
The company is also projecting higher production rates in the fiscal fourth quarter, with new header houses and Burke Hollow expected to operate for a full quarter.
Cash Position at Q3 EndUranium Energy exited the quarter with $794 million in liquid assets and no debt, underscoring a balance sheet positioned to fund development across multiple hubs.
Cash and cash equivalents totaled $488 million at April 30, 2026, compared with $149 million at the end of July 31, 2025.
In the first nine months of fiscal 2026, net cash used in operating activities was $90 million compared with an outflow of $41 million in the year-ago quarter.
Management Commentary and OutlookManagement expects production to increase in the fourth quarter of fiscal 2026 as Christensen Ranch header houses and Burke Hollow contribute for the full quarter. Unit costs are expected to decline as volumes.
How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
VGM ScoresCurrently, Uranium Energy has a poor Growth Score of F, a score with the same score on the momentum front. Following the exact same course, the stock has a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Uranium Energy has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Key Takeaways UEC now has two U.S. ISR platforms operating at Christensen Ranch and Burke Hollow.New header houses and Burke Hollow's first full-quarter contribution are expected to lift output.UEC holds $794M in liquid assets and no debt, but costs and sales timing remain volatile. Uranium Energy Corp. (UEC - Free Report) is moving from uranium optionality toward operational execution. The company now has two U.S. in-situ recovery platforms operating, giving investors a clearer production base.
The setup is still uneven. Liquidity and project depth support the longer-term case, but results may remain choppy while wellfields, approvals and sales timing settle.
How UEC Built a Two-Hub ISR PlatformUEC’s current operating base is anchored by Christensen Ranch in Wyoming and Burke Hollow in South Texas. Christensen Ranch feeds the Irigaray Central Processing Plant, while Burke Hollow is tied to the Hobson Processing Facility.
That hub-and-spoke structure gives UEC licensed processing capacity across two regions. Irigaray is licensed for up to 4 million pounds of uranium annually, and Hobson is licensed to process as much as 4 million pounds per year.
Burke Hollow commenced production on April 8, 2026, after approval from the Texas Commission on Environmental Quality. Christensen Ranch has already produced 276,516 pounds since its August 2024 restart.
Why Uranium Energy Sees More Volume AheadThe near-term production story rests on Christensen Ranch header houses and Burke Hollow’s first full-quarter contribution. Three new header houses in Wellfield 11 began production late in the third quarter of fiscal 2026 after state approval.
One additional header house was complete and awaiting approval, and five more were under construction in Wellfields 12 and the 10-extension. These additions are expected to lift fourth-quarter production as more infrastructure operates.
The third quarter of fiscal 2026 did not yet capture that full benefit. Preconditioning, leaching and precipitation costs were recorded before the related production volume was fully reflected.
UEC Growth Pipeline Extends Beyond Current MinesLudeman, Sweetwater and Roughrider form the next layer of UEC’s growth pipeline. At Ludeman, UEC completed a 240-hole delineation drilling program, while engineering for a satellite ion-exchange plant progressed.
Sweetwater adds scale to the Wyoming opportunity. The project has been designated as a FAST-41 transparency project, and UEC reached a permitting milestone with the Bureau of Land Management’s completeness review of its Plan of Operations for in-situ recovery operations.
At Roughrider, more than 80% of the planned 35,000-meter conversion core drilling program has been completed to support a planned pre-feasibility study. For peer context, Cameco Corporation (CCJ - Free Report) gives investors exposure to a larger uranium fuel-cycle company. Centrus Energy Corp. (LEU - Free Report) is more closely tied to nuclear fuel and enrichment.
Where Uranium Energy Still Faces Execution RiskExecution risk remains the main near-term issue. In the third quarter of fiscal 2026, UEC produced 32,195 pounds at a total cost of $54.61 per pound and a cash cost of $46.69 per pound.
Total cost per pound rose 25% sequentially, driven by lower production from late approvals and higher state taxes. Production-based royalties, ad valorem and severance tax per pound increased to $8.11 from $6.67 in the second quarter of fiscal 2026.
Sales timing also adds volatility. UEC made no sales in the third quarter of fiscal 2026 as management preserved inventory under its 100% unhedged strategy, which can leave quarterly revenues uneven.
The Zacks Consensus Estimate for UEC for fiscal 2026 is currently at a loss of 19 cents per share wider than the loss of 17 cents reported in fiscal 2025. The consensus for fiscal 2027 also suggests a loss of 11 cents per share as shown in the chart below.
Image Source: Zacks Investment Research
Shares of UEC have declined 27.8% in the past three months compared with the industry’s 6.7% fall.
Image Source: Zacks Investment Research
How UEC’s Ratings Fit This Uneven SetupThe bottom line is that UEC has a more tangible operating platform, but the investment case still depends on execution. Liquidity is a support, with $794 million of liquid assets at the end of the third quarter of fiscal 2026, including $488 million in cash and no debt.
UEC currently carries a Zacks Rank #4 (Sell). That rank points to near-term caution, as sales and costs remain sensitive to approvals, wellfield timing and market-driven sales decisions.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock’s Zacks Style Scores also lean weak. UEC has a VGM Score of F, with a Value Score of F, Growth Score of F and Momentum Score of D. Since Style Scores complement the Zacks Rank, those marks do not strengthen the near-term setup.
For investors, the contrast is clear. UEC’s inventory, liquidity and project base support a constructive long-term narrative, but the current Rank and Style Scores argue for patience until production stabilizes and estimate trends improve.
Key Takeaways UEC is tying U.S. uranium production to a broader nuclear fuel and critical-minerals strategy.UEC's UR&C is pursuing a U.S. conversion facility, with licensing steps still ahead.UEC's growth hinges on permits, wellfield performance, site selection and construction timing. Uranium Energy Corp. (UEC - Free Report) is increasingly tied to a broader U.S. nuclear fuel and critical-minerals story. The company has moved beyond a simple uranium price trade by pairing domestic in-situ recovery production with a proposed conversion platform.
That strategy gives UEC a place in supply-security discussions. Investors still need to separate the long-term theme from near-term execution.
How UEC Fits the U.S. Fuel Security PushUEC holds what it describes as the largest uranium resource base and most licensed production capacity in the United States. Its Wyoming and South Texas hub-and-spoke in-situ recovery operations total about 12 million pounds of licensed annual capacity.
The operating model matters because multiple mines can feed central processing infrastructure. Christensen Ranch is processed through the Irigaray Central Processing Plant, while Burke Hollow and Palangana feed the Hobson Processing Facility.
Cameco Corporation (CCJ - Free Report) provides a useful industry reference point because it is a large uranium and nuclear fuel supplier with exposure across the global fuel cycle. That makes Cameco a benchmark for assessing how far UEC must still go to turn domestic resources into durable fuel-cycle earnings.
Why Uranium Energy Is Chasing Conversion CapacityUEC’s next strategic layer is United States Uranium Refining & Conversion Corp., or UR&C. The subsidiary is pursuing a new uranium refining and conversion facility in the United States, which would move the company beyond mining and yellowcake production.
UR&C has received a U.S. Nuclear Regulatory Commission docket number for the planned conversion facility. Engineering and design work with Fluor is continuing, and the formal license application is expected after design work is completed and a site is selected.
Management views Western conversion capacity as an acute bottleneck. Centrus Energy Corp. (LEU - Free Report) , which is focused on nuclear fuel and high-assay low-enriched uranium, shows why investors are watching fuel-cycle infrastructure beyond mining.
UEC Growth Trend Depends on Permits and TimingPolicy support does not eliminate the need for approvals, construction and wellfield performance. At Christensen Ranch, three new header houses in Wellfield 11 began production late in the third quarter of fiscal 2026 after state approval, while one more was complete and awaiting approval.
Sweetwater reinforces the same point. The Wyoming project has FAST-41 transparency status, and the Bureau of Land Management completed its completeness review of UEC’s Plan of Operations for in-situ recovery operations.
Those milestones are useful, but timing remains central to the investment case. Site selection, licensing and construction will determine when strategic projects can shift from policy-aligned assets to economic contributors.
The Zacks Consensus Estimate for UEC for fiscal 2026 is currently pegged at a loss of 19 cents per share, wider than the loss of 17 cents reported in fiscal 2025. The consensus for fiscal 2027 also suggests a loss of 11 cents per share, as shown in the chart below.
Image Source: Zacks Investment Research
How Uranium Energy Adds Critical Mineral ExposureUEC’s Alto Paraná project in Paraguay gives the company an adjacent critical-minerals angle through titanium and vanadium. An independent report concluded that the project could contribute to the security and diversification of U.S. supply chains.
The preliminary economic assessment included two development cases. The first showed an net present value (NPV) of $419 million and a 21% post-tax internal rate of return, while the larger-scale case showed an NPV of $1.55 billion and a 25% post-tax internal rate of return.
That optionality broadens UEC’s strategic narrative. It does not replace the core uranium thesis, but it gives investors another asset tied to supply-chain diversification.
What UEC’s Ratings Say About This Trend TradeThe bottom line is that UEC’s thematic reach is expanding faster than its near-term stock signal. The company has licensed U.S. capacity, a conversion initiative and critical-mineral exposure, but investors still need proof that execution can become steadier.
UEC currently carries a Zacks Rank #4 (Sell). That short-term rating points to caution over the next one to three months, particularly while the company is still working through production variability, cost pressure and licensing milestones.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Style Scores reinforce that view. UEC has a VGM Score of F, Value Score of F, Growth Score of F and Momentum Score of D. Since higher Style Scores are generally more favorable, these weak grades suggest a less attractive setup across valuation, growth and price-action factors.
For now, the U.S. nuclear fuel and critical-minerals theme gives UEC a clearer strategic identity. The stock still needs cleaner execution, better momentum and more durable earnings support before that theme translates into a stronger signal.
Key Takeaways Cameco posted 7% Q1 revenue growth and adjusted earnings jumped 194% year over year.Centrus raised 2026 revenue guidance and reported a $3.9 billion backlog extending to 2040.CCJ's 2026 and 2027 earnings outlook outpaces LEU, whose estimates point to declines. Cameco Corp. (CCJ - Free Report) and Centrus Energy (UEC - Free Report) are two prominent names positioned to benefit from the growing global demand for nuclear power.
Cameco is one of the world’s largest uranium producers with an integrated business spanning mining, milling and fuel services. The company owns interests in world-class assets such as McArthur River and Cigar Lake and benefits from established production, long-term contracts and strong operating cash flows. Centrus Energy supplies nuclear fuel and services for the nuclear power industry, and is pioneering the production of High-Assay, Low-Enriched Uranium (HALEU).
As governments increasingly embrace nuclear energy to meet rising electricity demand and decarbonization goals, both companies appear well-placed for long-term growth. In this context, which stock offers better long-term growth prospects, Cameco or Centrus Energy? To make an informed decision, let us analyze their fundamentals, growth potential and key challenges.
The Case for CCJIn the first quarter of 2026, Cameco’s total revenues were up 7% to CAD 845 million ($616 million), reflecting improved performance of the uranium segment, which helped offset lower revenues in Fuel services. Uranium revenues increased 15% to CAD712 million ($520 million) on higher volumes and prices. Fuel Services revenues were down 1% year over year to CAD 134 million ($98 million), with higher volumes being offset by a 17% decline in average realized prices.
Cameco’s adjusted earnings surged 194% year over year to CAD 0.47 (34 cents) per share in the quarter. This was mainly attributed to higher revenues and stronger equity earnings from its 49% interest in Westinghouse Electric Company.
For 2026, CCJ expects its share of uranium production from McArthur River mine/Key Lake and Cigar Lake to range between 19.5 million and 21.5 million pounds compared with 21 million pounds of uranium in 2025. Although flooding in northern Saskatchewan temporarily disrupted operations at the Key Lake mill and McArthur River earlier this year, management has established a reliable flow of critical supplies through a secondary transportation route, restoring operations.
Cameco’s share of uranium from Cigar Lake is currently expected to be 9.5-10 million pounds and McArthur River’s contribution is anticipated at 10.0-11.5 million pounds for 2026. Cameco recently announced plans to increase its stake in Cigar Lake to 57.418%. Following the closure of the deal, which is expected in the third quarter of 2026, the guidance from the mine is expected to be revised subsequently.
Uranium deliveries are targeted at 29-32 million pounds for 2026, below the 33 million pounds delivered in 2025. Uranium revenues are projected at CAD 2.54–2.73 billion for 2026, which implies a 7% year-over-year decline at the midpoint due to lower volumes. The fuel services segment is expected to fare better, with revenues projected at CAD 590-630 million, suggesting a 9% increase from 2025 levels. Cameco’s total revenue guidance for the year is CAD 3.13-3.37 billion, indicating a 7% decline at the midpoint from 2025.
Cameco also benefits from excellent long-term contract visibility. As of March 31, 2026, Cameco had secured contracts requiring average annual uranium deliveries of more than 28 million pounds per year over the next five years. The company also has sale contracts for roughly 83 million kilograms of UF6 conversion to 33 customers.
Cameco is investing to expand production and capture favorable market conditions, including extending Cigar Lake’s mine life to 2036 and ramping up output at McArthur River and Key Lake toward their licensed annual capacity of 25 million pounds (100% basis).
The Case for Centrus EnergyFor the first quarter of 2026, Centrus Energy reported revenue growth of 5% year over year to $76.7 million. Revenues from the Low-Enriched Uranium segment decreased 13% year over year to $44.6 million. Management noted that SWU revenues slid 19% to $41.6 million as the volume of SWU sold fell 47%, partly offset by a 52% jump in the average selling price. Uranium sales added $3 million in the quarter.
The Technical Solutions segment generated revenues of $32.1 million, up 47% from the year-ago quarter. The lift was primarily tied to a $9.8 million increase from the HALEU Operation Contract with the Department of Energy.
Centrus Energy raised its full-year 2026 revenue guidance to a range of $450-$500 million from the prior range of $425-$475 million. As of March 31, 2026, the total company backlog was $3.9 billion, which extends to 2040, providing significant long-term revenue visibility.
The company is pursuing a multi-billion-dollar expansion of its Piketon, OH, facility to increase LEU and HALEU output and support more than $2.4 billion of contingent LEU sales commitments that are under definitive agreements as of March 31, 2026. The company continues to expect total capital deployment of $350-$500 million in 2026, driven by increased investment tied to its industrial buildout.
To improve operational efficiency, Centrus Energy has partnered with Palantir Technologies (PLTR - Free Report) and identified nearly $300 million in potential cost savings tied to its expansion initiatives.
The company is targeting annual HALEU production of 12 metric tons sometime after 2030, with initial production expected before the end of the decade.
Importantly, Centrus Energy remains the only licensed producer of HALEU in the Western world, giving it a unique strategic advantage as demand for advanced reactor fuel grows. Management estimates the HALEU market opportunity could reach $8 billion annually by 2035.
The company recently signed an agreement with Oklo Inc. (OKLO - Free Report) under which Centrus Energy will supply enough HALEU to power up to five Aurora powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus Energy will supply HALEU from the American Centrifuge Plant in Ohio to support Oklo’s planned 1.2 GW power campus in the region.
How do Estimates Compare for Cameco & Centrus Energy?The Zacks Consensus Estimate for Cameco’s 2026 earnings indicate a year-over-year increase of 17.5%. The estimate for 2027 indicates a year-over-year rise of 58.7%.
The consensus estimate for Centrus Energy’s 2026 earnings is pegged at $2.74 per share, which indicates a year-over-year decline of 29.7%. The estimate for 2027 earnings is pinned at $2.73 per share, indicating a year-over-year dip of 0.14%.
Image Source: Zacks Investment Research
Over the past 90 days, the EPS estimates for Cameco’s fiscal 2026 have moved down, while the estimates for 2027 have moved up. The estimates for Centrus Energy for both fiscal 2026 and fiscal 2027 have moved down in the same timeframe.
Image Source: Zacks Investment Research
CCJ & LEU: Price Performance & ValuationIn the past six months, Cameco stock has appreciated 23% while Centrus Energy shares have declined 18.4%.
Image Source: Zacks Investment Research
Cameco is trading at a forward price-to-earnings multiple of 63.08X. Centrus Energy’s forward sales multiple sits at 62.25X.
Image Source: Zacks Investment Research
ConclusionBoth Centrus Energy and Cameco are poised to thrive as nuclear energy gains global traction. Cameco offers scale, diversification and steady earnings visibility through its integrated fuel cycle and Westinghouse investment. Centrus Energy is uniquely positioned to drive the next phase of nuclear innovation through HALEU production.
Both stocks currently have a Zacks Rank #3 (Hold) each, which makes choosing one a difficult task. From a price performance standpoint and earnings growth projections, Cameco is the more appealing option at the moment, albeit at a slightly higher valuation.
On June 18, 2026, Uranium Energy Corp UEC shares rose 5.2% to $12.01. The stock's performance over the past year has been notable, with a 52-week range of $5.90 to $20.34, indicating significant volatility in the market.
GF Value™ verdict: Current price is $12.01 vs GF Value™ of $2.39, indicating that the stock is 402.5% overvalued.GF Score™ is 44/100, suggesting an average investment quality.Most notable signal: Financial Strength is rated 8/10. Is UEC Overvalued or Undervalued? The current price of Uranium Energy Corp UEC stands at $12.01, which is significantly higher than the GF Value™ of $2.39. This discrepancy suggests that the stock is overvalued by approximately 402.5%. GF Valuation indicates that UEC is significantly overvalued, raising concerns about the potential risks associated with investing at this price level. A high valuation in comparison to intrinsic value can imply a lack of margin of safety for potential investors.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With such a stark contrast between the current market price and the GF Value™, investors should exercise caution, as the likelihood of a price correction is elevated in an overvalued scenario.
How Does UEC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 990.6x 193.8x Currently, UEC is trading at a forward P/E of 990.6x, substantially above its 5-year median P/E of 193.8x. This analysis indicates that the stock is trading significantly above its historical valuation, which aligns with the GF Value™ verdict of being overvalued. Such a high P/E suggests that market expectations are not only elevated but could also set the stage for potential declines as reality sets in.
What Does UEC's GF Score™ Tell Us? Metric Rating GF Score™ 44/100 Financial Strength 8/10 Profitability 1/10 Growth 0/10 Valuation 1/10 Momentum 6/10 The GF Score™ of 44/100 indicates that UEC has average investment quality based on the five key aspects considered for the score. The strongest area is Financial Strength, rated 8/10, which suggests that the company has a solid balance sheet and financial resilience. Conversely, the weakest areas are Profitability and Growth, both rated 1/10, indicating significant challenges in generating profits and expanding the business. The low Valuation score of 1/10 further emphasizes the overvaluation concern based on current market conditions.
What Are Insiders Doing with UEC Stock? In the last three months, there have been no insider transactions reported for Uranium Energy Corp UEC . The absence of insider activity may suggest a lack of confidence from management about the stock's current valuation or future performance. Generally, insider buying can be seen as a positive signal, while selling may indicate concerns about the company’s prospects. However, the lack of transactions makes it difficult to gauge insider sentiment at this time.
What This Means for Investors Based on the GF Value™ assessment, Uranium Energy Corp UEC appears to be overvalued at its current price of $12.01 compared to the GF Value™ of $2.39. Investors should be cautious given the significant premium over intrinsic value and the potential risks that accompany such high valuations.
For the complete analysis, visit the Uranium Energy Corp UEC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is UEC's GF Score™?
UEC's GF Score™ is 44/100, which suggests an average investment quality based on its underlying financial metrics and performance indicators.
Is UEC overvalued or undervalued?
UEC is currently overvalued, with a GF Value™ of $2.39 compared to the current price of $12.01, indicating a significant premium.
What is UEC's P/E ratio?
UEC's forward P/E ratio is 990.6x, which is considerably higher than its 5-year median P/E of 193.8x, confirming the company's overvaluation status.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Uranium Energy (UEC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Uranium Energy currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.
Of the nine recommendations that derive the current ABR, seven are Strong Buy, representing 77.8% of all recommendations.
Brokerage Recommendation Trends for UEC
Check price target & stock forecast for Uranium Energy here>>>
While the ABR calls for buying Uranium Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is UEC a Good Investment?Looking at the earnings estimate revisions for Uranium Energy, the Zacks Consensus Estimate for the current year has declined 30.4% over the past month to -$0.19.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Uranium Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Uranium Energy with a grain of salt.
Key Takeaways UEC's fiscal Q3 call focused on Burke Hollow's start-up, weak output, higher costs and no revenues.UEC expects new wellfields at Christensen Ranch and Burke Hollow to lift Q4 production and ease costs.UEC held $794M in liquid assets as of April 30 and plans to preserve inventory amid weaker pricing. Uranium Energy Corp. (UEC - Free Report) used its third-quarter call to press a longer-term growth case despite a weak reported quarter. Management’s message centered on new production coming online, a sizable liquidity cushion and a broader push to build a vertically integrated U.S. uranium fuel chain.
The quarter itself was pressured by lower output, higher unit costs and no revenues, producing a miss versus the Zacks Consensus Estimate on both EPS and sales. Even so, executives repeatedly steered investors toward what they see as a stronger fourth quarter and a deeper pipeline of permitted assets.
UEC Puts Burke Hollow at the CenterPresident and CEO Amir Adnani framed Burke Hollow as the quarter’s defining milestone. He said the South Texas project began production on April 8 and called it the largest greenfield in-situ recovery uranium project to enter production in the United States in more than a decade.
Management used that milestone to reinforce a broader scarcity argument. Adnani said Burke Hollow’s 14-year path from discovery to production underscores the strategic value of fully permitted uranium projects and strengthens UEC’s claim that its portfolio gives it a competitive advantage in a market where new domestic supply is hard to bring on.
The presentation added more operating detail, noting that the satellite ion-exchange plant was commissioned and phase 1A wellfield development continued, with additional wells completed and tested. Management said Burke Hollow should contribute to reported production in the fiscal fourth quarter after only a limited impact in the third quarter.
Uranium Energy Says Costs Should EaseThe main operational blemish was cost inflation tied to slower production. During the quarter, UEC produced 32,195 pounds of uranium concentrate at a total cost per pound of $54.61 and a cash cost per pound of $46.69 versus cumulative since-restart costs of $39.30 and $32.40, respectively, across 276,516 pounds.
Adnani and CFO Josephine Man both attributed the higher quarterly unit costs mainly to the timing of regulatory approvals for new header houses and the fixed-cost nature of the business. Their argument was that expenses tied to new production areas were incurred before associated pounds were fully reflected in quarterly output.
That explanation also framed management’s near-term outlook. Executives said new wellfields at Christensen Ranch and Burke Hollow should lift production in the fourth quarter and bring total and cash costs per pound down from third-quarter levels.
UEC Leans on Its Wyoming Build-OutMuch of the call’s forward focus rested on Christensen Ranch and the surrounding Wyoming platform. UEC said it received approval for three additional header houses at the end of March, with five more under construction and another completed header house awaiting approval.
In Q&A, senior vice president of U.S. Operations Brent Berg gave a more detailed look at the ramp. He said production in the third quarter came largely from wellfields 8 and 10, while the new wellfield 11 header houses only began contributing near quarter-end, setting up a more visible increase in the fourth quarter.
Berg also highlighted the company’s operating build-out, saying the Wyoming and Texas workforce grew to 185 employees from 103 a year earlier, with more construction now handled internally rather than by contractors. That response suggested management sees execution capacity, not just resource depth, as part of the next growth phase.
Uranium Energy Expands the Fuel Cycle StoryAnother major theme was U.S. Uranium Refining & Conversion Corp., or URNC. Adnani cast the project as a response to a key Western fuel-cycle bottleneck and a way for UEC to become the only American vertically integrated uranium supplier spanning mining through conversion.
The company said it received a docket number from the Nuclear Regulatory Commission, marking its first licensing milestone, and narrowed candidate locations to a final shortlist after discussions with the Department of Energy. The presentation said a formal license application will follow once engineering work with Fluor is completed and a site is chosen.
Analysts pushed on timing, and Adnani offered more specificity in the Q&A than in prepared remarks. He said the next major conversion study should now be a first-half 2027 event, while stressing that updates on siting, strategic partners, government discussions, and potential utility offtake could come earlier.
UEC Defends the Quarter in Analyst Q&AThe sharpest scrutiny centered on regulatory delays, production cadence and the equity book’s effect on earnings volatility. Asked whether the latest production weakness simply extended prior delays, Adnani said the approvals did come through, but too late in the quarter to help reported output materially.
On the income statement, Man said about $19 million of the quarter’s volatility came from changes in the fair value of equity securities. Management said it may increasingly emphasize adjusted EBITDA to help investors isolate underlying operations as the company develops a more regular sales cadence.
That context mattered because reported third-quarter results were soft. UEC posted an adjusted loss of $0.07 per share, wider than the Zacks Consensus Estimate of a loss of $0.05 by 40%. The company reported no revenues against the consensus estimate of $8.5 million, reflecting a negative surprise of 100%.
Uranium Energy Leaves a Long-Horizon MessageThe closing tone of the call was assertive, not defensive. Adnani repeatedly returned to three points: UEC’s large U.S. resource base, its expanding hub-and-spoke production system, and its debt-free balance sheet.
Liquid assets stood at $794 million on April 30, including $488 million of cash, while uranium inventory totaled about 1.4 million pounds of U3O8, excluding additional in-process material at Irigaray. Management said that the balance sheet supports its unhedged strategy and lets it preserve inventory rather than sell into weaker pricing conditions.
Zacks Signals Point to Weak Near-Term SetupUEC currently carries a Zacks Rank #4 (Sell), which signals weaker near-term earnings estimate revision trends. That matters most in the Zacks framework, even when a stock has some favorable style characteristics. The company has a Value Score of F, Growth Score of F, Momentum Score of B and a VGM Score of F.
A stronger Style Score is most useful when paired with a Zacks Rank #1 (Strong Buy) or 2 (Buy), while stocks rated 4 or 5 (Strong Sell) are not considered attractive buys regardless of Style Score strength. That leaves UEC with limited support from the current score mix, though the Zacks Rank can change as estimate revisions move after the quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Uranium Energy (UEC +3.76%) stock sank this week, ending the period down 12.7% even after seeing significant rebound momentum in Thursday and Friday's sessions. Meanwhile, the S&P 500 and the Nasdaq Composite both ended the week up roughly 0.7%.
On June 9, Uranium Energy published its results for the third quarter of its current fiscal year -- which ended April 30. In addition to the market's negative reaction to the earnings report, the company also saw sell-offs connected to macroeconomic and geopolitical pressures.
Image source: Getty Images.
Investors weren't happy with Uranium Energy's Q3 report In fiscal Q3, Uranium Energy posted a net loss of $0.11 per share -- a performance that came in far worse than the average analyst estimate's call for a loss of $0.03 in the period. The business did not record any sales in the quarter.
Along with the quarterly report, Uranium Energy said that it expected production to increase in the current quarter. Management also said that it expected a Class IV cost study to be completed in the first half of the next calendar year, potentially paving the way for an accelerated commercialization ramp.
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Macroeconomic and geopolitical news also weighed on the stock On Wednesday, the Bureau of Labor Statistics published its Consumer Price Index (CPI) report for May. The report showed overall CPI inflation of 4.2% and core CPI inflation of 2.9%. While the results were roughly in line with economists' forecasts, inflation also accelerated in the month. The inflation news was made more worrying by developments suggesting that the war with Iran was getting ready to ramp back up, but investors got good news on that front later in the week.
Despite some conflict flare-ups, news subsequently emerged that the U.S. and Iran were close to making a peace deal -- and stocks rallied in response. While it looks like the two sides are poised to agree to basic terms to end the conflict, Uranium Energy's pre-revenue status means it could continue to see big swings in conjunction with macroeconomic and geopolitical news.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
[url="]Marvell Technology, Inc[/url]. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today introduced Marvell Teralynx T100, the indu
Vancouver, BC – TheNewswire - June 1, 2026 – Uranium One Mining Corp. (“Uranium One”) (CSE: UUU | OTC: UUUFF | FWB: SL5) and Copper One Resources Corp. (“Copper One”) (CSE: CEXY | OTC: CEXYF | FWB: YW5) (collectively, the “Companies”) are pleased to announce that, further to the news release dated May 1, 2026, Copper One has completed the acquisition (the “Acquisition”) of a 100% undivided legal and beneficial interest in nine mineral claims known as the Redonda Copper property located northeast of Campbell River in the Vancouver Mining Division of British Columbia (the “Property”) from Uranium One, pursuant to the terms of a property purchase agreement (the “Agreement”) dated April 30, 2026. All mineral titles comprising the Property were transferred to Copper One on May 11, 2026 pursuant to the Acquisition.
Transaction Terms
Pursuant to the terms of the Agreement, Uranium One transferred to Copper One a 100% interest in the Property, free and clear of all encumbrances other than a 3% net smelter return royalty in favour of Homegold Resources Ltd. (“Homegold”) on commencement of commercial production (the “Homegold NSR”) and other permitted encumbrances as set out in the Agreement. As consideration, Copper One paid to Uranium One the sum of C$1,100,000 (the “Consideration Cash”). Copper One has assumed all obligations in respect of the Homegold NSR.
All closing conditions have been satisfied including, without limitation, (a) the payment by Uranium One of its outstanding deferred balance of C$300,000 to Homegold, (b) the delivery by Uranium One of all duly executed instruments of transfer necessary to transfer its interest in the Property to Copper One, including all documents required to initiate a bill of sale process on the Mineral Titles Online system in connection with such transfer, (c) the receipt by each party of all necessary consents and approvals, (d) each party’s representations and warranties in the Agreement being true and correct in all material respects as of the closing date, and (e) each party completing its covenants and obligations as contained in the Agreement.
As David Greenway is a director and officer of both Uranium One and Copper One, the Acquisition is considered a “related party transaction” as this term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (“MI 61-101”). Uranium One and Copper One have relied on the exemption from valuation requirement and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the Consideration Cash does not represent more than 25% of either Uranium One or Copper One’s market capitalization, as determined in accordance with MI 61-101.
About Uranium One Mining Corp.
Uranium One Mining Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of uranium projects and select battery metals assets. The Company is advancing a diversified portfolio of high-potential projects in Canada, Paraguay and Argentina, with a strategic focus on assets positioned to benefit from the increasing global demand for nuclear energy and secure energy supply chains.
The Company’s projects include the Quark Uranium Project, the Yuty Prometeo Uranium Project, and the Nucleon Uranium Project, each of which offers significant exploration upside and potential for resource expansion.
Uranium One Mining Corp. is committed to responsible exploration practices, disciplined capital allocation, and the creation of long-term shareholder value through the systematic advancement of its project portfolio.
About Copper One Resources Corp.
Copper One is focused on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. This demand is driven by U.S. clean energy and electrification initiatives, including the Inflation Reduction Act of 2022, and similar climate-focused programs worldwide, which require substantial amounts of copper, silver, and gold for electric vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy systems.
Copper One’s flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada. Majuba Hill benefits from a mining-friendly regulatory environment and strong local infrastructure.
With a strengthened technical framework, supportive jurisdiction, and funded exploration program, Copper One is focused on advancing Majuba Hill through systematic drilling and technical evaluation. Copper One remains committed to responsible exploration, technical transparency, and creating long-term shareholder value through discovery-focused exploration.
On Behalf of the Uranium One Mining Corp. Board of Directors:
"Richard Robbins"
Richard Robbins, CFO
On Behalf of the Copper One Resources Corp. Board of Directors:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release may contain certain forward-looking statements and forward-looking information (collectively, “Forward-Looking Statements”) within the meaning of the applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target", “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forward-Looking Statements in this news release include, without limitation, statements relating to: the anticipated benefits of the Acquisition to the Companies and their shareholders; Copper One's plans with respect to the Property following the Acquisition; and the Companies’ broader business objectives, exploration plans, and strategic direction. Forward-Looking Statements are based on the reasonable assumptions, estimates, expectations, and opinions of management of the Companies as of the date of this news release, and are necessarily subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Companies to be materially different from those expressed or implied by such Forward-Looking Statements, including but not limited to: risks relating to the mineral exploration industry, including the inherent uncertainty of mineral exploration and development; risks related to the title, ownership, and condition of the mineral claims; fluctuations in commodity prices, including copper or uranium prices; changes in applicable laws, regulations, or government policies in Canada, the United States, or any other relevant jurisdiction; general economic, market, and business conditions; any other risks and uncertainties described from time to time in the Companies’ public disclosure documents filed on SEDAR+ (www.sedarplus.ca). Although the Companies believe that the assumptions underlying the Forward-Looking Statements are reasonable, undue reliance should not be placed on these statements, which apply only as of the date of this news release. The Forward-Looking Statements contained herein are expressly qualified in their entirety by this cautionary note. The Companies do not undertake any obligation to publicly update or revise any Forward-Looking Statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Additional information about these and other risks and uncertainties is available in the Companies’ public disclosure documents filed on SEDAR+ at www.sedarplus.ca.
-NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES-
, /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC), the ("Company" or "UEC") is pleased to announce that the Company will issue its fiscal 2026 third quarter operating and financial results before the markets open on Tuesday, June 9, 2026.
A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Tuesday, June 9, 2026, to discuss these results. To participate, please use one of the following methods:
Webinar: Click Here
North America (toll-free): 1-877-270-2148
International: 1-412-902-6510
The fiscal 2026 third quarter results presentation will be available on UEC's website at www.uraniumenergy.com and a replay of the event will be available following the presentation.
About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production, and fuel cycle infrastructure.
Shares of Uranium Energy (UEC +5.60%) popped on Tuesday, trading 11% higher as of 1 p.m. ET and logging nearly 26% gains in just 10 trading days, as of this writing.
This morning, Uranium Energy announced it will report its next quarterly earnings on June 9. However, it's not the pre-earnings anticipation that sent the uranium stock soaring. The sudden buying frenzy is a direct reaction to an industry development that investors believe could create significant opportunities for the uranium miner.
Image source: Getty Images.
The Urenco deal that sent uranium stocks soaring Uranium Energy has built a strong asset base over the years and recently started the second of its three hub-and-spoke projects. In a hub-and-spoke business model, the company doesn't build a processing mill at every mine site. Instead, it has a centralized hub plant that handles the heavy lifting for several mines, thereby significantly cutting costs.
Uranium Energy now owns roughly 12 million pounds of licensed processing capacity per year, making it one of the largest uranium companies in the U.S. It is also pursuing refining and conversion capabilities, including the conversion of uranium into hexafluoride gas, an essential chemical form used to process and enrich uranium for nuclear fuel.
And, this is where today's development becomes relevant.
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Urenco, a global uranium enrichment company owned by the U.K. and Dutch governments and two German utilities, has announced plans to expand capacity by nearly 50% at the only commercial uranium enrichment facility in the U.S. Urenco's order book is growing, compelling it to invest multi-billion dollars on expanding capacity.
Urenco's primary raw material is hexafluoride, which comes from processed uranium ore. Urenco enriches it to make it usable as a fuel for nuclear power reactors.
Long story short, Urenco's massive capacity expansion will create immediate and long-term demand for local uranium miners like Uranium Energy, which explains why the uranium stock jumped today.
What this means for Uranium Energy investors The Urenco expansion comes at a time when industry tailwinds are already blowing firmly in the uranium industry's favor. The U.S. government is aggressively moving to sever its reliance on Russia for uranium imports, finalizing a complete ban on Russian uranium imports by Jan. 1, 2028.
Uranium Energy has been actively preparing its operational hubs in Wyoming and Texas to increase production. The Urenco expansion provides the exact long-term market certainty needed to fast-track those plans.
On June 02, 2026, Uranium Energy Corp (UEC) shares rose by 13.6%, bringing the current price to $15.44. This price is situated within the 52-week range of $5.63
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Uranium Energy (UEC - Free Report) .
Uranium Energy currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.
Of the nine recommendations that derive the current ABR, seven are Strong Buy, representing 77.8% of all recommendations.
Brokerage Recommendation Trends for UEC
Check price target & stock forecast for Uranium Energy here>>>
While the ABR calls for buying Uranium Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in UEC?In terms of earnings estimate revisions for Uranium Energy, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$0.12.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uranium Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Uranium Energy.
Commenced Production at Burke Hollow, America's Largest Greenfield ISR Uranium Project
UEC is Now Operating Two of its Three U.S. Hub-and-Spoke ISR Production Platforms, Anchored by the Largest Uranium Resource Base in the U.S.
$794 Million of Liquid Assets(1) and No Debt
Building America's Only Vertically Integrated Uranium Fuel Supply Chain from Mining through Refining and Conversion
Fiscal Q3 2026 Operational Highlights:
Operations Commenced at Burke Hollow ISR Project: America's largest greenfield in-situ recovery ("ISR") project to come into production in over a decade started operations in South Texas. Maintaining Low-Cost Production Profile: During the quarter, 32,195 pounds of uranium concentrate were produced at a Total Cost per Pound(2) of $54.61, including a Cash Cost per Pound(2) of $46.69. Total Cost per Pound rose in the third quarter primarily due to lower production resulting from timing of regulatory approvals for new header houses that started operating later in the quarter and an increase in State taxes. Since commissioning, UEC's Total Cost per Pound remains a leader in the domestic industry at $39.30, including a Cash Cost per Pound of $32.40, across 276,516 pounds. Received Regulatory Approval for Expanded Production at Christensen Ranch: Three new header houses in Wellfield 11 began production towards the end of the quarter. Five additional header houses are under construction and one additional header house is complete, awaiting regulatory approval. Continued Production Ramp Up: Production rates are expected to increase in the fourth fiscal quarter with new header houses at Christensen Ranch and Burke Hollow operational for the full quarter. Advancing Towards Construction at the Ludeman Project: The 240-hole delineation drilling program was completed. Ludeman is planned to be the Company's third operating ISR uranium mine and designed to feed the Irigaray Central Processing Plant ("CPP"). Sweetwater Delineation Drill Program Completed: A 200-hole delineation drilling program in the first two planned wellfields at Sweetwater was completed. Roughrider Pre-Feasibility Progressing: Core drilling is over 80% complete to support a planned pre-feasibility study ("PFS") for the world class Roughrider Project located in the Athabasca Basin of Saskatchewan, Canada. United States Uranium Refining & Conversion Corp ("UR&C"): Achieved its first U.S. Nuclear Regulatory Commission ("NRC") licensing milestone with receipt of a Docket Number for its planned uranium conversion facility. Ongoing discussions with the U.S. Department of Energy ("DOE") regarding strategic nuclear fuel cycle infrastructure has led UR&C to broaden its site selection process. Additional candidate locations were added to ensure alignment with federal priorities to restore domestic uranium conversion capacity and strengthen America's nuclear fuel supply chain. This work has culminated in the identification of a final shortlist of candidate locations. Concurrently, work led by Fluor Corporation ("Fluor") is advancing into a new phase with the significant expansion of engineering and technical resources supporting facility design, siting, licensing and development. Critical Minerals Portfolio Update: A recently completed independent report concluded that UEC's Alto Paraná Titanium and Vanadium Project in Paraguay represents a globally significant critical minerals platform. The study determined the project has potential to materially contribute to the security and diversification of U.S. supply chains for titanium and vanadium. The report also reinforces the value of UEC's disciplined approach to identifying, acquiring and developing assets aligned with national security, advanced manufacturing and resilient critical minerals supply chains. The report was conducted by TZ Minerals International PTY LTD ("TZMI"), a global leader in titanium and critical minerals market intelligence, which evaluated the project and its positioning within the U.S. critical materials framework. Fiscal Q3 2026 Financial Highlights:
Robust Balance Sheet: $794 million in liquid assets(1), including cash of $488 million, with no debt. Strategic Inventory Position in a Tightening Market: 1,456,000 pounds of U₃O₈ at April 30, 2026, valued at $127 million at market prices(1), excluding 276,516 pounds of precipitated uranium and dried and drummed U3O8 at the Irigaray CPP. The Company maintained its uranium inventory during the quarter, preserving pricing optionality and full exposure to uranium prices through its 100% unhedged strategy. U.S. Uranium Policy Developments:
Department of Energy Initiative – Nuclear Dominance "3 by 33" Campaign: On April 23, 2026, the DOE, through its Office of Nuclear Energy and the Defense Production Act ("DPA") Nuclear Fuel Cycle Consortium, launched the "Nuclear Dominance — 3 by 33" campaign to secure the United States' nuclear fuel supply chain and support future reactor deployment. The campaign is structured around three core objectives to be achieved by 2033: (1) catalyzing a secure and cost-competitive domestic nuclear fuel supply chain across all stages, including mining and milling, conversion, enrichment and recycling; (2) accelerating advanced reactor deployment while progressing toward a closed fuel cycle; and (3) leveraging the DPA framework to align workforce development, financing, innovation and industry collaboration in support of a nuclear buildout. This initiative represents a coordinated federal-industry effort to address critical gaps across the nuclear fuel cycle and reduce reliance on foreign sources, while enabling the long-term expansion of U.S. nuclear energy capacity.
, /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce that it has filed its Quarterly Report on Form 10-Q for the quarter ended April 30, 2026.
Amir Adnani, President and CEO, stated:
"During the quarter, we achieved a series of defining milestones that reflect both the strength of our execution along with the depth and scale of our asset base. We commenced production at Burke Hollow, America's largest greenfield ISR project to enter production in more than a decade. This marked a major step forward for UEC in expanding domestic uranium supply.
At Christensen Ranch, we began production from new header houses while continuing to build additional capacity, reinforcing our phased approach to disciplined growth. At the same time, we continued to advance Ludeman, our next planned ISR uranium operation, completing delineation drilling and engineering work.
Financially, we remain exceptionally well positioned with a strong balance sheet, significant liquidity, no debt and a growing inventory base that supports our ability to execute our business strategy. This balance sheet, combined with our unique unhedged strategy, provides the flexibility to be selective in the execution of sales, as demonstrated in this third quarter where we preserved our inventory.
Importantly, these achievements come amid a broader national shift, highlighted by the DOE's 'Nuclear Dominance - 3 by 33' initiative, which underscores the urgency of rebuilding a secure, domestic fuel supply chain. We are proud to be contributing to this mission by advancing the largest U.S. uranium resource base and addressing the acute bottleneck in conversion through UR&C. These efforts are building the foundation for a strong, domestic nuclear fuel cycle in America."
Powder River Basin, Wyoming, Hub-and-Spoke ISR Operations
Hub: Irigaray CPP; Spokes: Christensen Ranch and Ludeman
As of April 30, 2026, total cumulative production from Christensen Ranch was approximately 277,000 pounds of precipitated uranium and dried and drummed U3O8 at the Irigaray CPP at a Total Cost per Pound of $39.30, including a Cash Cost per Pound of $32.40.
In the third fiscal quarter, 32,195 pounds of uranium were produced at Christensen Ranch at a Total Cost per Pound of $54.61, including a Cash Cost per Pound of $46.69. Total Cost per Pound increased from $44.14 in the prior quarter as a result of lower production due to timing of regulatory approvals for new header houses that started operating later in the quarter and an increase in State taxes. The latter stems from an increase in the industry factor used by the Wyoming Department of Revenue to value extracted uranium for severance and ad valorem tax purposes. Production‑Based Royalties, Ad Valorem and Severance Tax per Pound(2) increased from $6.67 in the second quarter to $8.11 in the third quarter of fiscal 2026 as a result of the increase in State taxes.
On March 23, 2026, the Company announced that it had secured State regulatory approval and commenced operating three additional header houses in Wellfield 11 at Christensen Ranch. Preconditioning of Wellfield 11 started thereafter, followed by carbon dioxide and oxygen injection to initiate the uranium recovery process. At the end of April, a small amount of uranium extracted from Wellfield 11 had reached the precipitation stage. As a result, preconditioning, leaching and precipitation costs were capitalized as production costs for the quarter, while the associated production volume from Wellfield 11 has yet to be fully reflected. This timing difference also contributed to the increase in Total Cost per Pound reported for the quarter.
With new header houses online for the full quarter, production is expected to increase in the fourth fiscal quarter, which is expected to lower Total Cost per Pound at Christensen Ranch.
The Company continued to develop new production areas at Christensen Ranch during the quarter. One header house in Wellfield 11 is complete and is awaiting regulatory approval. Five more header houses are under construction in Wellfields 12 and 10-extension. Additionally, baseline water quality sampling was completed in Wellfield 10-extension.
At Ludeman, UEC's third ISR project, the previously announced 240-hole delineation drill program was completed. This work will assist wellfield pattern design currently underway. Additionally, core samples were collected for subsequent laboratory testing.
Engineering work for the satellite ion-exchange plant progressed with the plant layout and pad design largely finalized and with fabrication of the ion-exchange vessels ahead of schedule. The engineering team continues to advance the remainder of the mechanical equipment specifications, which allows the Company to begin the procurement process for longer lead time equipment. Uranium captured on ion-exchange resin at the Ludeman satellite plant will be transported to the Company's Irigaray CPP, UEC's hub in the Powder River Basin, for stripping, precipitation, drying and packaging.
On April 8, 2026, the Company announced that it had received approval from the Texas Commission on Environmental Quality and commenced production at the Burke Hollow project in South Texas. In order to initiate the uranium recovery process, oxygen and carbon dioxide were injected into the wellfield and will provide initial feed to the ion-exchange plant. Burke Hollow is anticipated to contribute to production in the fiscal fourth quarter of 2026.
Burke Hollow's satellite ion-exchange plant, including columns, resin and water treatment systems with an overall capacity of 2,500 gallons per minute was commissioned in the fiscal third quarter.
Wellfield development continued in phase 1A. An additional 46 wells were completed and tested for mechanical integrity facilitating installation of pumps and related piping and infrastructure. The main trunkline, piping and valves have been installed and tested, as well as piping for oxygen delivery to the field.
Sweetwater, Wyoming, Hub-and-Spoke Development
At Sweetwater, another permitting milestone was achieved in the FAST-41 federal permitting process with the finalization of the Bureau of Land Management's ("BLM") completeness review of UEC's Plan of Operations for ISR operations. BLM's 30-day public comment period for the Plan of Operations began on March 16, 2026 and ended April 17, 2026. Comments will be evaluated during the National Environmental Policy Act process, which began in June 2026.
A 200-hole delineation drilling program in the first two planned wellfields at Sweetwater commenced in March and was completed in early May for the Sweetwater North area where wellfield pattern planning has commenced. A second 200-hole delineation drilling program is scheduled to begin in July 2026 where the third ISR wellfield at Sweetwater is planned.
The Company has commenced the assessment of refurbishment requirements for the Sweetwater Mill for both conventional and ISR operations. Ion-exchange vessels for the Sweetwater ISR circuit are under construction.
Roughrider Project, Saskatchewan
As part of the planned pre-feasibility study at the Roughrider Project, the Company has substantially completed a 35,000-meter conversion core drilling program. This included resource targets across the West Zone, East Zone and Far East Zone, aiming to convert inferred estimated resources into the indicated category at the Roughrider Project. 80% of the planned drilling has been completed to date.
UEC has engaged Tetra Tech Canada Inc. to provide lead technical services for the preparation of the PFS. Process flow diagrams, mass and water balance drawing and process equipment lists have been completed. Concurrently, UEC has provided an electrical load list and a transmission interconnection service request to SaskPower for a Definition Phase Agreement connecting high-voltage power to the Roughrider Project.
The Company continues to advance Roughrider through technical and environmental studies, community engagement and assessing opportunities to further de-risk the project. The processes of updating the environmental baseline work and Indigenous engagement supports a future Environmental Impact Assessment and licensing required for uranium production.
United States Uranium Refining & Conversion Corp (UR&C)
During the quarter, UEC announced that UR&C had received a Docket Number from the U.S. NRC for its planned uranium conversion facility. This step represents a significant milestone for UEC on its path to becoming the only American vertically integrated nuclear fuel supplier, from mining through conversion and supports the resiliency of the U.S. nuclear fuel supply chain.
The formal license application is expected to be submitted once engineering and design activities, currently underway with Fluor, are complete and a site has been selected.
Following ongoing discussions with the DOE regarding strategic nuclear fuel cycle infrastructure, UR&C broadened its site selection process to evaluate additional candidate locations and ensure alignment with federal priorities for restoring domestic uranium conversion capacity and strengthening America's nuclear fuel supply chain. This work has culminated in the identification of a final shortlist of candidate locations.
Concurrently, work led by Fluor is advancing into a new phase in their Greenville, South Carolina offices, with a significant expansion of engineering and technical resources supporting facility design, siting, licensing and development.
Alto Paraná Titanium and Vanadium Project, Paraguay
The Alto Paraná Project hosts a globally significant titanium resource. UEC commissioned TZMI to review the project's positioning within the U.S. critical materials framework. TZMI reviewed the potential opportunity and the previously disclosed resource estimate and initial assessment ("PEA") disclosed by the Company in November 2023(4).
In its recently completed report, TZMI identified the project's unique strategic fit, including being located in a U.S. aligned partner country, its access to clean, low-cost power and its ability to integrate into U.S. and allied downstream processing supply chains. It also highlighted that Alto Paraná presents an opportunity to directly address three structural vulnerabilities in U.S. critical minerals policy, being its current near-total reliance on imported titanium sponge feedstock, the high concentration of vanadium unit supply from a limited number of jurisdictions and the limited availability of large-scale, allied supply sources within the Western Hemisphere.
The PEA and this new report highlight the unique advantages of this world-class, large-scale ilmenite deposit, including its high grade, surface accessibility and low-cost, low-carbon advantages supported by proximity to hydroelectric power, enabling long-life production.
The PEA evaluated two development scenarios based on estimated indicated and inferred mineral resources. The first scenario yielded a net present value discounted at 8% ("NPV8") of $419 million with a 21% post-tax internal rate of return ("IRR") utilizing less than 0.2% of the regional resource per year. The second, larger-scale scenario set out a NPV8 of $1.55 billion with a 25% post-tax IRR utilizing less than 0.7% of the regional resource per year(3).
The project hosts an estimated inferred mineral resource of 3.58 billion tonnes at an average grade of approximately 7.3% TiO₂ and an estimated indicated mineral resource of 70 million tonnes at an average grade of approximately 7.6% TiO2(4).
For further information regarding the project, including the PEA and resource estimate, please refer to the technical report summary titled "Technical Report Summary – Initial Assessment: Alto Paraná titanium project" dated November 2023, included in the Company's Current Report on Form 8-K dated November 13, 2023 and available under its profile at www.sec.gov.
Conference Call Details
A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Tuesday, June 9, 2026, to discuss the Company's results, upcoming catalysts and current market conditions. To participate, please use one of the following methods:
Webinar: Click Here
North America (toll-free): 1-877-270-2148
International: 1-412-902-6510
An accompanying presentation will be available on UEC's website at www.uraniumenergy.com and a replay of the event will be available following the presentation.
For further information, please refer to the Company's Quarterly Report on Form 10-Q for the quarter ended April 30, 2026, which includes the Company's unaudited interim condensed consolidated financial statements and management's discussion and analysis, and is available on the Company's website at www.uraniumenergy.com and under its profile at www.sec.gov.
Notes:
As at April 30, 2026. Liquid assets consist of cash, equity securities, subscription receipts and uranium inventories. Does not include inventory in-process or dried and drummed concentrate at the Irigaray CPP. Market values for securities are based on applicable closing prices on April 30, 2026 and for uranium inventories are based on the spot price quoted from UxC at ConverDyn on such date. Total Cost per Pound, Cash Cost per Pound and Production‑Based Royalties, Ad Valorem and Severance Tax per Pound are not measures of financial performance under accounting principles generally accepted in the United States ("GAAP") and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. See "Non-GAAP Measures" below. The assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have modifying factors applied to them that would enable them to be categorized as mineral reserves and there is no certainty that this economic assessment will be realized. Reported grades are expressed as in-situ whole rock TiO2 grades. About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.
This news release includes reference to "Total Cost per Pound", "Cash Cost per Pound", "Non-Cash per Pound" and "Production‑Based Royalties, Ad Valorem and Severance Tax per Pound", which do not have standardized meanings under GAAP. We define: (i) Total Cost per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inventories on the consolidated balance sheets) for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period; (ii) Cash Cost per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inventories on the consolidated balance sheets), excluding depreciation, depletion and amortization, for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 in such period; (iii) Non-Cash Cost per Pound as the difference between Total Cost per Pound and Cash Cost per Pound; and (iv) Production‑Based Royalties, Ad Valorem and Severance Tax per Pound (a component of Cash Cost per Pound) as the production‑based royalties, ad valorem and severance tax accrued for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period. We believe that, in addition to conventional measures prepared in accordance with GAAP, certain investors and other stakeholders also use this information to evaluate our operating and financial performance. The use of these performance measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our definition of these measures may differ from other mining companies and therefore may not be comparable. These non-GAAP measures should be read in conjunction with our consolidated financial statements for the applicable periods.
(in thousands of dollars, except cost per pound)
Three
Months
Ended
April 30,
2026
Three
Month
Ended
January 31,
2026
Cumulative
Since
Beginning of
Fiscal 2025
Cash Production Costs
A
$ 1,242
$ 1,509
$ 7,166
Add
Production-Based Royalties
49
67
405
Ad Valorem and Severance Tax
212
238
1,388
Total Production-Based Royalties and Taxes
B
261
305
1,793
Total Cash Costs
C=A+B
$ 1,503
$ 1,814
$ 8,959
Add
Depreciation, depletion and amortization
255
205
1,907
Total Non-Cash Costs
D
$ 255
$ 205
$ 1,907
Total Costs
E=C+D
$ 1,758
$ 2,019
$ 10,866
Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds)
F
32,195
45,743
276,516
Cash Production Costs per Pound
G=A/F
$ 38.58
$ 32.99
$ 25.92
Production-Based Royalties, Ad Valorem and Severance Tax per Pound
H=B/F
8.11
6.67
6.48
Total Cash Cost per Pound
$ 46.69
$ 39.66
$ 32.40
Total Non-Cash Cost per Pound
I=D/F
7.92
4.48
6.90
Total Cost per Pound
J=G+H+I
$ 54.61
$ 44.14
$ 39.30
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential." Forward-looking statements in this news release include, without limitation, statements regarding: the Company's expectations for its projects, including future work programs, regulatory approvals and planned development activities, expectations regarding the Alto Paraná Project, expectations regarding uranium markets and demand, the proposed PFS at Roughrider, the impacts of governmental initiatives and the Company's plans and goals respecting UR&C and the proposed development of refining and conversion capabilities. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which could cause actual results to differ materially. These risks and uncertainties may include, among others: proposed exploration and development activities may not produce anticipated results; variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of necessary capital, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations; any deterioration in political support for nuclear energy or uranium mining; changes in government regulations and policies; changes in demand for nuclear power; any failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and the other risk factors set forth in the Company's most recent annual report on Form 10-K and its other filings with the Securities and Exchange Commission, available under its profile at www.sec.gov. Many of these factors are beyond the Company's ability to control or predict. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Any forward-looking statement speaks only as of the date on which it's made and the Company does not undertake any obligation to release publicly revisions to any forward-looking statement, to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement.
Uranium Energy Corp. (AMEX:UEC) shares are trading lower Tuesday after the company reported third-quarter financial results today before the market opened.
Uranium Energy stock is among today’s weakest performers. What’s pressuring UEC stock? Q3 HighlightsUranium Energy reported a loss of 11 cents per share, down from a loss of 7 cents per share year-over-year.
Uranium Energy ended the quarter with $794 million in liquid assets, including $488 million in cash, and no debt. The company held 1,456,000 pounds of uranium inventory valued at $127 million at market prices, maintaining its 100% unhedged strategy to preserve pricing optionality in a tightening market.
The company also received a docket number from the U.S. Nuclear Regulatory Commission for its planned uranium conversion facility — a key milestone on its path to becoming America’s only vertically integrated nuclear fuel supplier from mining through conversion.
“During the quarter, we achieved a series of defining milestones that reflect both the strength of our execution along with the depth and scale of our asset base,” said Amir Adnani, President and CEO.
Uranium Energy Shares Edge LowerUEC Price Action: At the time of publication, Uranium Energy shares are trading 1.59% lower at $12.41, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
Market News and Data brought to you by Benzinga APIs
Uranium Energy (UEC +5.60%) stock tumbled 12.4% through 11:20 a.m. Tuesday, after reporting worse-than-expected losses in its Q3 earnings report.
Heading into earnings day, analysts weren't optimistic, forecasting Uranium Energy to lose $0.03 per share. When the news arrived, it turned out the uranium mining stock had lost $0.11 per share instead.
Image source: Getty Images.
Uranium Energy Q3 earnings Uranium Energy is incurring costs to produce uranium but generating precious little revenue from selling it. Total sales over the past year amount to barely $20 million (for a company worth $6.2 billion, that's not a lot), and Uranium Energy didn't cite any actual revenue in Q3.
What the company did report was that two of its three U.S. production platforms are now operational, including the one at Burke Hollow, "America's largest greenfield ISR uranium project." And Uranium Energy says it produced 32,195 pounds of uranium concentrate in the quarter, at a total cost of $54.61 per pound and a cash cost of $46.69 per pound, with production expected to increase in Q4.
Today's Change
(
5.60
%) $
0.59
Current Price
$
11.22
What's next for Uranium Energy stock Now Uranium Energy just needs to sell the uranium it's amassed. The company currently holds a stockpile of 1,456,000 pounds of uranium oxide, valued at $127 million "at market prices." With none of its uranium "hedged" (contracted to sell at long-term prices), Uranium Energy has the ability to sell whenever it thinks it can get the best price on the spot market.
When will it do so? That's hard to say. Currently, spot prices of $84.25 per pound are actually below long-term hedged contract price of $94 per pound. In a situation like this, it makes sense for Uranium Energy to bide its time.
That doesn't mean investors will be happy with the waiting, however.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
AI's Power Crunch Is Putting Uranium Energy Back on Investors' WatchlistsUranium Energy NYSEAMERICAN: UEC said on its latest earnings call that it advanced several parts of its U.S. uranium production platform during the quarter, including the start of production at Burke Hollow in South Texas and continued development at Christensen Ranch in Wyoming.
Founder and Chief Executive Officer Amir Adnani characterized the quarter as a milestone period in the company’s effort to build what he called “America’s first and only vertically integrated uranium company,” spanning mining, processing, refining and conversion. He said Burke Hollow’s start-up was the largest greenfield in-situ recovery uranium project to enter production in the U.S. in more than a decade.
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3 Overlooked Nuclear Fuel Supply Chain WinnersAdnani said Burke Hollow was discovered in 2012 and reached production in 2026, underscoring what he described as the scarcity and strategic value of permitted uranium mines. “It took 14 years to bring a new uranium mine online,” he said.
Production Ramp Meets Timing Pressures During the third fiscal quarter, Uranium Energy produced 32,000 pounds of uranium concentrate at a total cost of $54.61 per pound, including a cash cost of $46.69 per pound. Adnani said costs rose during the quarter largely because regulatory approvals for new header houses arrived later than expected, while related costs were incurred before production volumes increased.
Uranium Energy’s Bull Case Is Starting to Look RealSince commissioning, the company has produced approximately 276,000 pounds at a total cost of $39.30 per pound, including a cash cost of $32.40 per pound, according to Adnani. He said that figure remains “a leader in the domestic industry.”
At Christensen Ranch, the company received regulatory approval at the end of March for expanded production through three additional header houses. Adnani said Uranium Energy expects higher production rates in the fiscal fourth quarter as those areas contribute. The company also has five additional header houses under construction and one completed header house awaiting regulatory approval.
In response to analyst questions about costs, Chief Financial Officer Josephine Man said a large portion of operating costs are fixed, making unit costs sensitive to production volumes. She said production from new well fields at Christensen Ranch and Burke Hollow should lead to lower costs per pound in coming quarters, though the company did not provide a specific cost target.
Burke Hollow and Other Project Updates Uranium Energy said Burke Hollow began production on April 8, 2026. Adnani said oxygen and carbon dioxide were injected into the well field to initiate uranium recovery, while the satellite ion exchange plant was commissioned and development continued in Phase 1A. The company expects Burke Hollow production to be reflected in fiscal fourth-quarter results.
In Wyoming, Adnani said the company completed a 240-hole delineation drilling program at Ludeman, its next planned ISR operation. Engineering work for the satellite ion exchange plant progressed, with plant layout and pad design largely finalized and ion exchange vessel fabrication ahead of schedule.
At Sweetwater, Uranium Energy’s third hub-and-spoke production platform, the company completed a 200-hole delineation drilling program in the first two planned well fields. A second 200-hole program is scheduled to begin in July 2026 in the area planned for the third ISR well field. Adnani said ion exchange vessels for the Sweetwater ISR circuit are under construction.
In Saskatchewan, Canada, Uranium Energy continued work at Roughrider, which Adnani described as one of the highest-grade undeveloped uranium projects in the world. More than 80% of a planned 35,000-meter drilling program has been completed to support a pre-feasibility study. In the question-and-answer session, Adnani said the company is estimating completion of the Roughrider pre-feasibility study toward the end of the calendar year.
Balance Sheet and Sales Strategy Adnani said Uranium Energy ended the quarter with $794 million in liquid assets, including $488 million in cash, uranium inventory and equities, with no debt. As of April 30, 2026, the company held 1.4 million pounds of U3O8 valued at approximately $127 million at current market prices, excluding approximately 277,000 pounds of precipitated uranium and dried and drummed U3O8 held at the Irigaray Central Processing Plant.
The company did not sell uranium during the quarter. Adnani said that decision reflected Uranium Energy’s “100% unhedged strategy,” allowing it to be selective about sales timing. He said the company preserved inventory amid what he described as weakness and flat movement in uranium prices during the period.
Analysts also asked about volatility in the company’s equity holdings. Adnani said the equity book is strategically positioned in uranium-sector names but creates quarterly mark-to-market volatility. Man said about $90 million was attributed to changes in the fair market value of equity securities during the quarter and said adjusted EBITDA reconciliation may help investors better understand operating results going forward.
Conversion Initiative and Policy Backdrop Uranium Energy also highlighted progress at United States Uranium Refining and Conversion Corp., or UR&C, its wholly owned subsidiary focused on uranium refining and conversion. Adnani said uranium conversion remains an acute bottleneck in the Western nuclear fuel cycle, with insufficient commercial UF6 capacity outside Russia and China.
During the quarter, UR&C received a docket number from the U.S. Nuclear Regulatory Commission, which Adnani described as the company’s first NRC licensing milestone. He said discussions with the U.S. Department of Energy led the company to add candidate locations to align with federal priorities, and that Uranium Energy has now developed a final shortlist of potential locations.
Adnani said engineering work led by Fluor has expanded into a new phase supporting facility design, siting, licensing and development. In response to a question from National Bank Capital Markets analyst Kristian Koschany, Adnani said the next phase of study, expected to support a Class 4 cost estimate, should be a first-half 2027 event.
The company also pointed to the U.S. Department of Energy’s “Nuclear Dominance 3 x ’33” campaign, which Adnani said is aimed at securing the domestic nuclear fuel supply chain, accelerating advanced reactor deployment and using the Defense Production Act framework to support workforce development, financing innovation and industry collaboration.
Critical Minerals Portfolio Adnani also discussed Uranium Energy’s critical minerals assets, including Alto Parana in Paraguay and the West Bear cobalt-nickel project in Canada. He said a recently completed independent report concluded that Alto Parana represents a globally significant critical minerals platform with potential to contribute to U.S. supply chain diversification for titanium and vanadium.
Adnani said the project’s attributes include its location in a U.S.-aligned partner country, access to clean and low-cost power, and potential integration into U.S. and allied downstream processing supply chains. He said the company views its critical minerals portfolio as embedded value that it will seek to unlock through ongoing initiatives.
In closing, Adnani said the company believes it is positioned for the next phase of uranium market growth through its resource base, production infrastructure and planned expansion across the nuclear fuel cycle.
About Uranium Energy NYSEAMERICAN: UECUranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company's core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy's approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.
The company's primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.
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Should You Invest $1,000 in Uranium Energy Right Now?Before you consider Uranium Energy, you'll want to hear this.
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Uranium Energy Corp. delivered a weak Q3 with zero revenue, low production, and elevated costs, but I maintain a Buy rating. UEC's $794 million liquidity, no debt, and 1.46 million pounds of U₃O₈ inventory provide strategic flexibility and downside protection. UEC remains fully unhedged, offering leveraged optionality to uranium price movements and the U.S. nuclear fuel chain rebuild.
On June 09, 2026, Uranium Energy Corp (UEC) shares fell 15.5% today, currently trading at $10.65. The stock has seen a significant decline over the past month,
This is a fair market value price provided by Massive. Learn more.
52-Week Range$5.90▼
$20.34Price Target$17.41
Uranium Energy Corp’s NYSEAMERICAN: UEC stock price melted down following its latest earnings release, sending shares down by more than 15%. The move is ugly and sets the market up for further decline, but the downside is limited at this point.
Near-term headwinds that do not affect the long-term opportunity; UEC is a long-term play. Uranium is a hot commodity, but one that won’t see substantial demand increases for at least another year. Then, nuclear operators such as start-up Oklo NASDAQ: OKLO and established utilities like Constellation Energy Group NASDAQ: CEG will start deploying new nuclear projects, opening the floodgates to rapid proliferation of nuclear power and demand for uranium-based fuel.
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Risks Priced In—UEC Stock Falls to Buy ZoneInstitutional activity is one of the reasons downside looks limited this summer. The group owns more than 60% of the stock and has been accumulating over the trailing 12 months. Activity slowed as price action reached peaks in Q1 and Q2 2026, but is likely to increase in late Q2, given the discount on offer. At $10.50, UEC shares are approximately 50% off their highs and trading at levels where institutional accumulation has been robust in the past.
The chart action suggests a trigger point has been reached, as the post-release drop put the market near a critical target that aligns with a prior rebound. The likely outcome is that price action tests this level, potentially exceeding it at some point before buyers step in, leading to a rebound later this year. Other signs of strong support near $10 include divergences in stochastic and MACD, which reveal inherent market strength despite the price drop.
Analyst sentiment reinforces the idea of strong support near $10. While coverage is tepid with only nine analysts tracked, it's sufficient to give some confidence in the Moderate Buy rating. The group bias is bullish, with 78% rating the stock as a Buy, and the price targets are suggestive. The low end of the range is $10.50, above the critical support target, and consensus is $17.65, nearly 70% upside from that target. The takeaway is that the UEC’s market is overreacting to the latest earnings release, creating a value opportunity that institutions are likely to seize.
UEC: A Long-Term Play on Uranium and Vertical IntegrationUEC’s play is two-fold, based on spot uranium prices and vertical integration. The idea is holding onto resources as they’re produced, waiting for spot prices to increase or for its vertical integration strategy to enter the endgame. As it stands, the company is operational with over $127 million in mineral assets.
Production recently commenced at the Burke Hollow mine, the company’s long-term growth driver. It is the United States' largest greenfield mine and part of an existing hub-and-spoke framework. Resources channel from it and other local mine sites to a processing plant where raw uranium is turned into yellowcake. Yellowcake is an easily transportable precursor for uranium processing, destined for fuel rods and other applications. Burke Hollow Resources are estimated at $950 million in-ground and up to $2 billion when fully processed.
UEC’s vertical integration is also progressing. While still in its early phases, a subsidiary is advancing plans to build a conversion facility to produce uranium hexafluoride. Uranium hexafluoride is the primary feedstock for final enrichment. The plan is to end integration at this point, focusing on core strengths rather than costly enrichment facilities.
Balance Sheet Strength Carries the DayWhile UEC remains a pre-revenue company, it is in little danger of failure. The balance sheet is rock solid, with nearly $500 million in cash and $800 million in liquidity, sufficient to fund operations as planned. Other details include zero debt and a growing uranium pile that can be liquidated if needed. In this scenario, all Uranium Energy Corp needs to do is continue executing strategy. That includes a 100% unhedged uranium position, aiming to capitalize on price increases. Hovering in the $80 to $100 range today, spot uranium price is expected to increase by 50% as soon as by the decade's end.
The company’s biggest risk is ramping production, but that appears to be going smoothly. New mines and expanded production are funneling into existing processing plants, helping reduce execution risk and keep costs low. Low cost is another critical factor, as UEC sustains margins well below 50% and expects to lower them as production increases. Catalysts include a property in Paraguay deemed globally significant for its titanium and vanadium reserves, valued at up to $1.5 billion. Also in the early phases, initial project plans are underway, but there is no official timeline for operational start.
Should You Invest $1,000 in Uranium Energy Right Now?Before you consider Uranium Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uranium Energy wasn't on the list.
While Uranium Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
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Key Takeaways Uranium Energy posted an adjusted loss of 7 cents per share in Q3'26, missing estimates.UEC reported no sales, focusing on uranium inventory optionality and its ISR production ramp.UEC's operating costs jumped 73.8% y/y, widening its operating loss to $40.8 million. Uranium Energy Corp. (UEC - Free Report) ended the third quarter of fiscal 2026 with an adjusted loss of 7 cents per share, excluding the impacts of non-recurring items, compared with the year-ago quarter’s loss of 6 cents. The figure was wider than the Zacks Consensus Estimate of a loss of 5 cents. Including non-recurring items, the company posted a loss of 11 cents in the quarter.
UEC’s earnings miss largely mirrored a heavier cost structure as the company advanced multiple initiatives at once, from mine development to the buildout of its broader U.S. fuel-cycle ambitions.
Uranium Energy reported no sales in the third quarter of fiscal 2026 as the company did not record any purchased-uranium inventory sales in the period.
Instead, UEC stayed focused on building optionality around its uranium inventory and in-situ recovery (“ISR”) ramp. As of April 30, 2026, the company held 1,456,000 pounds of purchased uranium concentrate inventory and highlighted a 1.46-million-pound U3O8 inventory position, alongside a strategy that keeps it 100% unhedged to uranium prices.
Uranium Energy’s Operating Spend Pressures ResultsTotal operating costs rose 73.8% year over year to $40.8 million, driven primarily by mineral property expenditure of $29.5 million (up 88.4% from $15.7 million). General and administrative expenses were $9.43 million compared with $6.38 million, while depreciation, amortization and accretion totaled $1.82 million compared with $1.41 million.
As a result, Uranium Energy posted an operating loss of $40.8 million, wider than the $23.5-million operating loss incurred in the year-ago quarter.
UEC Scales ISR Output With Burke Hollow OnlineOperationally, Uranium Energy reached a milestone by commencing production at its Burke Hollow IRS project, a greenfield ISR asset that is moving from development into early production activities.
At Burke Hollow, the company said that the uranium recovery process was initiated with oxygen and carbon dioxide injection, and it commissioned a satellite ion-exchange plant with 2,500 gallons per minute of capacity. It also completed and tested an additional 46 wells in phase 1A as it built out field infrastructure.
UEC has also been positioning for higher production rates in the fiscal fourth quarter, with new header houses and Burke Hollow expected to operate for a full quarter.
Uranium Energy’s Cash Position at Q3 EndUEC exited the quarter with $794 million in liquid assets and no debt, underscoring a balance sheet positioned to fund development across multiple hubs.
Cash and cash equivalents totaled $488 million at April 30, 2026, compared with $149 million at the end of July 31, 2025.
In the first nine months of fiscal 2026, net cash used in operating activities was $90 million, while net proceeds from share issuances totaled $508.20 million, illustrating how equity financing continues to support expansion plans.
UEC Stock’s Price Performance & Zacks RankUranium Energy’s shares have surged 72% in the past year compared with the industry’s 46.5% growth.
Image Source: Zacks Investment Research
UEC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Uranium Energy’s Peer PerformanceEnergy Fuels (UUUU - Free Report) incurred a loss of 4 cents per share in the first quarter of 2026, which was wider than the Zacks Consensus Estimate of a loss of 3 cents. Energy Fuels had reported a loss of 13 cents in the year-ago quarter.
Energy Fuels’ revenues increased a whopping 111% year over year to $36 million. The top-line beat of the Zacks Consensus Estimate of $33 million.
Stocks to ConsiderSome better-ranked stocks from the basic materials space are Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . ALB sports a Zacks Rank #1 at present and ASM carries a Zacks Rank 2 (Buy).
Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have soared 181% so far this year.
Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have surged 90.5% in a year.
Stocks are swimming in red ink today, with the Dow Jones Industrial Average (DJI) down 549 points after President Donald Trump hinted at potential action against Iran. Oil prices moved higher on the news, with West Texas Intermediate (WTI) crude last seen up 1.3%, while semiconductor stocks continued to slide.
Meanwhile, inflation data released this morning showed the consumer price index (CPI) rising 4.2% in May, marking its largest increase in three years and matching economists' expectations. Core CPI climbed 2.9% from a year ago, also in line with estimates.
Continue reading for more on today's market, including:
Behind Super Micro Computer stock's plummet. CAVA Group stock extends rebound on UBS upgrade. Plus, options traders target MMM; INCY pops on acquisition; and UEC extends losses.
Options traders are targeting blue-chip stock 3M (NYSE:MMM) today. So far, 9,019 calls and 15,000 puts have been exchanged, which is already 2.3 times the options volume 3M typically sees in an entire session. The weekly 6/12 157.50-strike put is the most popular, followed by the 152.50-strike put, with new positions opening at both. MMM was up 3.1% at $161.22 at last glance, hitting its highest levels since early March as it heads for a fifth-straight gain.
Incyte Corp (NASDAQ:INCY) was last seen up 3.1% at $106.41, after news broke that the pharmaceutical name is acquiring Vega Therapeutics for $1.25 billion upfront. Plus, ahead of this news, H.C. Wainwright yesterday lifted its price target to $140 from $130. Familiar pressure at the $110 region could keep a cap on gains, a level of resistance in 2020, late 2025, and earlier this year.
One of the worst stocks on the New York Stock Exchange (NYSE) today, Uranium Energy Corp. (NYSE:UEC) is down 6.9% at $9.92, extending yesterday's 15.5% slide after a wider-than-expected fiscal third-quarter loss. On track for its fourth-straight loss, UEC is now trading at its lowest level since August.
Uranium Energy (UEC +5.60%) is facing a sharp sell-off, with shares plunging another 8.7% today as of 11:15 a.m. ET Wednesday. The uranium stock has now lost over 23% value just this week, as of this writing.
Uranium Energy generated zero revenue last quarter, compelling at least one analyst to reduce the stock's price target. But is there something more to the story than meets the eye? Could this be a deliberate management strategy to not sell anything?
Image source: Getty Images.
The numbers driving Uranium Energy stock lower After posting $20 million in revenue in the second quarter and preparing to kick off production at its freshly completed in-situ recovery Burke Hollow mine, Uranium Energy shocked investors by reporting zero revenue for Q3. The bottom lines just as rough, with the mining company posting a loss of $0.11 per share against analysts' estimates of $0.03 per share.
Here's what the headlines didn't tell you.
Uranium Energy generates revenue by selling uranium. While it continued to ramp up mining at its Christensen Ranch mine in Wyoming and began extraction at the new Burke Hollow mine in April 2026, it didn't sell any uranium in Q3.
That's not necessarily a bad thing.
Uranium Energy has accumulated a massive stockpile of nearly 1.5 million pounds of uranium compound through spot market purchases, valued at $127 million as of April 30. Management, however, chose to retain the inventory and remain unhedged so it can sell all of that uranium later at higher prices.
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So while investors only saw zero revenue and higher costs and losses, they overlooked the fact that sales were intentionally deferred as uranium prices softened in recent weeks. Uranium hit its lowest in nearly two months and is down more than 15% from its early 2026 highs.
Costs, of course, are bound to rise if you're just producing but not selling anything. However, I see nothing wrong with a company biding its time to sell inventory at higher prices even if that means a quarter or two of big losses.
What should you do with the uranium stock now? While analysts from H.C. Wainwright have reiterated their price target of $26.75 on the uranium stock, analysts from Goldman Sachs cut their price objective from $18 per share to $16 a share after earnings. With Uranium Energy stock now falling below $10 per share, as of this writing, those price targets still mean significant upside potential.
Uranium Energy focused entirely on ramping up its operations last quarter, ending Q3 in an incredibly strong financial position with $488 million in cash and zero debt. That's an enviable balance sheet for any commodity company.
If it decides to sell a portion of its uranium stockpile in the ongoing quarter, then the next earnings report could look much better. However, long-term investors must keep a crucial reality in mind: Uranium Energy is still in the development and exploration stage as a miner, and any near-term revenue it generates comes from the sale of purchased uranium, not from its core mining business.
