Uranium Energy Corp UEC

Energy

Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects. Additionally, it has diversified uranium holdings, including uranium portfolios of North American warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. The Texas Hub and Spoke Project includes Hobson Central Processing Plant (CPP), Burke Hollow, Goliad, Palangana, and Salvo. The Wyoming Asset Hub and Spoke In-Situ Recovery Project includes Christensen Ranch and Irigaray (Willow Creek), Moore Ranch, Ludeman, Allemand-Ross, and others. It also owns projects, including Henday Lake, Carswell, and Milliken.

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Uranium Energy Corp

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Post by mangoeon Aug 02, 2024 12:03pm

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Post# 36161071

#Uranium #stocks are getting whacked again this morning🩸🗡️

John Quakes

@quakes99 -

#Uranium #stocks are getting whacked again this morning as more US economic data adds to recession fears in a deepening #Canada/US broad markets meltdown. BUT, so you know, recessions don't affect Uranium demand. #Nuclear reactors must keep running 24/7, consuming #U3O8 to power economies thru a recession, and construction of new reactors continues unabated to add even more fuel demand.

However, Uranium stocks are part of the #energy & #mining sectors, which are usually badly hurt by recessions that lead to falling demand, so even tho Uranium isn't affected by recessions it gets whacked by the overall selloff in energy & mining stocks as major investors & institutions sell energy & mining related funds and ETF's.

There's still a structural Uranium supply deficit that will continue to deepen, recession or not. This selloff is a gift to those with dry powder who understand the Uranium investing thesis.