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 Oct 01, 2024 6:19am

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Post# 36247793

Yee-Haw!🤠🐂 TradeTech's September month-end Spot ❓

John Quakes

@quakes99 -

Yee-Haw! TradeTech's September month-end Spot #Uranium & #Nuclear fuel prices are all UP continuing to signal incoming #U3O8 demand that will push prices even higher!

#U3O8 UP +$3.25 to $82.25/lb

UF6 UP +$13 to $275/kgU

Conversion UP +$3.00 to new all-time record high of $71/kgU

enrichment UP +$4 to new all-time record high of $180/SWU

TradeTech's September month-end Long-term prices:

LT #U3O8 still at a 16-year high of $82

LT Conversion Up +$1 to new all-time record high of $46

LT enrichment still at all-time high of $176/SWU

The market prices for enrichment SWU & Conversion are leading indicators for where the price of mined #U3O8 is heading!

Remember!#Nuclear utilities normally sign contracts for the manufacture of #Uranium fuel starting with Fuel Assemblies then working backwards thru enrichment SWU, Conversion then finally mined #U3O8 needed to feed the whole cycle as the last domino to fall in the contracts signing chain.

Rising SWU & Conversion prices to all-time industry highs continue to signal increased demand for converted #UF6 which adds more incoming demand for mined #U3O8 feed to drive #U3O8 prices higher.

Record high prices across the Nuclear fuel cycle continue to signal rising demand and upward price pressure for mined #U3O8 for years to come.

Bottom line: We're still in the early days of an unfolding long-term uranium bull run.