Uranium Energy Corp UEC

Metals & Mining Industrial Metals & Minerals

Uranium Energy Corp. is a uranium mining company. It advances its In-Situ Recovery (ISR) mining uranium projects in the United States and 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 Sweetwater Plant, Red Desert Uranium Project and Green Mountain Uranium Project.

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Uranium Energy Corp

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Post by mangoeon Dec 21, 2024 4:13pm

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Post# 36373785

#Canada/US #Uranium #mining #stocks 🙏🏾🙏🏾

John Quakes

@quakes99 -

On Friday U may have noticed massive closing volumes for major #Uranium producer/developers and some big gains by small cap names as

@Sprott

rebalanced the holdings in its Junior Uranium Miners ETF $URNJ Funds & investment firms were grabbing huge blocks of major names being sold by $URNJ at deep discount prices in order for $URNJ to raise cash to buy up small cap names being added & re-weighted higher in $URNJ. Selection of U stocks for inclusion, and their assigned weightings, was done based on their market caps on the last trading day of November.

Since then the year-end pullback had significantly changed the relative weightings of $URNJ's holdings, especially the small cap names, so Sprott had to make a lot of major adjustments on Friday to get back to those November weightings, which delivered high volume volatility.

Here are some samples... volumes for majors, gains for small cap names. Cheers!