Uranium Energy Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

(State or other jurisdiction of

incorporation)

(Commission File Number)

(IRS Employer Identification

No.)

500 North Shoreline, Ste. 800,
Corpus Christi, Texas, U.S.A.

(U.S. corporate headquarters)

(Zip Code)

1830 – 1188 West Georgia Street
Vancouver, British Columbia, Canada

(Canadian corporate headquarters)

(Zip Code)

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class

Trading Symbol (s)

Name of each exchange on which registered

NYSE American

 

Achieved a major production milestone with the successful processing, drying and drumming of uranium concentrates, advancing the phased ramp-up of operations at both the Irigaray Central Processing Plant (“CPP”) and the Christensen Ranch In-Situ Recovery (“ISR”) Mine in Wyoming’s Powder River Basin.

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Buildout of new production areas continued at the Christensen Ranch ISR Mine and are expected to be operational in the coming weeks as planned.

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Strengthened UEC’s position as the largest licensed uranium producer in the U.S. with the closing of the Rio Tinto America Inc.’s Sweetwater Plant acquisition in Wyoming, adding 4.1 million pounds U₃O₈ per year of licensed capacity and 175 million pounds of historic resources⁽¹⁾, establishing the Company’s third hub-and-spoke ISR production platform.

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Advanced Construction at Burke Hollow ISR Mine in South Texas with development of the initial planned production area. Key infrastructure development, including the satellite ion exchange plant foundation and long-lead equipment orders, are progressing on schedule.

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Completed an Initial Economic Assessment⁽²⁾ for the Roughrider Project showing an estimated $946 million Post-Tax NPV, 40% IRR, a 1.4-year payback and an all-in sustaining cost (AISC) of $20.48 per lb U₃O₈, ranking Roughrider in the lowest 15% of production costs among projects⁽³⁾ globally at various stages.

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Second Quarter Revenue of $49.8 million on sales of 600,000 pounds of U₃O₈ at $82.92 per pound from our physical portfolio, generating a gross profit of $18.2 million in the second quarter.

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Inventory totals 1,356,000 pounds of U₃O₈valued at $97.3 million at market prices⁽⁴⁾. UEC's U.S. warehoused physical uranium program will be further expanded with an additional 300,000 pounds to be purchased under existing contracts in December 2025 at $37.05 per pound, providing a low-cost stream of physical uranium at a time of heightened geopolitical uncertainty.

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Over $214 million of liquid assets (cash, equities and inventory at market prices⁽⁴⁾), and zero debt.

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Achieved a major production milestone with the successful processing, drying and drumming of uranium concentrates, advancing the phased ramp-up of operations at both the Irigaray Central Processing Plant (“CPP”) and the Christensen Ranch In-Situ Recovery (“ISR”) Mine in Wyoming’s Powder River Basin.

●

Buildout of new production areas continued at the Christensen Ranch ISR Mine with delivery of fresh uranium feed to the satellite ion exchange plant as it approaches online operation in the coming weeks as planned.

●

Strengthened UEC’s position as the largest licensed uranium producer in the U.S. with the closing of the Rio Tinto America Inc.’s Sweetwater Plant acquisition in Wyoming, adding 4.1 million pounds U₃O₈ per year of licensed capacity and 175 million pounds of historic resources⁽¹⁾, establishing the Company’s third hub-and-spoke ISR production platform.

●

Accelerated Construction at Burke Hollow ISR Mine in South Texas with development of the initial planned production area. Key infrastructure advances, including satellite ion exchange plant foundation and long-lead equipment orders, are progressing on schedule.

●

Completed an Initial Economic Assessment⁽²⁾ for the Roughrider Project showing a $946 million Post-Tax NPV, 40% IRR, a 1.4-year payback and an AISC of $20.48 per lb U₃O₈, ranking Roughrider in the lowest 15% of production costs among development-stage projects⁽³⁾.

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Sold 600,000 pounds of U₃O₈ at $82.92 per pound from our physical portfolio, generating a gross profit of $18.2 million in the second quarter.

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Inventory totals 1,356,000 pounds of U₃O₈valued at $97.3 million at market prices⁽⁴⁾. UEC's U.S. warehoused physical uranium program will be further expanded with an additional 300,000 pounds to be purchased under contract for delivery in December 2025 at $37.05 per pound, providing a low-cost stream of physical uranium at a time of heightened geopolitical uncertainty.

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Over $214 million of liquid assets (cash, equities and inventory at market prices⁽⁴⁾), and zero debt.

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Estimated post-tax NPV of $946 million, utilizing an IRR of 40%, a post-tax payback period of 1.4 years, based on a long-term uranium price of $85/pound U₃O_8, and utilizing an 8% discount rate.

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Expected Life of Mine (“LOM”) production of 61.2 million pounds U₃O₈ produced over nine years with an average annual production rate of 6.8 million pounds U₃O₈. Initial capex is estimated at $545 million including mill and underground mine.

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AISC of $20.48/pound U₃O₈.

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An industry leader, ranking in the lowest 15% of production costs among projects⁽³⁾ globally at various stages.

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Average Annual LOM earnings before interest, taxes, depreciation and amortization of $395 million.

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The Roughrider Project is in the well-established infrastructure of eastern Athabasca Basin, with an adjacent high-voltage 138 kV transmission line, hydroelectric power generation, 7 km north of the commercial airport at Points North Landing, and a highway system.

(1)

Based upon internal studies and other historic data prepared by prior owners regarding the projects and dated between 1984 and 2019. Such estimates are being treated by the Company as historical in nature and a qualified person has not done sufficient work to classify the historical estimates as current mineral resources. The Company is not treating them as current resource estimates and is disclosing these historic estimates for illustrative purposes and to provide readers with relevant information regarding the projects. In addition, such estimates were not prepared under S-K 1300 standards and the results of future estimates by the Company may vary from these historic estimates.

(2)

The economic analysis is preliminary in nature and 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. For further information regarding the Initial Economic Assessment, please refer to the technical report summary titled "S-K 1300 Initial Assessment Report – Roughrider Uranium Project, Saskatchewan, Canada", issued on November 5, 2024, available under the Company's profile at www.sec.gov. For further information regarding the resource estimates for the Company's projects, please refer to the Company’s most recent annual report on Form 10-K and technical report summaries, available under our profile at www.sec.gov.

(3)

Based on the most recent (2023) UxC LLC Uranium Production Cost Study, which included a review of over 100 projects at various stages and operations.

(4)

Market values for securities are based on closing prices as at January 31, 2025, and for uranium inventories are based on the spot price quoted on UxC CVD as of such date.

(5)

Excluding acquisition-related costs.

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