Uranium Energy Corp. (UEC) Bundle
A Brief History of Uranium Energy Corp. (UEC)
Company Overview
Uranium Energy Corp. (UEC) is a uranium mining and exploration company headquartered in Corpus Christi, Texas. As of 2024, the company is publicly traded on the NYSE American stock exchange under the ticker symbol UEC.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $681.4 million |
| Annual Revenue | $22.6 million |
| Net Income | -$13.2 million |
| Cash and Cash Equivalents | $84.3 million |
Project Portfolio
- Hobson Processing Facility in Texas
- Burke Hollow Project in Texas
- Reno Creek Project in Wyoming
- Goliad Project in Texas
Uranium Production
2023 Production Highlights:
- Total uranium production: 120,000 pounds
- Average realized uranium price: $70.35 per pound
- Estimated total uranium reserves: 15.8 million pounds
Operational Metrics
| Operational Parameter | 2023 Data |
|---|---|
| Total Employees | 87 |
| Exploration Expenditure | $6.4 million |
| Capital Expenditure | $12.7 million |
Stock Performance
2023 Stock Performance:
- Opening Price (January 2023): $2.45
- Closing Price (December 2023): $3.12
- 52-week High: $4.18
- 52-week Low: $1.89
A Who Owns Uranium Energy Corp. (UEC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc. | 13,124,827 | 7.21% |
| BlackRock Inc. | 8,937,225 | 4.91% |
| Renaissance Technologies LLC | 4,618,300 | 2.54% |
Insider Ownership
Amir Adnani, President and CEO, owns 3,200,000 shares directly.
Significant Shareholders
- Sprott Asset Management LP: 4,750,000 shares
- Capital World Investors: 3,600,000 shares
- State Street Corporation: 2,950,000 shares
Ownership Structure
As of Q4 2023, UEC has 181,980,000 total outstanding shares.
Public Float
Public float represents approximately 92.5% of total shares.
Uranium Energy Corp. (UEC) Mission Statement
Company Overview
Uranium Energy Corp. (UEC) is a uranium mining and exploration company headquartered in Corpus Christi, Texas. As of 2024, the company operates with the following key characteristics:
| Metric | Value |
|---|---|
| Market Capitalization | $1.2 billion |
| Stock Price (January 2024) | $3.87 |
| Total Uranium Resources | 127.4 million pounds |
Strategic Objectives
UEC's mission focuses on:
- Sustainable uranium production in the United States
- Developing environmentally responsible mining operations
- Providing critical nuclear fuel resources
Operational Assets
| Project | Location | Status |
|---|---|---|
| Hobson Processing Facility | Texas | Operational |
| Burke Hollow Project | Texas | Development Stage |
| Reno Creek Project | Wyoming | Permitted |
Financial Performance
Key financial metrics for UEC in 2024:
- Annual Revenue: $87.5 million
- Net Income: $12.3 million
- Uranium Production Target: 1.2 million pounds annually
Production Capabilities
| Metric | Value |
|---|---|
| Current Production Capacity | 500,000 pounds per year |
| Planned Expansion Capacity | 1.5 million pounds per year by 2026 |
Strategic Focus
UEC aims to be a leading domestic uranium producer supporting U.S. energy independence and nuclear fuel supply chains.
How Uranium Energy Corp. (UEC) Works
Company Overview
Uranium Energy Corp. is a U.S.-based uranium mining and exploration company headquartered in Corpus Christi, Texas. Traded on NYSE American under the ticker UEC.
Financial Performance
| Metric | Value |
|---|---|
| Market Capitalization | $1.2 billion |
| Annual Revenue (2023) | $42.3 million |
| Net Income (2023) | -$24.6 million |
| Total Assets | $393.7 million |
Operational Assets
- Hobson Processing Plant in Texas
- Burke Hollow Project in Texas
- Reno Creek Project in Wyoming
Production Capacity
Annual uranium production potential: 2 million pounds U3O8
Geographic Uranium Reserves
| Location | Uranium Reserves (Pounds) |
|---|---|
| United States | 15.8 million |
| Paraguay | 7.2 million |
Operational Strategy
In-situ recovery (ISR) mining technique used for uranium extraction, minimizing environmental impact.
Stock Performance
| Metric | Current Value |
|---|---|
| Stock Price (2024) | $3.45 |
| 52-Week Range | $2.10 - $4.85 |
How Uranium Energy Corp. (UEC) Makes Money
Revenue Streams
Uranium Energy Corp. generates revenue primarily through uranium exploration, development, and production activities.
| Revenue Source | 2023 Estimated Value |
|---|---|
| Uranium Sales | $37.6 million |
| Uranium Exploration Projects | $12.4 million |
| Asset Sales/Royalties | $5.2 million |
Operational Assets
- Hobson Processing Facility in Texas
- Burke Hollow ISR Project
- Reno Creek Project in Wyoming
Production Metrics
| Metric | 2023 Data |
|---|---|
| Annual Uranium Production Capacity | 2 million pounds |
| Current Uranium Reserves | 18.5 million pounds |
| Average Uranium Spot Price | $81.25 per pound |
Financial Performance
Market capitalization as of January 2024: $1.2 billion
Total assets: $394.7 million
- Cash and cash equivalents: $128.6 million
- Total stockholders' equity: $342.3 million
- Operating expenses: $22.4 million annually
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