Uranium Energy Corp. (NYSE American: UEC) reported fiscal third-quarter 2026 results highlighted by the commencement of production at the Burke Hollow in-situ recovery (ISR) project in South Texas. The company described Burke Hollow as the largest greenfield ISR uranium project to enter production in the United States in more than a decade. This milestone underscores UEC's role in expanding domestic uranium production capacity.
UEC also reported a debt-free balance sheet with $794 million in liquid assets, providing financial flexibility to advance its operations. The company is progressing production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects. These initiatives are part of UEC's strategy to build what it describes as America's only vertically integrated uranium fuel supply chain.
In addition to its production activities, Uranium Energy is advancing its planned uranium conversion facility through United States Uranium Refining & Conversion Corp. The company highlighted federal support for domestic nuclear fuel development through the Department of Energy's "Nuclear Dominance – 3 by 33" initiative. This federal backing is expected to bolster the U.S. nuclear fuel supply chain and reduce reliance on foreign sources.
Internationally, UEC noted continued advancement of its Roughrider uranium project in Saskatchewan, Canada, and its Alto Paraná titanium and vanadium project in Paraguay. These projects diversify the company's portfolio and provide exposure to additional critical minerals.
Uranium Energy Corp. controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain.
The company maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. This approach allows UEC to benefit from rising uranium prices driven by growing demand for nuclear energy as a clean power source. With the commencement of production at Burke Hollow and ongoing expansion efforts, Uranium Energy Corp. is positioning itself as a key player in the resurgence of the U.S. nuclear industry.
For more information, visit the company's newsroom at https://ibn.fm/UEC. The full press release is available at https://ibn.fm/vkrVw.
