Uranium Energy Corp (NYSE American: UEC) has commenced production at its Burke Hollow in-situ recovery (ISR) uranium project in Texas, following approval from the Texas Commission on Environmental Quality. This marks the first new U.S. ISR uranium operation in over a decade. The startup, combined with recent expansion approvals at its Christensen Ranch operations in Wyoming, positions UEC as the only U.S. uranium company with two active ISR hub-and-spoke platforms, as it advances a scalable domestic production strategy supported by a large resource base and growing policy support for the U.S. nuclear fuel supply chain.
The Burke Hollow project is part of UEC's South Texas hub-and-spoke platform. The company's operations in Texas and Wyoming are anchored by licensed central processing plants (CPPs) and served by multiple U.S. ISR uranium projects. UEC's combined licensed production capacity stands at 12.1 million pounds U3O8 per year. In August 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium loaded resin to the Irigaray CPP.
Uranium Energy Corp is America's largest and fastest growing supplier of uranium needed for nuclear energy. The company is advancing low-cost, environmentally friendly ISR mining projects in the United States and high-grade conventional projects in Canada. Its diversified uranium holdings include a conventional pipeline of high-grade Canadian projects anchored by the Roughrider project, one of the largest physical uranium portfolios of U.S. warehoused U3O8, and a major equity stake in Uranium Royalty Corp. The company's operations are managed by professionals with decades of nuclear fuel industry experience.
For the full press release, visit https://ibn.fm/yw1uh. More information about UEC is available in the company's newsroom at https://ibn.fm/UEC.
