$271M of cash, inventory and equities at market prices, and no debt on May 30. Inventory totals 1,356,000 pounds of U3O8 valued at $96.6M at market prices. UEC‘s U.S. warehoused physical uranium program will be expanded by 300,000 pounds through purchase contracts in December 2025 at $37.05 per pound, providing a low-cost stream of physical uranium at a time of heightened geopolitical uncertainty. Amir Adnani, President and CEO, stated: “With the U.S. now targeting a fourfold expansion of nuclear capacity and rebuilding its nuclear industrial base under Presidential Executive Orders, UEC’s production ramp-up is strategically aligned with the expected increase in uranium demand. This quarter’s operational milestones-commissioning new ISR production in Wyoming and advancing construction in South Texas-underscore how ideally positioned UEC is to meet the call for secure, scalable and 100% domestic uranium supply. Additionally, preparing our Roughrider project in Canada for pre-feasibility aims to add another layer of reliable uranium supply from a stable jurisdiction for longer term demand. The Administration has made clear that uranium mining, along with conversion and enrichment, are critical to national security. As America’s leading uranium company, we are ready to fuel this transformation with low-cost production platforms across the U.S. and Canada.”
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