Balance Sheet And FinancingConvertible note financing and capped-call purchases strengthened the balance sheet and limited dilution, while a multi-million-dollar cash position with no debt supports continued project funding.
Offtake Agreements And U.S. DemandExisting offtake agreements covering over a million pounds for 2026 with mostly U.S. utilities, combined with rising interest from large technology buyers in nuclear-generated power, improve near-term revenue visibility.
Production Ramp-upShirley Basin ramp-up and scale across Wyoming projects could increase licensed production capacity to roughly 2.2 million pounds per year, supporting higher future revenue as output expands.