**Uranium Energy Corp. Reports Fiscal Year 2026 Financial and Operational Highlights**

Uranium Energy Corp. (UEC) has released its annual report for the fiscal year ended July 31, 2026, detailing significant operational advancements and financial performance. The company reported sales of $37.25 million and a gross profit of $16.90 million for Fiscal 2026. This compares to sales of $66.84 million and a gross profit of $24.48 million in Fiscal 2025. The company recorded a net loss of $137.31 million, or $0.28 per share, for Fiscal 2026, an increase from the net loss of $87.66 million ($0.20 per share) in Fiscal 2025.

UEC's strategic developments during Fiscal 2026 included the commencement of production at its Burke Hollow ISR mine in South Texas in April 2026, following the restart of ISR operations at its Christensen Ranch mine in Wyoming in August 2024. The company also advanced its strategy to build a vertically integrated U.S. uranium fuel supply chain through its subsidiary, United States Uranium Refining & Conversion Corp. (UR&C), which progressed its license application for a new uranium refining and conversion facility. Additionally, UEC increased its equity interests in Anfield Energy Inc. and Uranium Royalty Corp.

Operationally, UEC produced 229,294 pounds of precipitated uranium and dried and drummed U3O8 during Fiscal 2026. The Christensen Ranch mine contributed 211,942 pounds, while the newly commissioned Burke Hollow mine produced 17,352 pounds in its initial three months of operation. The company continued to advance its Sweetwater Project in Wyoming, with its federal permitting process under the FAST-41 and National Environmental Policy Act ongoing. In Canada, UEC completed 36,000 meters of diamond drilling at its Roughrider Project to support resource conversion as part of a planned pre-feasibility study.

The company's outlook indicates continued ramp-up of mining activities at its Christensen Ranch and Burke Hollow mines, with new production areas under construction through 2027. UEC plans to hire additional personnel to support wellfield development and expand extraction. The Palangana mine is expected to operate at a reduced pace, maintaining operational readiness. Further development is planned for the Ludeman Project's ion-exchange facility and production area, alongside refurbishment assessments for the Sweetwater Project. UEC will also continue advancing its Roughrider Project, conduct exploration activities across its portfolio, and pursue the feasibility of its uranium refining and conversion facility through UR&C. The company anticipates that fluctuations in the uranium market price will continue to directly impact its revenues and cash flows, as it maintains a 100% unhedged uranium strategy.

About URANIUM ENERGY CORP

Uranium Energy Corp. is a uranium mining company focused on low-cost, environmentally responsible in-situ recovery (ISR) projects in the U.S., Canada, and Paraguay. It operates licensed ISR mines and processing facilities, develops new projects, and manages a physical uranium portfolio. The company supports nuclear energy as a key clean energy source, leveraging regulatory expertise, strategic acquisitions, and a diversified asset base to meet global demand for carbon-free power.

This description was generated via AI from an annual report. Updated about 1 year ago.

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