Uranium Energy Corp. (UEC), a NYSE American-listed uranium mining company, reported a net loss of $87.66 million, or $0.20 per share, for the fiscal year ended July 31, 2025. This compares to a net loss of $29.22 million, or $0.07 per share, for the previous fiscal year. The company's income from operations was $(73.32) million, a decrease from the $8.87 million reported in fiscal year 2023. Sales and service revenue for fiscal year 2025 totaled $66.84 million, derived from sales of purchased uranium inventory, a significant decrease from the $164.39 million reported in fiscal year 2023.
The company's financial performance reflects strategic developments, including the restart of uranium extraction at the Christensen Ranch Mine in Wyoming in August 2024, which yielded 103,545 pounds of precipitated uranium and 26,421 pounds of dried and drummed concentrate during the fiscal year. UEC also completed the Sweetwater Acquisition in December 2024 for $175.4 million in cash plus $4.2 million in acquisition-related costs, expanding its Wyoming operations. These activities contributed to increased mineral property expenditures, which rose to $66.06 million in fiscal year 2025, compared to $32.38 million in the previous year. General and administrative expenses also increased to $27.26 million, driven by higher salaries, management fees, and professional fees.
Key operational developments included an increase in the licensed production capacity at the Irigaray Central Processing Plant to 4.0 million pounds of U3O8 annually and the commencement of construction at the Burke Hollow Project in Texas. UEC also filed an initial assessment technical report summary for its Roughrider Project in Saskatchewan, Canada. As of July 31, 2025, the company held 1,356,000 pounds of uranium, excluding initial production at Christensen Ranch ISR Project, and had entered into agreements to purchase an additional 300,000 pounds of warehoused uranium in Fiscal 2026 at an average price of $37.05 per pound.
Looking ahead, UEC plans to continue the ramp-up phase at the Christensen Ranch Mine and advance development programs at the Roughrider and Burke Hollow Projects. The company also intends to pursue the feasibility of developing a new uranium refining and conversion facility in the U.S. through its newly incorporated subsidiary, United States Uranium Refining & Conversion Corp. (UR&C). These initiatives are contingent on factors such as completing engineering and economic studies, securing government commitments, and favorable market conditions. As of July 31, 2025, UEC had a working capital of $207.58 million and anticipates that its existing cash resources will be sufficient to fund its planned operations for the next 12 months.
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.
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