- Uranium Energy Corp (UEC) filed its Annual Report for the fiscal year ended **July 31, 2025**, reporting initial uranium production of approximately **130,000 pounds** of precipitated uranium and dried and drummed U3O8 as of that date.  **[1334933_0001437749-25-029806_ex_863979.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:2]** **[1334933_0001437749-25-029806_ex_863979.htm:3]**  The company achieved a Total Cost per Pound of **$36.41** for **26,421 pounds** of U3O8 dried and drummed in fiscal 2025, and its Burke Hollow project is **90% complete**, targeting operational start-up in **December 2025**.  **[1334933_0001437749-25-029806_ex_863979.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:1]** 
- UEC completed the acquisition of Rio Tinto's Sweetwater Complex for **$175 million** in the first half of fiscal 2025, adding **175 million pounds** of historic resources and expanding licensed capacity to **12.1 million pounds U3O8 annually**.  **[1334933_0001437749-25-029806_ex_863979.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:3]**  The company also launched United States Uranium Refining & Conversion Corp (UR&C) to establish itself as the only vertically integrated U.S. uranium company with mining, processing, and planned refining and conversion capabilities.  **[1334933_0001437749-25-029806_ex_863979.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:4]** **[1334933_0001437749-25-029806_ex_863979.htm:5]** 
- As of **July 31, 2025**, UEC maintained a strong balance sheet with **$321 million** in cash, inventory, and equities, and **no debt**.  **[1334933_0001437749-25-029806_ex_863979.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:2]** **[1334933_0001437749-25-029806_ex_863979.htm:3]**  In the first half of fiscal 2025, the company generated **$66.8 million** in revenue and **$24.5 million** in gross profit from the sales of **810,000 pounds of U3O8**.  **[1334933_0001437749-25-029806_ex_863979.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:1]** **[1334933_0001437749-25-029806_uec20250923_8k.htm:2]** **[1334933_0001437749-25-029806_ex_863979.htm:3]**

Uranium Energy Corp Files Fiscal 2025 Annual Report, Highlights Production Ramp-Up and Strategic Expansion

- Uranium Energy Corp reported a **strong balance sheet** with **$321 million** in cash, inventory, and equities and **no debt** as of July 31, 2025.  **[1334933_20250924VA81950:1]** 
- For the first half of fiscal 2025, the company generated **$66.8 million in revenue** and **$24.5 million in gross profit** from the sale of **810,000 pounds of U3O8** at an average price of **$82.52 per pound**.  **[1334933_20250924VA81950:1]** 
- UEC achieved initial production of approximately **130,000 pounds** of U3O8 as of July 31, 2025, with a total cost per pound of **$36.41** for 26,421 pounds dried and drummed in fiscal 2025.  **[1334933_20250924VA81950:0]** 
- The company completed the acquisition of Rio Tinto's Sweetwater Complex for **$175 million**, significantly expanding its licensed production capacity to **12.1 million pounds U3O8 annually** and adding **175 million pounds of historic resources**.  **[1334933_20250924VA81950:0]** **[1334933_20250924VA81950:2]** 
- UEC launched United States Uranium Refining & Conversion Corp (UR&C) to establish itself as the only vertically integrated U.S. uranium company, encompassing mining, processing, and planned refining and conversion capabilities.  **[1334933_20250924VA81950:0]** **[1334933_20250924VA81950:4]**

Uranium Energy Corp Files Fiscal 2025 Annual Report, Highlights Strong Financials and Strategic Growth

- The **United States is expanding its strategic uranium reserve** to reduce reliance on Russian imports, which currently supply about **a quarter of enriched uranium** for U.S. nuclear reactors, and to strengthen the domestic nuclear energy sector, as current U.S. inventory only covers approximately **14 months of power generation**.  **[1334933_442996fc1f96456f8be6f0e7e2ef8f85]** 
- This initiative has fueled a **surge in uranium stocks and ETFs**, with companies like Uranium Energy, Cameco, Oklo, and Nano Nuclear seeing significant gains, and the Sprott Uranium Miners ETF (URNM) surging over **326% since 2020**.  **[1334933_442996fc1f96456f8be6f0e7e2ef8f85]** 
- The expansion plan, initially proposed during the Trump administration, has received **continued support from the Biden administration**, with contracts signed to purchase uranium from domestic producers.  **[1334933_442996fc1f96456f8be6f0e7e2ef8f85]** 
- **enCore Energy Corp**, a notable uranium company, is engaged in resource acquisition and exploration but currently faces profitability challenges with a negative operating margin of **-201.87%** and a net margin of **-176.18%**.  **[1334933_442996fc1f96456f8be6f0e7e2ef8f85]**

URANIUM ENERGY (UEC)