Uranium Energy is a U.S.-based uranium mining and exploration company
operating its fully licensed Hobson Processing Plant as the core of all its
South Texas projects, including the Palangana in-situ recovery (ISR) mine, the
permitted Goliad ISR project, and the development-stage Burke Hollow ISR
project. In addition, Uranium Energy controls a pipeline of advanced-stage
projects in Arizona, Colorado and Paraguay. By utilizing the Hobson facility,
Uranium Energy has eliminated the need to construct a new onsite processing
plant for each project.
Billions of dollars are invested in nuclear projects around the world,
and while many uranium plays like Cameco Corp. (NYSE:CCJ) maintain chief
projects abroad, Uranium Energy is among several other U.S.-focused companies
including Uranium Resources, Inc. (NASDAQ:URRE) and Energy Metals Corp.
(NYSE:EMC).
Uranium Energy also controls one of the nation’s largest databases of
historic uranium exploration and development, which the company uses to acquire
and advance exploration of merit throughout the southwestern U.S., a region
that has historically been the most concentrated area for uranium mining in the
states. With the use of these historical exploration databases, the company
identifies acquisition targets that were previously the subject of significant
exploration and development by senior energy companies.
Last month Uranium Energy reported the $3.08 million sale of the
majority of its uranium inventory at a sale price of $38.50 per pound, 8.5
percent higher than the spot price. As the uranium industry continues its
recovery from the 2011 Fukushima Daiichi nuclear disaster and falling uranium
prices in 2014, long-term forecasts call for $49 a pound; and Uranium Energy
appears to be positioned to capitalize on anticipated market price recovery.
Since the company’s production is unhedged and therefore separated from
fixed-price contracts, it has wiggle room to wait for a spot price recovery as
it ramps up production at Palangana.
For more information visit www.uraniumenergy.com
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