Uranium Energy Corp (UEC) filed its quarterly report on Form 10-Q for the quarter ended October 31, 2024, on December 5, 2024. The company reported a net loss of $20.2 million, or $0.05 per share, for the fiscal first quarter.
As of October 31, 2024, UEC maintained a strong financial position with over $350 million in liquid assets and no debt. This liquidity provides flexibility to accelerate production growth plans in a tightening uranium market.
Operationally, Christensen Ranch Mine Units 8 and 10, along with the Satellite Plant ion exchange circuit, were commissioned in August and September 2024, sustaining flow at over 3,000 GPM. The Irigaray Plant's licensed production capacity was also increased to 4.0 million pounds of U3O8 annually during this period. Additionally, construction commenced at the Burke Hollow Project, including the ion exchange facility and the first production area.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.