Uranium Energy Corp (UEC) filed its quarterly report on Form 10-Q for the quarter ended January 31, 2025, on March 12, 2025. The company reported revenue of $49.8 million for the fiscal second quarter, alongside a net loss of $10.2 million, or $0.02 per share.
As of January 31, 2025, UEC maintained a strong financial position with over $214 million in liquid assets and zero debt. The company successfully sold 600,000 pounds of uranium during the quarter at a realized price of $82.92 per pound, reflecting its unhedged strategy to capitalize on rising prices.
Operationally, UEC achieved the commissioning of the drying and packaging circuit at the Irigaray CPP, fed by Christensen Ranch ISR operations. Construction accelerated at the Burke Hollow Project, with 75 injection and recovery wells cased. The acquisition of the Sweetwater Plant was completed in December 2024, adding a third ISR hub-and-spoke platform and increasing licensed U.S. production capacity to over 12 million pounds annually. Furthermore, the Roughrider Project's Initial Economic Assessment validated it as a high-margin asset with a post-tax estimated net present value of $946 million.
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