Uranium Energy Corp (UEC) announced on November 8, 2024, the filing of an initial assessment technical report summary for its 100% owned Roughrider Project in Northern Saskatchewan, Canada. The assessment validates Roughrider as a top-tier, high-margin operation with a clear path to development.
The economic analysis indicates a post-tax estimated net present value of $946 million and a strong internal rate of return (IRR) of 40%, with a rapid 1.4-year payback period. All-in-Sustaining Costs (AISC) are estimated at $20.48 per pound of U3O8, based on an assumed uranium price of $85 per pound.
The project envisions an average life of mine production of 6.8 million pounds per year over a 9-year mine life, with a mill processing rate of 400 tonnes per day. This assessment underscores the strategic value of the 2022 acquisition of Roughrider from Rio Tinto for $150 million, positioning it as a highly accretive asset for UEC.
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.