Uranium Energy Corp. (NYSE American: UEC) reported fiscal third-quarter 2026 results highlighted by the commencement of production at the Burke Hollow in-situ recovery (ISR) project in South Texas, described by the company as the largest greenfield ISR uranium project to enter production in the United States in more than a decade. The company also reported a debt-free balance sheet with $794 million in liquid assets, while advancing production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects.
Uranium Energy said it is continuing to build what it describes as America's only vertically integrated uranium fuel supply chain, with progress at its planned uranium conversion facility through United States Uranium Refining & Conversion Corp. The company also highlighted federal support for domestic nuclear fuel development through the Department of Energy's "Nuclear Dominance – 3 by 33" initiative and noted continued advancement of its Roughrider uranium project in Saskatchewan and its Alto Paraná titanium and vanadium project in Paraguay.
The commencement of production at Burke Hollow is significant because it marks the first large-scale greenfield ISR uranium project to come online in the United States in over a decade, boosting domestic uranium supply capacity at a time when the U.S. is seeking to reduce reliance on foreign imports. UEC's strong liquidity position, with $794 million in liquid assets and no debt, provides the financial flexibility to continue expanding its operations and advancing its development pipeline.
Uranium Energy's strategy of building a vertically integrated fuel supply chain, from mining to conversion, aligns with federal initiatives to strengthen domestic nuclear fuel production. The company's progress at the planned conversion facility through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, could help close gaps in the U.S. nuclear fuel cycle. For more details, the full press release is available at https://ibn.fm/vkrVw.
Uranium Energy Corp. is America's largest and fastest growing uranium company. The company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals.
The latest news and updates relating to UEC are available in the company's newsroom at https://ibn.fm/UEC.
