#United States #Critical Minerals #Uranium Energy Corp #Corpus Christi #U.S. Government

Uranium Energy Corp Celebrates U.S. Government's Critical Designation of Uranium

Uranium Energy Corp (NYSE American: UEC) has expressed its support for the recent decision by the U.S. government to classify uranium as a critical mineral. This designation, announced by the U.S. Geological Survey (USGS) in their Final 2025 Critical Minerals List, underlines uranium's crucial role in bolstering the nation’s energy supply and enhancing national security.

According to Amir Adnani, President and CEO of Uranium Energy Corp, this momentous decision is a significant step towards realizing the vision of achieving U.S. energy dominance as expressed by President Trump. The classification is not just a recognition of uranium's importance; it is a strategic move towards revitalizing U.S. uranium mining and rebuilding America’s nuclear fuel supply chain.

Government Support and Strategic Importance

The designation allows for an accelerated focus on uranium as a strategic mineral, which stems from the Energy Act of 2020. This act empowers the Secretary of the Interior to identify minerals that are deemed critical to U.S. defense and national security. Both the Department of Energy and the Department of Defense have advocated for uranium's inclusion due to its essential application in energy production and defense operations.

The Federal Register Notice reveals that critical minerals, such as uranium, are vital for maintaining key industries and ensuring economic stability. The U.S. is currently reliant on imports for many minerals, making this designation a pivotal move to mitigate risks associated with supply chain vulnerabilities. Strengthening domestic mineral production is seen as essential for job creation, economic prosperity, and reducing dependency on foreign sources.

Advancing Domestic Uranium Production

Uranium Energy Corp is poised to seize the opportunity presented by this designation. The company is ramping up its activities across its three licensed production platforms located in Texas and Wyoming. Moreover, UEC is making strides to enhance domestic nuclear fuel conversion capabilities through its initiative, the United States Uranium Refining and Conversion Corp.

The company's innovative approach includes a strategic portfolio of uranium projects, comprising one of the largest physical uranium stocks in the U.S., and significant investments in Uranium Royalty Corp., the sector's sole uranium royalty entity. The execution of environmentally efficient in-situ recovery (ISR) mining methods is expected to position UEC as a leader in low-cost uranium production while adhering to sustainable practices.

Future Prospects

As production ramps up at their facilities, UEC is committed to ensuring a steady supply of uranium that aligns with both national energy needs and global demand for clean energy solutions. The corporation aims not only to be integral to America's energy infrastructure but also to play a crucial role in the global energy transition towards safer, sustainable sources.

With this newfound recognition of uranium as a critical mineral, Uranium Energy Corp is looking ahead to a future where domestic capabilities are fortified, ensuring energy security and technological innovation in the U.S. nuclear sector.

In conclusion, the designation of uranium as a critical mineral signifies a turning point for the industry. Uranium Energy Corp stands ready to lead the charge, supporting the United States in achieving energy independence and setting the stage for a robust economy supported by its vast mineral resources.