#United States #Public Offering #Uranium Energy Corp #Corpus Christi #Uranium Refining

Uranium Energy Corp Concludes $30 Million Public Offering

Uranium Energy Corp (NYSE American: UEC), a leader in the American uranium sector, proudly announces the successful closure of its public offering, resulting in a significant capital influx of $30 million. This was achieved through the full exercise and closing of the over-allotment option by its underwriter, Goldman Sachs & Co. LLC. The offering comprised 15,500,000 shares of common stock at a price of $13.15 per share, with an additional allocation of 2,325,000 shares bringing the total gross proceeds to an impressive $30,573,750.

The proceeds from this offering are earmarked for the acceleration of a new, state-of-the-art uranium refining and conversion facility, under the umbrella of its wholly owned subsidiary, United States Uranium Refining & Conversion Corp (URC). This initiative reflects UEC's commitment to enhancing its production capabilities and securing a robust supply chain to support the growing demand for clean nuclear energy. The company’s strategic plan is not just about mining and selling uranium but encompasses a complete vertically integrated process, from extraction to refinement.

Uranium Energy Corp is already recognized as one of the fastest-growing suppliers of uranium in the U.S., actively developing environmentally friendly in-situ recovery (ISR) projects in South Texas and conventional mining operations in Canada. With three ISR platforms strategically placed in Wyoming and South Texas, UEC is well-positioned for success in the burgeoning clean energy landscape.

A Look into the Future

By leveraging the funds acquired from this recent offering, UEC is not only advancing its refinery project but also enhancing its operational infrastructure. The new facility is designed to tap into the company’s extensive experience and industry knowledge in uranium mining, ensuring that the refining process aligns with the high standards of safety and environmental stewardship required in the nuclear energy industry.

The board of directors and management team at UEC have decades of cumulative experience in mining and resource development, which significantly augments the company's ability to navigate the complexities of project execution and regulatory compliance. The focus remains on creating a sustainable growth model that meets the ever-increasing global energy demand while adhering to rigorous environmental protection protocols.

As UEC continues to ramp up operations, including the recent restart of the Christensen Ranch Project in Wyoming, the firm enhances its portfolio of high-grade uranium initiatives. Additionally, UEC boasts one of the largest physical uranium portfolios in the U.S. and holds a notable equity position in Uranium Royalty Corp, further solidifying its influence and capacity within the uranium sector.

Conclusion

The full exercise of the over-allotment option and the subsequent success of this public offering position Uranium Energy Corp for remarkable growth in the coming years. Investors and stakeholders are optimistic about the trajectory of UEC, especially with the returns from uranium mining and processing expected to cater to a market increasingly leaning toward clean and sustainable energy solutions.

This pivotal moment underscores Uranium Energy Corp's strategy and vision as it strides definitively towards a more integrated and expansive operational scope, promising a vital contribution towards ensuring a reliable supply of clean nuclear energy to meet future energy needs.

The company's bold moves reflect not only its entrepreneurial spirit but also its commitment to sustainability and innovation within the energy sector, positioning UEC as a frontrunner in the next generation of uranium production and processing.