|
|
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
|
|
(U.S. corporate headquarters)
|
(Zip Code)
|
|
1830 – 1188 West Georgia Street
Vancouver, British Columbia, Canada |
V6E 4A2
|
|
(Canadian corporate headquarters)
|
(Zip Code)
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol (s)
|
Name of each exchange on which registered
|
|
|
|
Item 7.01
|
Regulation FD Disclosure
|
●
|
Successful startup of uranium production at the past-producing Christensen Ranch in-situ recovery (“ISR”) operations and Irigaray Central Processing Plant (“CPP”) in Wyoming’s Powder River Basin.
|
●
|
South Texas hub-and-spoke ISR production platform making strong progress with increased resources at Burke Hollow Project and development plans for the construction of a satellite facility to the Hobson CPP.
|
●
|
Advancing the Roughrider Project in Canada’s Eastern Athabasca Basin with environmental baseline, technical studies and positive drill results leading to the discovery of Roughrider North, 850 meters northeast of the Roughrider deposit.
|
●
|
UEC’s attributable resources now total 230.0 million pounds U3O8 in the Measured and Indicated Categories and 102.7 million pounds U3O8 in the Inferred category across all its projects(1), cementing UEC’s status as one of the largest and diversified North American focused uranium companies.
|
●
|
Over 1,466,000 pounds of U3O8 inventories as of July 31, 2024 valued at $125.3 million at market price(2). Taking deliveries of an additional 700,000 pounds of U3O8 at an average cost of $38.20 per pound through December 2025.
|
●
|
Approximately $331.5 million of cash, equity holdings(3) and inventory(2) at market prices, and no debt, as of July 31, 2024.
|
●
|
Landmark agreement with Rio Tinto America Inc. (“Rio Tinto”) to acquire 100% of Rio Tinto's Sweetwater Plant and a portfolio of uranium mining projects in Wyoming, creating a third U.S. hub-and-spoke ISR production platform within UEC’s pure-play uranium business.
|
●
|
Achieved a Sustainalytics Rating of 23.8, placing UEC as the leading uranium mining company and in the top 5th percentile of the Diversified Metals and Mining Subindustry as rated by Morningstar Sustainalytics (as of September 2, 2024).
|
(1)
|
The noted resource estimates represent the combined totals for the Company's uranium projects. Please see the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024 for further information regarding such estimates, including the methodologies, assumptions and other important information.
|
(2)
|
Based on spot price quoted on UxC CVD as of July 31, 2024.
|
(3)
|
Based on closing prices as of July 31, 2024.
|
(4)
|
Based upon internal studies and other historic data prepared by prior owners in regards to the projects and dated between 1984 and 2019. Such estimates are being treated by the Company as historical in nature and a qualified person has not done sufficient work to classify the historical estimates as current mineral resources. The Company is not treating them as current resource estimates and is disclosing these historic estimates for illustrative purposes and to provide readers with relevant information regarding the projects. In addition, such estimates were not prepared for disclosure under S-K 1300 standards and the results of future estimates by the Company may vary from these historic estimates.
|
Item 9.01
|
Financial Statements and Exhibits
|
(d)
|
Exhibits
|
Exhibit
|
Description
|
||
99.1
|
|||
104
|
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
|
URANIUM ENERGY CORP.
|
|||
DATE: September 27, 2024.
|
By:
|
/s/ Pat Obara
|
|
Pat Obara, Secretary and
Chief Financial Officer
|