Uranium Energy Corp. (UEC) reported its financial results for the fiscal year ended July 31, 2026, announcing a transformational year that established the company as a multi-mine U.S. uranium producer. The company reported total production of 229,294 pounds of precipitated uranium and dried and drummed U3O8 for the fiscal year, with 359,260 pounds produced since commissioning through the end of the fiscal year.
In the fourth quarter, production increased by 157% compared to the third quarter, totaling 82,744 pounds. This production came from two mines: Christensen Ranch and Burke Hollow. At Christensen Ranch, production doubled to 65,392 pounds, with total cash costs per pound dropping 35% to $28.38. Burke Hollow, which began operations in its first full quarter, produced 17,352 pounds at a total cash cost of $36.13 per pound.
UEC sold 400,000 pounds from inventory at a weighted average realized price of $93.13 per pound, generating $37.3 million in revenue and $16.9 million in gross profit. The company holds a strategic inventory position of 1,256,000 pounds of U3O8 valued at $109 million at current market prices.
On the corporate development front, UEC is advancing the United States Uranium Refining & Conversion Corp (UR&C) project. Working with engineering partner Fluor Enterprises, UR&C has built a 63-member project team and is preparing its U.S. Nuclear Regulatory Commission license application. A Class IV cost estimate is expected to be completed by mid-2027.
The company also highlighted growing demand for unobligated U.S.-origin uranium. The National Nuclear Security Administration issued a Request for Information seeking 4 million pounds per year of U.S.-origin uranium with deliveries as early as 2030. Additionally, the U.S. Army plans to deploy more than 20 microreactors requiring unobligated U.S.-origin uranium.
UEC entered fiscal 2027 with a robust balance sheet, reporting $753 million in liquid assets, including $495 million in cash, and no debt.
