UEC reports fiscal 2026 uranium production of 229,294 lb
Sold 400,000 pounds from inventory at a weighted average realized price of $93.13 per pound, generating $37.3 million in revenue.
Key facts
- Fourth-quarter production 82,744 lb, up 157% from 32,195 lb in the third quarter
- Fiscal 2026 total cost $39.94 per pound; total cash cost $34.24 per pound
- $753 million in liquid assets including $495 million cash, no debt as of July 31, 2026
- Burke Hollow produced 17,352 lb in first full quarter; resin first shipped to Hobson in mid-May
- UR&C Class IV cost estimate expected by mid-2027, per UEC
Uranium Energy Corp produced 229,294 pounds of precipitated uranium and dried and drummed U3O8 in the fiscal year ended July 31, 2026, at a total cash cost of $34.24 per pound and a total cost of $39.94 per pound, the company said on September 29. Cumulative production since commissioning reached 359,260 pounds. Fourth-quarter output from Christensen Ranch and Burke Hollow totaled 82,744 pounds, up from 32,195 pounds in the third quarter, at a total cash cost of $30.01 per pound and a total cost of $36.54 per pound.
Christensen Ranch costs fell as output doubled
Christensen Ranch produced 65,392 pounds in the fourth quarter at a total cash cost of $28.38 per pound and a total cost of $35.63 per pound, down from $46.69 and $54.61 in the third quarter. Burke Hollow produced 17,352 pounds in its first full quarter at a total cash cost of $36.13 per pound and a total cost of $39.93 per pound, from 126 injection and recovery wells in the first production area. Four header houses at Christensen Ranch received final regulatory approvals on September 28, 2026, with production expected to begin in the coming weeks.
Sold 400,000 pounds at $93.13 a pound
UEC sold 400,000 pounds from inventory at a weighted average realized price of $93.13 per pound, generating revenue of $37.3 million and gross profit of $16.9 million. Liquid assets were $753 million as of July 31, 2026, including $495 million in cash, with no debt. Uranium inventory totaled 1,256,000 pounds valued at $109 million.
NNSA sought 4 million pounds a year from 2030
The NNSA issued a request for information outlining a need for 4 million pounds per year of unobligated U.S.-origin uranium, with deliveries as early as 2030; UEC said it could fully support that requirement. The Army said on August 26, 2026 it selected five developers for up to a combined $2.2 billion to build microreactors at five installations, with more than 20 planned under the Janus Program. UR&C, UEC's conversion subsidiary, built a 63-member project team with engineering partner Fluor, began preparing an NRC license application and is advancing toward