NYSE American: UEC

Operational and Challenge Highlights:

• Accomplished a significant manufacturing milestone with the a hit processing, drying and drumming of uranium concentrates, advancing the phased ramp-up of operations at each the Irigaray Central Processing Plant (“CPP”) and the Christensen Ranch In-Situ Medication (“ISR”) Mine in Wyoming’s Powder River Basin.
• Buildout of unused manufacturing fields persisted on the Christensen Ranch ISR Mine and are anticipated to be operational within the coming weeks as deliberate.
• Bolstered UEC’s place as the most important certified uranium manufacturer within the U.S. with the endmost of the Rio Tinto The united states Inc.’s Sweetwater Plant acquisition in Wyoming, including 4.1 million kilos U₃O₈ in keeping with 12 months of certified capability and 175 million kilos of ancient assets⁽¹⁾, inauguration the Corporate’s 3rd hub-and-spoke ISR manufacturing platform.
• Complicated Building at Burke Hole ISR Mine in South Texas with construction of the preliminary deliberate manufacturing branch. Key infrastructure construction, together with the satellite tv for pc ion trade plant underpinning and long-lead apparatus orders, are progressing on time table.
• Finished an Preliminary Financial Review⁽²⁾ for the Roughrider Challenge appearing an estimated $946 million Submit-Tax NPV, 40% IRR, a 1.4-year payback and an all-in maintaining price (AISC) of $20.48 in keeping with lb U₃O₈, score Roughrider within the lowest 15% of manufacturing prices amongst tasks⁽³⁾ globally at numerous phases.

Monetary Highlights:

• 2nd Quarter Earnings of $49.8 million on gross sales of 600,000 kilos of U₃O₈ at $82.92 in keeping with pound from our bodily portfolio, producing a rude benefit of $18.2 million in the second one quarter.
• Stock totals 1,356,000 kilos of U₃O₈ valued at $97.3 million at marketplace costs⁽⁴⁾. UEC’s U.S. warehoused bodily uranium program shall be additional expanded with an spare 300,000 kilos to be bought beneath current guarantees in December 2025 at $37.05 in keeping with pound, offering a cheap wave of bodily uranium at a presen of heightened geopolitical hesitancy.
• Over $214 million of liquid property (money, equities and stock at marketplace costs⁽⁴⁾), and 0 debt.

CORPUS CHRISTI, Texas, March 12, 2025 /PRNewswire/ – Uranium Power Corp (NYSE American: UEC), (the “Company” or “UEC”) is happy to record that it has filed its quarterly record on Method 10-Q for the quarter ended January 31, 2025, with the U.S. Securities and Change Fee (the “SEC”). The Method 10-Q submitting, which contains the Corporate’s period in-between condensed consolidated monetary statements, connected notes thereto and control’s dialogue and research, is to be had at the Corporate’s web site at www.uraniumenergy.com and at www.sec.gov.

Amir Adnani, President and CEO, said:

“This quarter, UEC achieved significant milestones in production ramp-up, acquisitions, sales and construction across our project pipeline. In Wyoming, we successfully commenced drying and drumming of uranium concentrates. In Texas, we continued to accelerate construction of Burke Hollow, including the first planned production area and a new satellite ion exchange facility. The acquisition of the Sweetwater Plant adds a third ISR hub-and-spoke platform and boosts our licensed U.S. production capacity to over 12 million pounds annually.”

“Financial strength remains a cornerstone of our growth strategy, with over $214 million⁽⁴⁾ in liquid assets and zero debt as of January 31, 2025. Our strong balance sheet, combined with the low capital intensity of ISR operations, provides the capability to accelerate production growth in a rapidly tightening uranium market. With demand outpacing supply, our decision to remain fully unhedged ensures we can capitalize on rising prices while maintaining the discipline and flexibility to reduce sales volume at our discretion during periods of market weakness. This quarter’s realized sale price of $82.92 per pound for 600,000 pounds is a direct reflection of that strategy, reinforcing our ability to maximize value for shareholders.”

“The Roughrider Project Initial Economic Assessment⁽²⁾ validates the project as a top-tier, high-margin asset with a clear path to becoming a world-class mine and mill. With a post-tax estimated net present value of $946 million, our 2022 acquisition of Roughrider from Rio Tinto for $150 million has proven to be a highly accretive move, fully aligned with our strategy to secure valuable assets at opportune moments in the uranium price cycle.”

Christensen Ranch and Irigaray Operations, Wyoming

A vital milestone used to be completed with the a hit commissioning of the drying and packaging circuit on the Irigaray CPP with uranium feed from the Christensen Ranch ISR operations. 

Six months into the phased restart, the Christensen Ranch Mine ramp-up persisted, with feed to the satellite tv for pc ion trade plant from past-producing wellfields 7, 8, and 10. Header space 7-4 used to be began for manufacturing feed to the satellite tv for pc plant right through the quarter.

The buildout of unused manufacturing fields persisted with floor development of header properties 10-7 and 10-8. Injection and manufacturing headers, motor regulate facilities and programable good judgment controls have been put in, as have been primary trunk strains. The 2 unused header properties will enlarge manufacturing and are anticipated to return on-line within the coming weeks.

Drilling rigs persisted delineating roll fronts in wellfield 11, in addition to piloting, casing and underreaming unused wells. Moreover, unused wells have been drilled in wellfields 8 and 10, increasing the branch and uranium to be had for fix.

Burke Hole ISR Challenge, South Texas

Building has sped up on the Burke Hole Challenge, with the ion trade facility and the primary manufacturing branch that shall be a satellite tv for pc operation to the Hobson CPP. With seven drilling rigs working, 75 injection and fix wells have been cased within the preliminary wellfield and its construction is ongoing. 

Greater than 760 cubic yards of cement used to be poured to finish the underpinning of the primary slab of the satellite tv for pc ion trade plant for day placement of tanks, pumps, force vessels and piping. In line with our sped up venture control timelines, orders for long-lead pieces, together with motor regulate facilities, extra turbines and resin for ion trade columns, have been positioned. Alternative infrastructure developments integrated development of roads and ongoing set up of three-phase energy into the venture web site.

Authorization beneath our current license to function deliberate magnificence III injection wells for ISR uranium extraction on the Burke Hole Challenge used to be won from the Texas Fee on Environmental Attribute.

Acquisition of Rio Tinto’s Sweetwater Plant and Wyoming Uranium Belongings

In December of 2024, UEC obtained 100% of Rio Tinto’s Wyoming property, made out of the wholly-owned and fully-licensed Sweetwater Plant and a portfolio of uranium mining houses, together with the Purple Wasteland Challenge and the Inexperienced Mountain Challenge, with roughly 175 million kilos of ancient assets⁽¹⁾.

The purchase, with a purchase order value of roughly $175 million⁽⁵⁾ in money, is an accretive acquire and integrated the Sweetwater Plant, a three,000-ton-per-day processing mill with an authorized capability of four.1 million kilos U₃O₈ once a year. UEC plans to evolve the Sweetwater Plant to get better uranium from loaded resin produced by way of ISR operations. This acquisition used to be a unprecedented alternative to procure U.S. certified amenities and uranium mining houses from a chief international mining corporate.

The addition of the Sweetwater Plant and a portfolio of authorized and exploration degree property will considerably strengthen and boost up UEC’s manufacturing features in Wyoming’s Superior Divide Basin, the place UEC already holds 12 houses. The Sweetwater Plant allows UEC to free up the improvement of the Corporate’s intensive portfolio within the Superior Divide Basin, developing synergies from a 3rd U.S. hub-and-spoke manufacturing platform.

The Corporate is these days running against finishing tide useful resource estimates for the Superior Divide Basin.

Roughrider Challenge, Saskatchewan

In November of 2024, UEC filed an preliminary review technical record abstract⁽²⁾ that incorporates an financial research and mineral useful resource estimate for its 100% owned Roughrider Challenge, situated in Northern Saskatchewan, Canada. Highlights come with:

• Estimated post-tax NPV of $946 million, using an IRR of 40%, a post-tax payback duration of one.4 years, in accordance with a long-term uranium value of $85/pound U₃O_8, and using an 8% cut price charge.
• Anticipated Past of Mine (“LOM”) manufacturing of 61.2 million kilos U₃O₈ produced over 9 years with a median annual manufacturing charge of 6.8 million kilos U₃O₈. Preliminary capex is estimated at $545 million together with mill and underground mine.
• AISC of $20.48/pound U₃O₈.
• An trade chief, score within the lowest 15% of manufacturing prices amongst tasks⁽³⁾ globally at numerous phases.
• Reasonable Annual LOM income earlier than passion, taxes, depreciation and amortization of $395 million.
• The Roughrider Challenge is within the well-established infrastructure of jap Athabasca Basin, with an adjoining high-voltage 138 kV transmission layout, hydroelectric energy life, 7 km north of the economic airport at Issues North Touchdown, and a freeway device. 

The technical data on this information loose respecting the Corporate’s tasks has been reviewed and authorized by way of Chris Hamel, P.Geo., Vice President Exploration, Canada, for the Corporate, being a Certified Individual as outlined by way of SEC Legislation S-Ok 1300.

About Uranium Power Corp

Uranium Power Corp is The united states’s greatest and quickest rising provider of uranium had to construct guard, blank, decent nuclear power. UEC is advancing the nearest life of cheap, environmentally pleasant ISR mining uranium tasks in the USA and high-grade standard tasks in Canada. The Corporate has 3 ISR hub-and-spoke platforms in South Texas and Wyoming. Those manufacturing platforms are anchored by way of certified Central Processing Crops that shall be served by way of a pipeline of satellite tv for pc ISR tasks, together with seven that have already got their primary lets in in park. In August 2024, operations have been restarted, and ramp-up commenced, on the Christensen Ranch Challenge in Wyoming, sending uranium loaded resin to the Irigaray Plant (Wyoming hub). Moreover, the Corporate has various uranium holdings together with: (1) probably the most greatest bodily uranium portfolios of U.S. warehoused U₃O₈; (2) a significant fairness stake in Uranium Royalty Corp., the one royalty corporate within the sector; and (3) a Western Hemisphere pipeline of useful resource degree uranium tasks. The Corporate’s operations are controlled by way of execs with a long time of hands-on enjoy in the important thing aspects of uranium exploration, construction and mining.

Reserve Change Data:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Secure Harbor Commentary

Excluding for the statements of ancient truth contained herein, the ideas introduced on this information loose constitutes “forward-looking statements” as such expression is old in acceptable United States and Canadian securities regulations. Those statements relate to analyses and alternative data which are in accordance with forecasts of day effects, estimates of quantities now not but determinable and guesses of control. Any alternative statements that categorical or contain discussions with appreciate to predictions, expectancies, ideals, plans, projections, goals, guesses or day occasions or efficiency (steadily, however now not all the time, the use of phrases or words equivalent to “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “would possibly”, “may just”, “would”, “may” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such ahead browsing statements contain recognized and unknown dangers, uncertainties and alternative elements which would possibly purpose the original effects, efficiency or achievements of the Corporate to be materially other from any day effects, efficiency or achievements expressed or implied by way of such forward-looking statements. Such dangers and alternative elements come with, amongst others, the original result of exploration actions, permutations within the underlying guesses related to the estimation or realization of mineral assets, day mineral useful resource estimates would possibly range from ancient estimates, the provision of capital to investmrent methods and the ensuing dilution led to by way of the elevating of capital during the sale of stocks, injuries, hard work disputes and alternative dangers of the mining trade together with, with out limitation, the ones related to the climate, delays in acquiring governmental approvals, lets in or financing or within the of entirety of construction or development actions, identify disputes or claims obstacles on insurance plans. Even though the Corporate has tried to spot remarkable elements that might purpose original movements, occasions or effects to range materially from the ones described in forward-looking statements, there is also alternative elements that purpose movements, occasions or effects to not be as expected, estimated or supposed. Many of those elements are past the Corporate’s skill to regulate or expect. There can also be disagree agreement that such statements will turn out to be correct as original effects and day occasions may just range materially from the ones expected in such statements. Accordingly, readers will have to now not park undue reliance on forward-looking statements contained on this information loose and in any file referred to on this information loose. Remarkable elements that can purpose original effects to range materially and that might affect the Corporate and the statements contained on this information loose can also be discovered within the Corporate’s filings with the Securities and Change Fee. For forward-looking statements on this information loose, the Corporate claims the security of the guard harbor for forward-looking statements contained within the Non-public Securities Litigation Reform Employment of 1995. The Corporate assumes disagree legal responsibility to replace or complement any forward-looking statements whether or not because of unused data, day occasions or differently. This information loose shall now not represent an trade in to promote or the solicitation of an trade in to shop for securities.

SOURCE Uranium Power Corp