Uranium Energy (NYSE American: UEC) has announced that it will be a featured presenting company at the upcoming H.C. Wainwright Spring Mining Conference, slated for April 19–20, 2021. UEC CEO Amir Adnani will present at the virtual event. His live presentation is scheduled for Monday, April 19, at 10 a.m. ET. Adnani will also be available to participate in one-on-one meetings with investors attending the conference. An archived presentation will be available on EUC’s website for 90 days after the conference. In addition, Adnani talks about the company’s business play and objectives in a recent Streetwise Reports article, noting that selling uranium is only one piece of UEC’s business model. The article noted that UEC has purchase contracts for more than 2 million pounds of uranium at a volume-weighted average price of ~$30 per pound. In addition, the company recently closed on a public offering, resulting in $12 million. Those funds, along with the monies resulting from a delivery of contracted drummed uranium, have helped UEC amass more than $110 million of cash, equity and inventory holdings, the company noted. That along with the fact the company has seen strong investor interest, put the company in a strong financial situation. Adnani noted that the company was using part of the funds to execute a physical uranium strategy with drummed uranium purchases at market prices that are below most producers cost of production. That strategic plan will help the company achieve three key objectives: strengthen its balance sheet, provide strategic inventory to support future marketing efforts, and increase the availability of the company’s Texas and Wyoming production capacity to pursue specific opportunities for uranium of U.S. origin. “UEC is ideally positioned to be the leading supplier of American mined uranium for the domestic utilities and the U.S. government,” said UEC CEO Amir Adnani in the article. “We control the largest resource base of fully permitted ISR projects in Texas and Wyoming of any U.S. based producer, ideally positioned to lead the resurgence in domestic uranium mining. We are investing to build the next generation of low-cost and environmentally friendly uranium projects that will be competitive on a global basis.”
To register for the conference, visit https://ibn.fm/5LFdF
To view the full press release, visit https://ibn.fm/zVCSd
About Uranium Energy Corp.
Uranium Energy is a U.S.-based uranium mining and exploration company. In South Texas, the company’s hub-and-spoke operations are anchored by the fully licensed Hobson Processing Facility, which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and a large, high-grade ferro-titanium project in Paraguay. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, please visit www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.