Uranium Energy
Uranium Energy Corp is the largest U.S. uranium producer, using low-cost In-Situ Recovery mining in Wyoming and South Texas to sell U3O8 concentrate directly to nuclear power utilities and the U.S. government under an unhedged spot-market strategy.
- Company typePublic
- Founded2003
- HeadquartersCorpus Christi, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Uranium Energy does
Uranium Energy Corp (NYSE American: UEC) is the largest uranium producer in the United States, operating a hub-and-spoke In-Situ Recovery (ISR) mining model with approximately 12 million pounds per year of licensed production capacity concentrated in Wyoming and South Texas. ISR is a low-cost extraction method that circulates oxygenated groundwater through underground ore-bearing sandstone to dissolve uranium in place, eliminating the surface disturbance of conventional open-pit mining. The company operates two active ISR production platforms — Hobson (South Texas) and Irigaray/Christensen Ranch (Wyoming) — anchored by satellite projects including Palangana, Goliad, Burke Hollow, and Ludeman, and holds development and exploration assets in Canada (Roughrider, Saskatchewan), Paraguay (Yuty, Coronel Oviedo), Arizona, and New Mexico.
Revenue is generated by selling uranium concentrate (U3O8) directly to U.S. nuclear power utilities under a 100% unhedged spot-market strategy, with recent realized prices of approximately $85–$101 per pound against production costs of $46–$55 per pound. The company also holds 1.456 million pounds of low-enriched uranium as a strategic inventory asset. FY2025 revenue was $66.84 million, a 189% increase from FY2022, while the company reported a $87.66 million net loss driven by expansion spending. With $818 million in liquid assets, zero long-term debt, and a controlling stake in Anfield Energy (Shootaring Canyon Mill, Utah), UEC is positioned as the only U.S. company pursuing full vertical integration across the nuclear fuel cycle from ISR mining through refining and conversion.
Uranium Energy firmographics
Firmographics- Name
- Uranium Energy
- Legal name
- Uranium Energy Corp
- Website
- http://uraniumenergy.com
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Uranium Energy Corp is the largest U.S. uranium producer, using low-cost In-Situ Recovery mining in Wyoming and South Texas to sell U3O8 concentrate directly to nuclear power utilities and the U.S. government under an unhedged spot-market strategy.
- Ownership category
- akta.pro rank
Uranium Energy industry classification
Industry- Product category
- Uranium Mining
- NAICS
- Other Basic Inorganic Chemical Manufacturing (325180)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)
- akta.pro secondary industry
- Uranium Refining & Conversion (U3O8 to UF6/UO2) (EUAKACAC)
Keywords
Where Uranium Energy is headquartered
LocationHeadquarters
- HQ city
- Corpus Christi
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Uranium Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Uranium Concentrate Sales: Uranium Energy generates revenue through the sale of uranium concentrate (U3O8) produced from its ISR operations. The company operates a 100% unhedged strategy, selling uranium entirely at spot market prices rather than through long-term contracts, providing full exposure to commodity price movements. Recent sales include 200,000 pounds at $101/pound in Q2 FY2026.
- Uranium Production: Revenue generated from uranium extraction and processing at ISR facilities in Wyoming and South Texas, with production costs of approximately $46-55 per pound. Third-quarter production reached 32,195 pounds of uranium concentrate.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Uranium Energy product offering
Product offeringCore offering
Uranium Energy Corp acquires, explores and develops uranium mineral properties and operates in-situ recovery (ISR) uranium mines and processing facilities in the United States (South Texas hub, Wyoming hub). It produces and sells uranium concentrate (U3O8) directly to U.S. nuclear utilities and government entities through spot-market sales, and is pursuing full vertical integration into uranium refining and conversion via its United States Uranium Refining & Conversion Corp subsidiary.
Product overview
Uranium Energy Corp is America's largest and fastest growing uranium company, operating a hub-and-spoke production model with centralized processing facilities and satellite ISR (In-Situ Recovery) mining projects. The company controls the largest uranium resource base in the U.S., with approximately 12 million pounds per year of licensed production capacity across Wyoming and South Texas platforms. The product portfolio includes operational ISR mines (Burke Hollow, Christensen Ranch), processing facilities (Hobson Processing Facility, Irigaray Central Processing Plant), and development projects across multiple states and countries (Wyoming, Texas, Canada, Paraguay, Arizona, New Mexico). Through its wholly owned subsidiary United States Uranium Refining & Conversion Corp, the company is pursuing vertical integration to become America's only vertically integrated uranium fuel supplier from mining through refining and conversion. The company maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals.
Differentiator
Problem solved
Functional benefit
Products and services
- Burke Hollow ISR Uranium Project In-situ recovery uranium mine in South Texas producing uranium concentrate (U3O8) for nuclear fuel; estimated 6.15 million pounds U3O8 resources and the first new ISR mine permitted in the U.S. in over a decade.
- Christensen Ranch ISR Project In-situ recovery uranium production facility in Wyoming where UEC restarted and expanded operations with additional header houses approved for uranium extraction.
- Hobson Processing Facility Fully licensed and permitted central uranium processing facility in South Texas serving as the hub for the South Texas hub-and-spoke production strategy, processing U3O8 from nearby satellite ISR projects.
- Irigaray Central Processing Plant Central processing facility in Wyoming with licensed capacity of 4.0 million pounds of U3O8 annually, part of the company's Wyoming hub-and-spoke production platform.
- Palangana ISR Project First-production ISR uranium mine in South Texas undergoing ramp-up across multiple production areas (PAA-1, PAA-2, PAA-3).
- Roughrider Project World-class uranium development project in the Athabasca Basin, Saskatchewan, part of one of the most extensive land and resource portfolios in the region.
- Yuty ISR Project Large-scale ISR-amenable uranium project in southeastern Paraguay covering 230,650 hectares with NI 43-101 Measured and Indicated resources of 8.9 million pounds U3O8.
- Coronel Oviedo Project 247,000-acre uranium property in Paraguay with extensive drilling programs targeting ISR-amenable mineralization similar to South Texas operations.
- Ludeman Project Next planned ISR facility in Wyoming where engineering programs have been completed, positioned as the next production facility after Christensen Ranch.
- United States Uranium Refining & Conversion Corp Wholly owned subsidiary pursuing domestic uranium refining and conversion capabilities as part of UEC's strategy to become America's only vertically integrated uranium fuel supplier from mining through refining and conversion.
- Sweetwater Uranium Complex Acquired Wyoming uranium complex including the Sweetwater mill, expanding UEC's licensed production capacity to approximately 12 million pounds per year.
Quantifiable outcome
- 12 million pounds per year licensed production capacity
- +3 more outcomes
Companies that use Uranium Energy
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Uranium Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Uranium Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Anfield EnergycoreUEC acquired a controlling stake in Anfield Energy, gaining access to the Shootaring Canyon Mill in Utah—one of the few licensed conventional uranium mills in the U.S. The acquisition supports UEC's strategy to become America's sole vertically integrated uranium producer.
- Rio Tinto (Sweetwater Assets)coreUEC acquired Rio Tinto's Sweetwater uranium assets for $175 million, including the Sweetwater mill in Wyoming, expanding UEC's production capacity and securing additional processing infrastructure.
- UEX CorporationminorUEC completed acquisition of certain assets from UEX Corporation, expanding its Canadian portfolio including interests in the Shea Creek project operated by Orano Canada Inc.
- Uranium One AmericascoreUranium Energy completed acquisition of Uranium One Americas for $112 million plus additional costs, becoming the largest uranium mining company in the U.S. The acquisition doubled UEC's production capacity and added significant projects and resources in Wyoming and South Texas.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Uranium Energy competitors and assessment
Company assessmentBroad incumbents
- Cameco Corporation: World's largest publicly traded uranium producer, operating tier-one assets in the Athabasca Basin (Cigar Lake, McArthur River) and downstream conversion (Port Hope). Closest U.S. peer in product and target market; UEC's vertical integration ambition mirrors Cameco's mine-to-conversion model at smaller scale.
- Paladin Energy Ltd. Australia-listed uranium producer restarting the Langer Heinrich mine in Namibia. Both are western-aligned uranium producers with multi-jurisdictional asset portfolios and exposure to nuclear renaissance tailwinds; Paladin is a more established operating peer.
- Kazatomprom: World's largest uranium producer, Kazakhstan state-owned, controlling ~40% of global primary production. While ISR-focused and dominant in volume, Kazatomprom is the global price-setter whose output decisions directly influence UEC's spot-market economics.
Direct peers
- Energy Fuels Inc. U.S.-based uranium and rare earth elements producer with the White Mesa Mill in Utah (only conventional uranium mill operating in the U.S.). Both companies pursue U.S. uranium self-sufficiency and now processing diversification (REE, vanadium); Energy Fuels is UEC's most direct U.S. competitor post-Shootaring Canyon/Anfield acquisition.
- Denison Mines Corp. Canadian uranium developer focused on ISR-amenable projects in the Athabasca Basin (Wheeler River). Both companies target ISR uranium production in North America and pursue tier-one Athabasca assets, making Denison a key comparable for UEC's Canadian Roughrider/Shea Creek portfolio.
- enCore Energy Corp. U.S. ISR uranium producer operating the Rosita and Alta Mesa uranium ISR projects in South Texas. Directly comparable to UEC's South Texas hub-and-spoke strategy, both companies leveraging ISR technology in the same geographic region with the same customer base.
- Peninsula Energy Limited: ISR-focused uranium producer with operations at Lance Project in Wyoming. Peninsula and UEC both employ ISR uranium extraction in Wyoming, sell to U.S. utilities, and pursue production ramp-up strategies in the same geographic basin.
- Boss Energy Limited: Australian-listed ISR uranium producer operating the Honeymoon mine in South Australia. Both companies are pure-play ISR uranium producers, share similar cost structures, and sell to global utilities seeking western-aligned uranium supply.
Emerging players
- NexGen Energy Ltd. Developer of the high-grade Arrow uranium deposit in the Athabasca Basin. While NexGen is in pre-production versus UEC's operating status, both are building North American uranium resources; NexGen's market cap and resource size provide a benchmark for UEC's Canadian asset valuation.
Others
- Uranium Royalty Corp. Uranium-focused royalty and streaming company; UEC holds an ~18.4% stake following a $40M subscription in May 2026. Comparable as a uranium-focused vehicle with overlapping asset interests (Sweetwater), but operates a royalty model rather than production.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Uranium Energy social profiles
Digital presenceUranium Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Uranium Energy leadership team
Management profileNumber of profiles
Profiles9 records
Uranium Energy subsidiaries and ownership
Company hierarchySubsidiaries4 records
Uranium Energy funding detail
Funding detailFunding overview
Funding rounds13 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Uranium Energy M&A and investment
M&A and investmentM&A2 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Uranium Energy
What does Uranium Energy do?
Uranium Energy Corp acquires, explores and develops uranium mineral properties and operates in-situ recovery (ISR) uranium mines and processing facilities in the United States (South Texas hub, Wyoming hub). It produces and sells uranium concentrate (U3O8) directly to U.S. nuclear utilities and government entities through spot-market sales, and is pursuing full vertical integration into uranium refining and conversion via its United States Uranium Refining & Conversion Corp subsidiary.
Is Uranium Energy a public or private company?
Uranium Energy is a public company. It is classified as public and is currently operating.
When was Uranium Energy founded?
Uranium Energy was founded in 2003. It employs 101 to 250 people.
Where is Uranium Energy based?
Uranium Energy is headquartered in Corpus Christi, United States, in the North America region.
How does Uranium Energy make money?
Two revenue lines are on record. Uranium Concentrate Sales are the primary driver. The others are uranium Production.
Who are Uranium Energy's main competitors?
Broad incumbents on record are Cameco Corporation, Paladin Energy Ltd. and Kazatomprom. Direct peers are Energy Fuels Inc., Denison Mines Corp., enCore Energy Corp., Peninsula Energy Limited and Boss Energy Limited. NexGen Energy Ltd. is listed as an emerging player. Uranium Royalty Corp. is listed as an others.
Does Uranium Energy have an API?
No public API is recorded for Uranium Energy.
What industry is Uranium Energy in?
Uranium Energy's product category is Uranium Mining. Its primary akta.pro industry code is EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production), with a secondary code of EUAKACAC, Uranium Refining & Conversion (U3O8 to UF6/UO2). Its NAICS code is 325180 and its SIC code is 1000.