TLDR
UEC stock rose over 11%, trading at $6.34 as of June 3, 2025. Q3 net loss reported at $30.2 million or $0.06 per adjusted share. Major progress on U.S. uranium projects including Burke Hollow and Sweetwater. BMO Capital initiated coverage with an outperform rating and $7.75 target. Company holds $271 million in cash, inventory, and equities, with no debt.Uranium Energy Corp (NYSE: UEC) surged over 11% to $6.34 following a quarterly update showing strong operational progress across several major U.S. uranium initiatives.
Despite reporting a Q3 net loss of $30.2 million, or $0.06 per adjusted share, investors responded positively to the company’s developmental momentum and financial positioning.
Key project milestones include the commissioning of the first new mine unit at Christensen Ranch in Wyoming and significant construction progress at Burke Hollow in South Texas. Equipment installation is complete at the satellite ion exchange plant, and work has started on a disposal well, indicating forward movement in South Texas operations.
In Wyoming’s Great Divide Basin, UEC continues developing its Sweetwater production hub, supported by a forthcoming Technical Report Summary expected by the end of fiscal 2025. This hub will be central to a low-capital-intensity “hub-and-spoke” model.
$UEC Q3: $271m cash, no debt. 1.36m lbs U3O8 inventory ($96.6m). New mine online at Christensen Ranch, Burke Hollow construction ongoing, Sweetwater hub developing. 100+ US employees.
PR: https://t.co/vUIE0mSCOX pic.twitter.com/7La5qcBlKC
— FwdQuarter (@FwdQuarter) June 3, 2025
Roughrider and Workforce Expansion
UEC also launched a Pre-Feasibility Study for its Roughrider project. Metallurgical test work has already advanced significantly, with bulk solvent extraction and yellowcake precipitation completed. The company is on track to produce a formal S-K 1300 report.
Meanwhile, the firm has expanded its technical team, with over 100 employees now supporting operations in Texas and Wyoming. New hires span geology, metallurgy, operations, and supply chain management.
Financial Strength and Market Outlook
As of May 30, 2025, Uranium Energy Corp holds $271 million in cash, equities, and uranium inventory, with no debt. Its physical uranium program includes 1,356,000 pounds of U₃O₈ valued at $96.6 million. Another 300,000 pounds are secured at $37.05 per pound via contracts scheduled for delivery in December.
In a show of growing demand for U.S.-origin uranium, UEC signed an MoU to supply Radiant Industries, a microreactor company preparing for testing at the Idaho National Laboratory.
BMO Capital Bullish on Outlook
BMO Capital initiated coverage with an outperform rating and a $7.75 price target. Analysts cited UEC’s North American-focused portfolio, clean balance sheet, and low-capital-intensity model as strategic advantages. With a strong current ratio of 10.11 and an agile marketing strategy that aligns sales with spot market prices, the company is well-positioned for revenue growth.
Despite recent underperformance, UEC shares are down 10.37% over the past year. The company boasts a 522% five-year return, underlining its long-term growth potential. Expectations for a rising uranium price environment could further benefit the company’s bottom line.
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