Uranium Energy Corp Establishes Physical Uranium Initiative and Provides Balance Sheet Update
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$65.8 million in cash and equity holdings;
Establishing a physical uranium inventory to take advantage of spot purchases below most industry production costs, adding additional asset value to the balance sheet;
Uranium inventory will provide greater marketing flexibility for utilities, while freeing up UEC s domestic mine production for the U.S. Uranium Reserve, and other U.S. origin specific opportunities;
Entered into agreements totaling $10.9 million to purchase 400,000 pounds of uranium concentrates at ConverDyn in Metropolis, Illinois at a volume weighted average price of $27.29 per lb. U3O8;
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/PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) ("UEC" or the "Company") is pleased to announce that Spencer Abraham, UEC s Chairman and former United.
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