UEC restarts Christensen Ranch mine, expands capacity to 4M lbs, signs Rio Tinto deal

URANIUM ENERGY CORP

Restarted Christensen Ranch ISR mine; resin transport to Irigaray plant begun; drummed concentrate expected early 2025.
Expanded Irigaray Plant licensed capacity to 4.0M lbs U3O8/year; construction started at Burke Hollow Ion Exchange Facility.
Roughrider IEA shows post-tax NPV $946M, 40% IRR, 1.4-year payback, 6.8M lbs/year average production.
Agreed to acquire 100% of Rio Tinto's Sweetwater Plant and Wyoming projects with ~175M lbs historic resources.
Sold 210k lbs U3O8 at $81.37/lb; gross profit $6.3M. Inventory 1.256M lbs valued at $100.5M. Liquid assets >$350M, no debt.

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