UEC launches UR&C subsidiary to develop largest US uranium refining and conversion facility

URANIUM ENERGY CORP

Wholly owned subsidiary UR&C aims to build ~10,000 MtU/yr UF6 plant, covering over half of US demand (18,000 MtU/yr).
Building on a year of engineering with Fluor Corporation (AACE Class 5 study completed); first-mover advantage cited.
Project aligns with Trump executive orders to quadruple US nuclear capacity to 400 GW by 2050 and DPA onshoring.
Conversion spot price near all-time high at $64-66/kgU; long-term ~$52/kgU, indicating undersupplied market.
Project contingent on engineering studies, government commitments, utility contracts, and regulatory approvals.

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