UEC transitions to uranium producer with initial 130k lbs, $66.8M revenue, $321M cash and no debt

URANIUM ENERGY CORP

Initial production ramp-up of ~130,000 lbs precipitated and dried U3O8; Total Cost $36.41/lb, Cash Cost $27.63/lb.
Revenue $66.8M from 810,000 lbs sold at avg $82.52/lb; gross profit $24.5M; balance sheet $321M cash/inventory/equities, no debt.
Sweetwater acquisition from Rio Tinto for $175M adds ~175M lbs historic resources; third U.S. hub-and-spoke platform.
Burke Hollow 90% complete; construction completion by Nov 2025, operational start-up Dec 2025.
Launched UR&C subsidiary to pursue uranium refining and conversion; aims for vertical integration.

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