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UEC-News
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Uranium Energy Shares Decline
Uranium Energy is down…
Uranium Energy Shares Drop 9.2% to $11.98
Uranium Energy is down -9.2%, or -$1.22 to $11.98.
Uranium Energy Receives Approval and Launches Burke Hollow Project in Texas
Uranium Energy announced it has received approval from the Texas Commission on Environmental Quality and commenced production at its Burke Hollow project, the world's newest in-situ recovery uranium mine and the first new U.S. ISR operation in over a decade. Combined with recent capacity expansion approvals at Christensen Ranch in Wyoming, UEC continues to scale its U.S. production base and is the only U.S. uranium company with two active producing ISR hub-and-spoke platforms.
Uranium Energy Secures Regulatory Approval, Increases Production Capacity
Uranium Energy announced it has secured state regulatory approval and commenced operating three additional header houses in wellfield 11 at Christensen Ranch. One additional header house is awaiting regulatory approval, and three more are under construction in wellfield 12 and 10-extension. The three new header houses and continued wellfield development at Christensen Ranch will result in increased production capacity in Wyoming. In South Texas, the Burke Hollow mine is ready for operations and awaiting final approval from the Texas Commission on Environmental Quality that will enable its startup. Taken together, the company's Wyoming and Texas operations, including recent approvals and ongoing construction, are expected to drive significant production expansion.
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