Uranium Energy Extracts More Uranium at Lower Costs

Uranium Energy extracts uranium in Wyoming and Texas and develops additional deposits in the USA and Canada. In its US mines, the company pumps a solution through uranium-bearing rock layers. The dissolved uranium is brought to the surface through production wells and processed into concentrate. The company also generates revenue from the sale of previously purchased uranium inventories. So far, it has retained a large portion of its reserves and has opted against price hedging. If uranium prices rise, the company can sell its inventories at higher...