Uranium Energy Expands into Billion-Dollar Refining Market

Uranium Energy Corp has taken a decisive step in its evolution into a fully integrated uranium producer. The Texas-based company announced on September 2 the formation of a new subsidiary, United States Uranium Refining & Conversion Corp. (UR&C). This strategic initiative propelled the company’s shares to a record high of $11.40 as investors recognized its potential to address critical supply chain gaps in the domestic nuclear fuel cycle.

The newly established subsidiary represents an ambitious plan to construct America’s largest uranium refining and conversion facility. This would position Uranium Energy as the nation’s sole fully integrated uranium company, controlling the process from extraction to nuclear-ready fuel production.

Uranium Energy has partnered with engineering leader Fluor Corporation... Read more...