Uranium Energy Corp.
UEC 6.5Price and target zones价格与目标区间
Near the buy zone接近买入区间
What the company does公司做什么
Uranium Energy Corp mines uranium in the United States. Electricity companies buy uranium to fuel nuclear power stations. The company earns little today. Its value depends on the uranium price and on production starting as planned.Uranium Energy Corp在美国开采铀。电力公司买铀来给核电站作燃料。这家公司目前赚得很少。它的价值取决于铀价，以及生产能否如期开始。
Earns from营收来源 sales of uranium concentrate, usually under contracts with electricity companies.来自铀精矿的销售，通常是与电力公司签的合同。
Read the full description查看完整介绍
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates properties in the United States, Canada, and the Republic of Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. The company was incorporated in 2003 and is headquartered in Corpus Christi, Texas.
What the company sells公司卖什么
The company does not dig a pit. It pumps a liquid into the ore body underground, the liquid dissolves the uranium, and pumps bring the liquid back to the surface. This method costs less and disturbs less ground than conventional mining, but it works only where the geology suits it.公司不挖矿坑。它把一种液体泵入地下的矿体，液体溶解铀，再用泵把液体抽回地面。这种方法比传统采矿成本更低、对地面的扰动更小，但只有在地质条件合适的地方才行得通。
- Licensed capacity获批产能
- About 12 million pounds a year, the largest licensed in-situ capacity in the United States.每年约1200万磅，是美国最大的获批原地浸出产能。
- Burke Hollow, Texas得克萨斯州 Burke Hollow
- In production.已投产。
- Wyoming and South Texas hubs怀俄明州和南得克萨斯枢纽
- Central plants that process ore from several nearby sites.处理附近几个矿点矿石的中心工厂。
Roadmap路线图 US uranium production ramp美国铀矿生产爬坡
- Wyoming ISR restart怀俄明州 ISR 重启
UEC restarted in-situ recovery (ISR) production at Christensen Ranch in Wyoming on 6 August 2024. The Irigaray Central Processing Plant is the hub and has a licensed capacity of 2.5 million pounds U3O8 per year.UEC 于 2024 年 8 月 6 日在怀俄明州的 Christensen Ranch 重启原地浸出（ISR）生产。Irigaray 中央处理厂为枢纽，持牌产能为每年 250 万磅 U3O8。
- Sweetwater acquisition收购 Sweetwater
UEC completed the purchase of Rio Tinto's Sweetwater Plant and Wyoming uranium assets for approximately $175.4 million on 6 December 2024. This added a third US hub and 4.1 million pounds U3O8 per year of licensed capacity.UEC 于 2024 年 12 月 6 日以约 1.754 亿美元完成收购力拓（Rio Tinto）的 Sweetwater 工厂及怀俄明州铀资产。此举增加了第三个美国枢纽和每年 410 万磅 U3O8 的持牌产能。
- First drummed yellowcake首批装桶黄饼
In February 2025, the Irigaray plant produced its first dried and drummed uranium concentrates since the restart. This was the first finished yellowcake from the new production ramp.2025 年 2 月，Irigaray 工厂生产出重启以来首批烘干并装桶的铀精矿。这是本轮生产爬坡的首批成品黄饼。
- Physical inventory built建立实物库存
As of 31 July 2025, UEC held 1,356,000 pounds of U3O8 in inventory. This excluded approximately 130,000 pounds of new Wyoming production.截至 2025 年 7 月 31 日，UEC 持有 1,356,000 磅 U3O8 库存。此数字不包括约 130,000 磅新增怀俄明州产量。
- Texas hub restart德州枢纽重启
UEC began ISR production at Burke Hollow in South Texas on 8 April 2026, after approval from the Texas Commission on Environmental Quality. The Hobson Central Processing Plant processes this output and is licensed for up to 4 million pounds per year.在获得德克萨斯州环境质量委员会批准后，UEC 于 2026 年 4 月 8 日在南德州的 Burke Hollow 开始 ISR 生产。Hobson 中央处理厂处理这些产量，持牌产能最高达每年 400 万磅。
- US conversion facility美国转化设施target目标
UEC plans a US uranium conversion facility through its subsidiary UR&C. The NRC gave a docket number on 18 March 2026. The formal license application comes next, after engineering with Fluor and site selection. This target is management guidance, not a guarantee.UEC 计划通过子公司 UR&C 建设美国铀转化设施。NRC 于 2026 年 3 月 18 日给予立案编号。在与 Fluor 完成工程设计并选址后，将提交正式许可申请。此目标为管理层指引，并非保证。
- Multi-hub ramp多枢纽爬坡target目标
UEC aims to increase output across its Wyoming and South Texas hubs toward its approximately 12 million pounds per year of licensed capacity. The ramp is a forward target and depends on the uranium price and operations. This is management guidance, not a guarantee.UEC 计划在其怀俄明州和南德州枢纽之间提高产量，朝约每年 1,200 万磅的持牌产能迈进。该爬坡为前瞻性目标，取决于铀价与运营情况。此为管理层指引，并非保证。
Company facts公司资料
- Founded成立时间
- 2003
- Headquarters总部
- Corpus Christi, Texas
- Employees员工人数
- 171
- Industry行业
- Uranium
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
👀 NEARLY IN ZONE — pulled back to ~5% above the top edge (was +29% at the $13.56 spike). Zone $8.50-10.50. Largest licensed US ISR uranium capacity (12M lbs/yr), $794M liquid assets, zero debt, Burke Hollow ramping since 4/8/26 + Christensen Ranch wellfield adds.
Jefferies initiated Buy (9/3). The "de-rating" is a mania round-trip — vs its true baseline it's +17% since June, not crushed; spot flat ~$89, term price record ~$96. Strong buy $7-8.50. Trim $15+. Pairs with LEU (mine→enrichment).
接近区间——回落至比上沿高约 5%（在 $13.56 的高点时曾高出 29%）。 区间 $8.50-10.50。 美国最大的持牌 ISR 铀产能（1200 万磅/年），$794M 流动资产，零负债，Burke Hollow 自 4/8/26 起爬产，并新增 Christensen Ranch 井场。 Jefferies 于 9/3 首次给予买入。 所谓“重估下杀”只是一轮狂热的往返——相对其真实基线，自 6 月以来 +17%，并非被压垮；现货持平约 $89，长约价格创纪录约 $96。 强力买入 $7-8.50。 减持 $15+。 与 LEU 配对（采矿→浓缩）。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- -9%
Competitors竞争对手
Why customers stay客户为什么留下
A United States mining licence takes many years to obtain, so new supply cannot appear quickly. Electricity companies and the United States government both want fuel that does not come from Russia or Kazakhstan, and that preference favours a domestic producer.在美国拿到一张采矿牌照要花很多年，所以新的供应没办法很快出现。电力公司和美国政府都想要不来自俄罗斯或哈萨克斯坦的燃料，这种偏好对一家本土生产商有利。
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