Uranium Energy Reports Startup Of Uranium Production At Its Past-Producing Christensen Ranch In-Situ Recovery Operations In Wyoming
Portfolio Pulse from Benzinga Newsdesk
Uranium Energy Corp (UEC) has announced the startup of uranium production at its past-producing Christensen Ranch In-Situ Recovery Operations in Wyoming. The first shipment of yellowcake is expected in November or December 2024, aligning with the company's fiscal Q2 ending January 31, 2025.
August 13, 2024 | 10:19 am
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Uranium Energy Corp (UEC) has initiated uranium production at Christensen Ranch, with the first shipment expected in late 2024. This development is likely to positively impact UEC's revenues and stock price in the short term.
The startup of uranium production at Christensen Ranch is a significant operational milestone for UEC. The anticipated first shipment of yellowcake in late 2024 suggests an upcoming revenue stream, which is likely to boost investor confidence and positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100