Wednesday, September 24, 2025

Uranium Energy Corp Reports Fiscal 2021 Results: 4.1 Million Uranium Pounds Warehoused, $14.8 Million Net Loss

Uranium Energy Corp (NYSE: UEC) filed its annual report for the fiscal year ended July 31, 2021. The firm ended with a net loss for the year amounting to $14.8 million, marginally higher than 2020’s $14.6 million net loss.

On the other hand, the company has expanded its physical portfolio of US-warehoused uranium to 4.1 million pounds. This results in an average cost of $32 per uranium pound versus the latest spot price of $47 per pound.

“The prices we pay are fixed under all of our agreements with various delivery dates through December 2025,” said UEC CEO Amir Adnani. “As of today, we have taken delivery of 1.2 million pounds and the remainder of our future deliveries are fully funded, either from cash and liquid assets on our balance sheet, or by virtue of being in-the-money.”

The firm also ended the year with $44.3 million in cash, cash equivalents, and restricted cash starting from a balance of $7.0 million. The influx of cash is primarily due to a $95.4 million net proceeds from share issuances. This puts the balance of the current assets at $75.0 million while current liabilities came in at $13.3 million.

The firm also indicated that as of October 26, 2021, its cash position has grown to $96.4 million, while cash and liquid assets totals out at $235.4 million.

Uranium Energy Corp last traded at $3.76 on the NYSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Pure Silver Play Delivers 700% in a Gold Bull Market! | Arturo Préstamo – Santacruz Silver

Why This Silver Run Is Different?! |  Mani Alkhafaji – First Majestic

It’s a Great Time to Be Building a Gold Project | Martino De Ciccio – Montage Gold

Recommended

Ontario MPP Removed From Caucus After Assault Charges

Antimony Resources Commences 6,000 Metre Phase Two Drill Program At Bald Hill Antimony Project

Related News

Uranium Energy Corp Closes $12 Million Financing

Uranium Energy Corp (NYSE: EUC) this morning announced the closing of a registered direct offering....

Friday, April 9, 2021, 07:20:50 AM

Uranium Energy Corp To Restart Production At Christensen Ranch ISR Operation

Uranium Energy Corp (NYSE: UEC) is restarting uranium production in Wyoming amid heightened uranium prices....

Tuesday, January 16, 2024, 07:53:48 AM

Uranium Energy Corp Closes Uranium One Americas $112 Million Acquisition

Uranium Energy Corp (NYSE: UEC) announced this morning the closing of its previously announced acquisition of...

Monday, December 20, 2021, 09:35:00 AM

Uranium Energy Corp Increases Burke Hollow Resource To 6.16 Million Pounds U3O8 M&I

Uranium Energy Corp (NYSE: UEC) has expanded its uranium mineral resources at its Burke Hollow...

Thursday, June 13, 2024, 08:56:26 AM

Uranium Energy Closes On Purchase Of UEX Corp

It appears the battle over UEX Corp (TSX: EUX) between Uranium Energy (NYSE: UEC) and...

Monday, August 22, 2022, 08:44:28 AM