Uranium Energy Corp. Shares Drop Amid Strategic Supply Chain Expansion
Uranium Energy Corp. (UEC) shares fell 8.26% to $12.81 despite reporting operational milestones in its Q1 2026 results. The company solidified its position as the sole integrated U.S. uranium supplier, with projects in Wyoming and Texas advancing its in-situ recovery (ISR) capabilities. A refurbished processing plant handled 49,000 pounds of U3O8, while unhedged inventory grew ahead of a pivotal Section 232 decision.
Financial resilience marked the quarter—$698 million in liquidity and zero debt—as UEC positioned itself at the center of America's nuclear supply chain. Production costs held at $34.35 per pound, underscoring the efficiency of ISR methods. The launch of UR&C further consolidates control over mining, processing, and future refining.
