Uranium Energy Corp. Begins Production at Burke Hollow, Strengthening U.S. Nuclear Fuel Supply Chain

Uranium Energy Corp. (NYSE American: UEC) reported fiscal third-quarter 2026 results that highlight the commencement of production at the Burke Hollow in-situ recovery (ISR) project in South Texas. The company describes Burke Hollow as the largest greenfield ISR uranium project to enter production in the United States in more than a decade. This milestone underscores UEC's expanding role in domestic uranium production and its efforts to build a secure nuclear fuel supply chain.

UEC also reported a debt-free balance sheet with $794 million in liquid assets, providing financial flexibility to support ongoing operations and development. The company is advancing production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects. These initiatives are part of UEC's strategy to become America's largest and fastest-growing uranium company, controlling the largest uranium resource base and the most licensed production capacity in the U.S., totaling approximately 12 million pounds per year across Wyoming and South Texas platforms.

Uranium Energy is continuing to build what it describes as America's only vertically integrated uranium fuel supply chain. Progress includes work at its planned uranium conversion facility through United States Uranium Refining & Conversion Corp. The company highlighted federal support for domestic nuclear fuel development through the Department of Energy's “Nuclear Dominance – 3 by 33” initiative, which aims to strengthen the U.S. nuclear fuel cycle. This policy backing is critical as the U.S. seeks to reduce reliance on foreign uranium sources and bolster energy security.

Internationally, UEC noted continued advancement of its Roughrider uranium project in Saskatchewan, Canada, and its Alto Paraná titanium and vanadium project in Paraguay. The Roughrider project is part of the company's extensive land and resource portfolio in the Athabasca Basin, one of the world's richest uranium regions. These projects provide geographic diversification and additional growth potential.

The commencement of production at Burke Hollow is significant for the U.S. nuclear industry, which faces challenges in securing domestic uranium supply. With UEC's unhedged uranium strategy, the company maintains full exposure to uranium market fundamentals, which could benefit from rising demand for nuclear power as a clean energy source. The company's strong liquidity position and debt-free status also provide a buffer against market volatility.

Overall, UEC's progress at Burke Hollow and other operations reflects a broader push to revitalize U.S. uranium production and fuel cycle infrastructure, supported by federal initiatives and growing interest in nuclear energy as part of the clean energy transition.