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CA - Uranium Energy Corp. May Have Too Much Exposure To The Spot Market
CA Inc.
2024-05-14 15:01:21 ET
Summary
Uranium Energy Corp. continues to build uranium inventories despite the strong uranium spot market.
The company plans to restart two mines in August 2024 and intends to sell uranium at spot prices and through a contract with the Department of Energy at a 20% premium.
Shareholders face continuous dilution as the firm has doubled their share count in the last two years. UEC may seek additional equity raises if production does not meet expectations.