- The company has the largest resource base of fully permitted in situ recovery uranium projects in the USA.
- However, resources are low and the key financial figures for its main projects look terrible at today’s uranium prices.
- Uranium Energy Corp. is bleeding money and I think its assets are close to worthless at the moment.
- The main risk for the bear thesis is a disconnect between uranium prices and the share prices of uranium miners, which emerged around the start of December.
For further details see:
Uranium Energy Corp. Also Can't Make American Uranium Great Again