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.
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Uranium Energy Corp. May Have Too Much Exposure To The Spot Market