Uranium Energy Corp (NYSE American: UEC) announced it has received approval from the Texas Commission on Environmental Quality and commenced production at its Burke Hollow project in Texas. This marks the first new in-situ recovery (ISR) uranium operation in the United States in over a decade, according to a press release from Rocks & Stocks.
The startup at Burke Hollow, combined with recent expansion approvals at its Christensen Ranch operations in Wyoming, positions UEC as the only U.S. uranium company with two active ISR hub-and-spoke platforms. The company is advancing a scalable domestic production strategy supported by a large resource base and growing policy support for the U.S. nuclear fuel supply chain.
Uranium Energy Corp is America’s largest and fastest growing supplier of uranium needed for nuclear energy. The company is advancing next-generation, low-cost, environmentally friendly ISR mining projects in the United States and high-grade conventional projects in Canada. It operates three hub-and-spoke platforms in South Texas and Wyoming with a combined licensed production capacity of 12.1 million pounds U3O8 per year. These platforms are anchored by licensed central processing plants (CPPs) and served by multiple U.S. ISR uranium projects.
In August 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium-loaded resin to the Irigaray CPP. The company also holds a diversified portfolio including a conventional pipeline of high-grade Canadian projects anchored by the Roughrider project, one of the largest physical uranium portfolios of U.S. warehoused U3O8, and a major equity stake in Uranium Royalty Corp.
For more details, the full press release is available at https://ibn.fm/yw1uh. Additional information about UEC can be found in the company’s newsroom at https://ibn.fm/UEC.
The resumption of domestic uranium production comes amid increasing policy support for nuclear energy as a clean and reliable power source. UEC’s dual-platform strategy enhances its ability to supply uranium to the growing U.S. nuclear fleet, reducing reliance on foreign imports.
