🧵 At a Glance
Uranium Energy Corp (NYSE: UEC) just released its Q1 FY25 (ended Jan 31, 2025) 10-Q filing, and it’s giving off strong “we’re betting it all on uranium futures” vibes. With over $200M in cash, no debt, and newly acquired projects in Wyoming and Paraguay, UEC is loading up for a long nuclear ride. But if you thought this was a boring mining company, think again — this is one of the most speculative uranium plays in the Western Hemisphere.
☢️ Company Snapshot
| Metric | Value |
|---|---|
| Name | Uranium Energy Corp (UEC) |
| Sector | Uranium Mining / Energy |
| Market Cap (as of Q1 end) | ~$1.8 Billion |
| Headquarters | Corpus Christi, Texas |
| Primary Mines | Wyoming, Texas, Paraguay |
💸 Revenue? Nope. But We Got Assets, Baby
UEC isn’t producing revenue from uranium sales. Yet. Instead, they’re stockpiling physical uranium like it’s post-apocalyptic toilet paper:
- No revenue
- from operations in Q1 FY25
- Instead, they capitalized ~$15M in expenses into asset development
- $206 million in cash + liquid uranium holdings
- Zero debt — which in mining world is like being a unicorn
And yes, their uranium inventory is held at book value, not market. So actual asset value might be higher.
🔍 Key Highlights from Q1 10-Q
| Item | Value / Detail |
|---|---|
| Net Loss | $8.1 million |
| Operating Expenses | $10.5 million (mostly G&A and exploration) |
| Cash & Equivalents | $54 million |
| Physical Uranium Inventory | $153 million (market value likely higher) |
| Debt | None |
| Property, Plant, Equipment | $126 million (up from $90M YoY) |
| Equity Raises | $20M (via ATM offering in Jan 2025) |
🌎 New Projects on the Map
UEC
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