Uranium Energy Corp. Files 2024 10-K

Ticker: UEC · Form: 10-K · Filed: Sep 27, 2024 · CIK: 1334933

Uranium Energy CORP 10-K Filing Summary
FieldDetail
CompanyUranium Energy CORP (UEC)
Form Type10-K
Filed DateSep 27, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$7.64, $0.001, $1.5 million
Sentimentneutral

Sentiment: neutral

Topics: 10-K, financials, uranium, acquisition

TL;DR

UEC's 2024 10-K shows $410M assets, $378M liabilities. U1A acquisition working capital detailed.

AI Summary

Uranium Energy Corp. filed its 10-K for the fiscal year ending July 31, 2024. The company reported total assets of $410,355,768 and total liabilities of $378,452,864. Key components of their working capital at the time of the U1A Acquisition included $1,183 in cash and cash equivalents and $192 in inventories.

Why It Matters

This filing provides a detailed financial snapshot of Uranium Energy Corp.'s operations and assets for the past fiscal year, crucial for investors assessing the company's financial health and future prospects.

Risk Assessment

Risk Level: medium — The company operates in the volatile uranium mining sector, which is subject to significant price fluctuations and regulatory changes.

Key Numbers

Key Players & Entities

FAQ

What was Uranium Energy Corp.'s total revenue for the fiscal year ending July 31, 2024?

The provided text does not contain information on total revenue for the fiscal year ending July 31, 2024.

What is the company's net income or loss for the fiscal year ending July 31, 2024?

The provided text does not contain information on net income or loss for the fiscal year ending July 31, 2024.

What were the specific details of the U1A Acquisition mentioned in the filing?

The filing mentions a working capital adjustment related to the U1A Acquisition, comprising cash, prepaid expenses, other current assets, and inventories, but does not detail the acquisition itself.

What is the company's primary business activity as described in the 10-K?

The company is classified under 'MISCELLANEOUS METAL ORES [1090]' and is involved in uranium energy.

What is the company's state of incorporation?

Uranium Energy Corp. is incorporated in Nevada (NV).

Filing Stats: 4,578 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2024-09-26 20:36:27

Key Financial Figures

Filing Documents

Business

Item 1. Business 2

Risk Factors

Item 1A. Risk Factors 11

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 18

Cybersecurity

Item 1C. Cybersecurity 19

Description of Properties

Item 2. Description of Properties 21

Legal Proceedings

Item 3. Legal Proceedings 101

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 101 PART II 102

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 102

Selected Financial Data

Item 6. Selected Financial Data 104

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 104

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 114

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 114

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 115

Controls and Procedures

Item 9A. Controls and Procedures 115

Other Information

Item 9B. Other Information 115

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 115 Part III 116

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 116

Executive Compensation

Item 11. Executive Compensation 124

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 148

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 150

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 150 Part IV 152

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 152

Form 10-K Summary

Item 16. Form 10-K Summary 156 1 Table of Contents PART I

Business

Item 1. Business Uranium Energy Corp. is a fast growing, uranium mining company listed on the NYSE American. UEC is working towards fueling the global demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. UEC is a pure-play uranium company and is advancing its next generation of low-cost, in-situ recovery ("ISR") mining uranium projects, and which ISR mining process is expected to reduce the impact on the environment as compared to conventional mining. The Company has two extraction ready ISR hub and spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational processing capacity at its Hobson and Irigaray plants. UEC also has seven U.S. ISR uranium projects with all of their major permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and the Republic of Paraguay. We believe nuclear energy will continue to be an important part of the energy transition and the energy mix of a future low carbon economy. As such, we are focused on scaling our business to meet the future energy needs for nuclear in the U.S. and globally. Corporate Organization Uranium Energy Corp. was incorporated under the laws of the State of Nevada on May 16, 2003 under the name Carlin Gold Inc. During 2004 we changed our business operations and focus from precious metals exploration to uranium exploration in the United States. On January 24, 2005, we completed a reverse stock split of our common stock on the basis of one share for each two outstanding shares and amended our Articles of Incorporation to change our name to Uranium Energy Corp. Effective February 28, 2006, we completed a forward stock split of our common stock on the basis of 1.5 shares for each outstanding share and amended our Articles of Incorporation to increase our authorized capital from 75,000,000 shares of common stock, with a par value of $0.001 per share, to 750,000,000 shares of common

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