Uranium Energy Corp. Files 8-K
Ticker: UEC · Form: 8-K · Filed: Nov 8, 2024 · CIK: 1334933
| Field | Detail |
|---|---|
| Company | Uranium Energy CORP (UEC) |
| Form Type | 8-K |
| Filed Date | Nov 8, 2024 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $946 m, $150 m, $85, $545 million, $20.48 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 8-K, reporting
Related Tickers: UEC
TL;DR
UEC filed a standard 8-K, no major news.
AI Summary
Uranium Energy Corp. filed an 8-K on November 8, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits. The filing does not contain specific financial figures or material events beyond the standard reporting requirements for the date.
Why It Matters
This 8-K filing indicates routine corporate reporting by Uranium Energy Corp. to the SEC, without disclosing specific new material events.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report and does not contain information that suggests an immediate change in risk for the company.
Key Players & Entities
- Uranium Energy Corp. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- 001-33706 (identifier) — Commission File Number
- 98-0399476 (identifier) — IRS Employer Identification No.
- November 8, 2024 (date) — Date of Report
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing serves as a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting a Regulation FD Disclosure and Financial Statements and Exhibits.
What is the exact name of the registrant?
The exact name of the registrant is Uranium Energy Corp.
In which U.S. state is Uranium Energy Corp. incorporated?
Uranium Energy Corp. is incorporated in Nevada.
What are the U.S. and Canadian corporate headquarters addresses listed?
The U.S. corporate headquarters is listed as 500 North Shoreline, Ste. 800, Corpus Christi, Texas, U.S.A. 78401. The Canadian corporate headquarters is listed as 1830 – 1188 West Georgia Street, Vancouver, British Columbia, Canada V6E 4A2.
Does this filing disclose any specific new material events or financial figures?
No, this filing primarily indicates routine reporting for November 8, 2024, including Regulation FD Disclosure and Financial Statements and Exhibits, without detailing specific new material events or financial figures.
Filing Stats: 3,192 words · 13 min read · ~11 pages · Grade level 10.3 · Accepted 2024-11-08 17:00:16
Key Financial Figures
- $946 m — post-tax estimated net present value of $946 million, today ' s results underscore the
- $150 m — o acquire Roughrider from Rio Tinto for $150 million, consistent with our strategy to
- $85 — s based on a long-term uranium price of $85/lb U 3 O 8 and utilizing an 8% discount
- $545 million — bs U 3 O 8 . Initial capex estimated at $545 million including mill and underground mine. Se
- $20.48 — underground mine. See Table 2. AISC of $20.48/lb U 3 O 8 . See Table 3. Average Annu
- $395 million — and amortization ("Average EBITDA") of $395 million. See Table 4. - 2 - The Roughrider Pr
- $3,366 — ash Flow (undiscounted) ($ millions) $3,366 Pre-Tax NPV 8 ($ millions) $1,629
- $1,629 — $3,366 Pre-Tax NPV 8 ($ millions) $1,629 Pre-Tax IRR % 53% Pre-Tax Payback P
- $2,040 — 1.2 Post-Tax Cash Flow ($ millions) $2,040 Post-Tax NPV 8 ($ millions) $946
- $946 — $2,040 Post-Tax NPV 8 ($ millions) $946 Post-Tax IRR % 40% Post-Tax Payba
- $3.25 — Highlights * Mining $ / lb U 3 O 8 $3.25 Processing $ / lb U 3 O 8 $4.30 Su
- $4.30 — 8 $3.25 Processing $ / lb U 3 O 8 $4.30 Surface and G&A $ / lb U 3 O 8 $2.1
- $2.18 — 4.30 Surface and G&A $ / lb U 3 O 8 $2.18 Average LOM Operating Cost $ / lb U
- $9.72 — e LOM Operating Cost $ / lb U 3 O 8 $9.72 Royalties $ / lb U 3 O 8 $7.84 Of
- $7.84 — 8 $9.72 Royalties $ / lb U 3 O 8 $7.84 Offsite Charges $ / lb U 3 O 8 $0.2
Filing Documents
- uec20241108_8k.htm (8-K) — 140KB
- ex_745010.htm (EX-99.1) — 125KB
- fig01.jpg (GRAPHIC) — 190KB
- fig02.jpg (GRAPHIC) — 138KB
- fig03.jpg (GRAPHIC) — 68KB
- fig04.jpg (GRAPHIC) — 303KB
- image01.jpg (GRAPHIC) — 8KB
- 0001437749-24-034229.txt ( ) — 2299KB
- uec-20241108.xsd (EX-101.SCH) — 3KB
- uec-20241108_def.xml (EX-101.DEF) — 11KB
- uec-20241108_lab.xml (EX-101.LAB) — 15KB
- uec-20241108_pre.xml (EX-101.PRE) — 11KB
- uec20241108_8k_htm.xml (XML) — 3KB
01
Item 7.01 Regulation FD Disclosure On November 8, 2024, Uranium Energy Corp. (the "Company" or "UEC") issued a news release to report the filing of an initial assessment technical report summary that includes an economic analysis and mineral resource estimate for its 100% owned Roughrider Project, located in Northern Saskatchewan, Canada. All currency references are in United States dollars. Amir Adnani, President, and CEO stated: " This Initial Economic Assessment marks a pivotal milestone for Roughrider, validating it as a top-tier, high-margin operation with a clear path to development into a world-class mine and mill. With a post-tax estimated net present value of $946 million, today ' s results underscore the strength of our 2022 decision to acquire Roughrider from Rio Tinto for $150 million, consistent with our strategy to acquire accretive assets at opportune points in the uranium price cycle. Key competitive advantages that position Roughrider as an elite underground development project include: 1) high grade operation with 2.36% U 3 O 8 Life of Mine feed grade, 2) one of the lowest capex profiles in Canada and 3) location in the Eastern Athabasca Basin, where future development will benefit from proximity to power, roads, and the Points North Landing airport and construction facility. Additionally, we see significant potential for further value creation as we advance the project through the prefeasibility stage, supported by recent exploration drill results and the discovery of the Roughrider North Deposit. Roughrider is poised to benefit from uranium and nuclear energy ' s growing prominence to address North America ' s rising electricity demand for safe, reliable, economic, and clean energy sources. Given UEC ' s capabilities as an established uranium producer, we are uniquely positioned to leverage our operational expertise and financial strength to advance and de-risk Roughrider, maximizing value for our shareholders, stakeholders
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.1 News Release dated November 8, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document). __________ - 12 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. URANIUM ENERGY CORP. DATE: November 8, 2024. By: /s/ Josephine Man Josephine Man, Chief Financial Officer, Treasurer and Secretary __________ - 13 -