- UEC president CEO Amir Adnani is featured on a recent episode of Bell2Bell Podcast.
- Adnani notes that Uranium Energy Corp. is focused on rebuilding, restarting a domestic infrastructure to mine uranium for carbon-free nuclear energy.
- The Company’s production area in the Burke Hollow project is the newest, largest ISR well field being developed in the country.
Uranium Energy (NYSE American: UEC) president and CEO Amir Adnani was featured on a recent episode of The Bell2Bell Podcast (https://ibn.fm/6mYtD), a podcast series focused on providing informative updates and exclusive interviews with executives leading companies that are operating in fast-moving industries. Under Adnani’s guidance, Uranium Energy advanced from concept to U.S. production in its first five years of operation; UEC currently has an extensive pipeline of low-cost, near-term production projects.
“Uranium Energy Corp. is a U.S.-focused developer of uranium projects using the low-cost and environmentally friendly in-situ recovery (‘ISR’) method,” said Adnani during the podcast as he provided an overview of the company’s business model. “In South Texas, we have our hub and spoke strategy. This is anchored by our fully licensed Hobson Processing Facility, one of only a few uranium processing plants in the country. We have a number of projects . . . which will be a source of U.S.-mined uranium.”
In addition to discussing the company’s business model, Adnani touched on recent company news, specifically talking about the company’s plans moving forward as the United States looks to decrease its reliance on carbon-based fuels. “Uranium is used for generating electricity in nuclear power plants, and 55% of U.S. carbon-free energy comes from nuclear power,” he said, noting that almost all of the uranium currently needed in the country to fuel reactors is coming from foreign sources.
“We have completely lost the ability to mine uranium in the U.S. from domestic sources,” he continued. “You and I both know the importance of local sources of vital needs, be it energy sources, be it masks, be it pharmaceuticals. So what we’re trying to do is to really rebuild and restart the domestic foundation to mine uranium — the fuel that is needed to run our 94 reactors in this country.”
During the interview, Adnani talked about the federal government’s bipartisan support of a U.S. Uranium Reserve and the allocation of funds to purchase uranium produced by U.S. mines, noting that he’d never seen such a move in his extensive experience in the industry. “[UEC] is getting ready to supply uranium to the global market and this new U.S. reserve,” he noted, pointing to the company’s Burke Hollow project, located in Texas. Burke Hollow’s initial production area is the newest and largest ISR well field being developed in the country (https://ibn.fm/6Br4k).
“We need to have a foundation to mine uranium domestically in the United States,” Adnani stated. “We’re rising to that occasion as a company. As a company we are today, at our Burke Hollow project… currently building one of the largest production areas currently in the United States…We have rigs on the property, we’ve got local staff, our team. We’re hiring locally. We’re creating jobs and adding to the economic development of the local communities that we’re in, in Texas…These are incredible opportunities, because not only are we creating local jobs…we’re also tying it back to developing the ability to mine uranium domestically. And again, this dovetails strategically with our plans to be a key supplier to the U.S Uranium Reserve.”
Adnani also talked about the strength of the company’s portfolio, which includes projects in Texas, Wyoming, New Mexico, Colorado and Arizona, as well as Canada and Paraguay, noting that the company looks to be ideally positioned as the market looks to expand and grow.
Uranium Energy Corp. is a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases. Founded in 2003, UEC is headquartered in Corpus Christi, Texas.
For more information, visit the company’s website at www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
