Uranium Energy Corp (NYSE American: UEC) has received approval from the Texas Commission on Environmental Quality and has commenced production at its Burke Hollow project in Texas. This milestone marks the first new U.S. in-situ recovery (ISR) uranium operation to start in over a decade. The startup, 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.
The Burke Hollow project is part of UEC's South Texas hub-and-spoke platform, which includes a licensed central processing plant. The company's three hub-and-spoke platforms in South Texas and Wyoming have a combined licensed production capacity of 12.1 million pounds U3O8 per year. In August 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium-loaded resin to the Irigaray central processing plant.
Uranium Energy Corp is America's largest and fastest-growing supplier of uranium needed for nuclear energy. The company is advancing the next generation of low-cost, environmentally friendly ISR mining projects in the United States and high-grade conventional projects in Canada. Its diversified uranium holdings include 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.
The commencement of production at Burke Hollow underscores the growing momentum for domestic uranium production, driven by policy support for nuclear energy as a clean and reliable power source. UEC's operations are managed by professionals with decades of hands-on nuclear fuel industry experience, covering key facets of uranium exploration, development, mining, and production.
For more information, please visit the company's newsroom at https://ibn.fm/UEC. The full press release is available at https://ibn.fm/yw1uh.
