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Wyoming

Wyoming

  • UEC restarted operations at the Christensen Ranch ISR operation in August 2024
  • Irigaray Central Processing Plant (CPP) is the Hub to satellite In-Situ Recovery (ISR) projects across the Powder River Basin (“PRB”), with 11 Project areas (Spokes), four of which are fully permitted projects.
  • Key production milestone achieved at Irigaray CPP with first drummed uranium concentrate in February 2025
  • 4 Million pounds per year of licensed production capacity
  • S-K 1300 Technical Report Summary filed on September 15, 2022 positioned UEC with the largest S-K 1300 reported uranium resources in the U.S; 66.2 Million lbs. of Measured and Indicated resources with another 15.1 Million lbs Inferred

S-K 1300 Technical Report Summary – September 2022

  • UEC acquired 100% of Rio Tinto's Wyoming assets, comprised of the fully-licensed Sweetwater Plant and adding 175 million pounds of historic resources
  • 8 more permitted and exploration stage projects added to UEC’s 12 existing ISR projects, creating UEC’s 2nd Hub and Spoke production platform in Wyoming
  • 4.1 Million pounds per year of licensed production capacity

Uranium Energy Corp Completes Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets

Table 1 - Project Area Measured and Indicated Resources Summary

Mineral Resource GT Cutoff Average Grade %
eU3O8		 Ore Tons (000s) eU3O8
(lbs)
Allemand-Ross
Measured 0.25 0.085 246 417,000
Indicated 0.25 0.066 32 42,400
Total Measured and Indicated 0.25 0.083 278 459,400
Barge
Measured N/A N/A 0 0
Indicated 0.25 0.051 4,301 4,361,000
Total Measured and Indicated 0.25 0.051 4,301 4,361,000
Charlie
Measured N/A N/A 0 0
Indicated 0.2 0.123 1,255 3,100,000
Total Measured and Indicated 0.2 0.123 1,255 3,100,000
Christensen Ranch
Measured N/A N/A 0 0
Indicated 0.25 0.073 6,555 9,596,000
Total Measured and Indicated 0.25 0.073 6,555 9,596,000
Clarkson Hill
Measured N/A N/A 0 0
Indicated N/A N/A 0 0
Total Measured and Indicated N/A N/A 0 0
Irigaray
Measured N/A N/A 0 0
Indicated 0.25 0.076 3,881 5,899,000
Total Measured and Indicated 0.25 0.076 3,881 5,899,000
Jab/West Jab
Measured 0.25 0.072 1,621 2,335,000
Indicated 0.25 0.077 253 392,000
Total Measured and Indicated 0.25 0.073 1,874 2,727,000
Ludeman
Measured 0.25 0.094 2,674 5,016,900
Indicated 0.25 0.088 2,660 4,696,900
Total Measured and Indicated 0.25 0.091 5,334 9,713,800
Moore Ranch
Measured 0.3 0.06 2,675 3,210,000
Indicated N/A N/A 0 0
Total Measured and Indicated 0.3 0.06 2,675 3,210,000
Nine Mile
Measured N/A N/A 0 0
Indicated N/A N/A 0 0
Total Measured and Indicated N/A N/A 0 0
Red Rim
Measured N/A N/A 0 0
Indicated 0.25 0.17 337 1,142,000
Total Measured and Indicated 0.25 0.17 337 1,142,000
Reno Creek
Measured 0.2 0.043 14,990 12,920,000
Indicated 0.2 0.039 16,980 13,070,000
Total Measured and Indicated 0.2 0.041 31,970 25,990,000
Project Totals
Measured 22,206 23,898,900
Indicated 36,254 42,299,300
Total Measured and Indicated 58,460 66,198,200

Notes:

  1. Sum of measured and indicated tons and pounds may not add up to the reported total due to rounding.
  2. Measured and indicated mineral resources as defined in 17 CFR § 229.1300.
  3. Resources are reported as of December 31, 2021.
  4. All reported resources occur below the static water table.
  5. The point of reference for mineral resources is in-situ at the Project.
  6. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Table 2: - Project Area Inferred Resources Summary

Mineral Resource GT Cutoff Average Grade % eU3O8 Ore Tons eU3O8
(000s) (lbs)
Allemand-Ross
Inferred 0.25 0.098 1,275 2,496,000
Barge
Inferred N/A N/A 0 0
Charlie
Inferred 0.2 0.12 411 988,000
Christensen Ranch
Inferred N/A N/A 0 0
Clarkson Hill
Inferred 0.2 0.058 957 1,113,000
Irigaray
Inferred 0.25 0.068 104 141,000
Jab/West Jab
Inferred 0.25 0.06 1,402 1,677,000
Ludeman
Inferred 0.25 0.073 866 1,258,000
Moore Ranch
Inferred 0.3 0.047 46 43,700
Nine Mile Lake
Inferred 0.25 0.036 3,405 4,308,000
Red Rim
Inferred 0.25 0.163 473 1,539,000
Reno Creek
Inferred 0.2 0.039 1,920 1,490,000
Project Inferred Totals
Inferred 10,859 15,053,700

Notes:

  1. Sum of inferred tons and pounds may not add up to the reported total due to rounding.
  2. Inferred mineral resources as defined in 17 CFR § 229.1300.
  3. Resources are reported as of December 31, 2021.
  4. All reported inferred resources except Jab/West Jab occur below the static water table. The inferred resources at Jab/West Jab occur above the water table and may not be amenable to ISR.
  5. The point of reference for mineral resources is in-situ at the Project.
  6. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Summary capital and operating cost estimates are not included with the TRS since the Company is reporting the results of an initial assessment.

The technical information in this news release has been reviewed by WWC Engineering, a consultant to the Company, and by Dayton A. Lewis, P.G., Vice President Resource Development – Wyoming, for the Company, being a qualified third party firm and a Qualified Person under Item 1302 of Regulation S-K.

Wyoming Careers

UEC is an active energy resource company seeking to fill multiple full-time positions for upcoming operations at the Christensen Ranch and Irigaray (“Willow Creek”) in-situ recovery uranium projects in Johnson and Campbell counties, Wyoming.  Positions are also available in our Casper, Wyoming office.  UEC is an equal opportunity employer, offering competitive salaries and a robust benefit package (including health, dental, vision, short and long term disability, life insurance), generous PTO, and 401K Plan with Company match.

Position Location Description
Engineering and Construction Manager Casper Office  
Central Processing Plant Operator Willow Creek  
Wellfield Maintenance Technician Willow Creek  
Environmental Sampler Willow Creek  
 
Casing Crew Technician Willow Creek  
Radiation Safety Technician Willow Creek  

To apply for any of the above positions, send your resume and qualifications to: [email protected].