Uranium Energy Corp. (NYSE American: UEC) has reported fiscal third-quarter 2026 results that highlight the commencement of production at the Burke Hollow in-situ recovery (ISR) project in South Texas. The company describes Burke Hollow as the largest greenfield ISR uranium project to enter production in the United States in more than a decade. This milestone marks a significant step in the company's efforts to expand U.S. uranium operations and strengthen domestic nuclear fuel supply chains.
UEC also reported a debt-free balance sheet with $794 million in liquid assets, positioning the company to advance production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects. The company is building what it calls America's only vertically integrated uranium fuel supply chain, with progress at its planned uranium conversion facility through United States Uranium Refining & Conversion Corp.
Federal support for domestic nuclear fuel development is evident through the Department of Energy's “Nuclear Dominance – 3 by 33” initiative, which UEC highlighted in its announcement. The company also noted continued advancement of its Roughrider uranium project in Saskatchewan and its Alto Paraná titanium and vanadium project in Paraguay. These developments underscore the strategic importance of domestic uranium production in the context of national energy security and the growing demand for nuclear power as a clean energy source.
Uranium Energy Corp. controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. The company maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals.
The commencement of production at Burke Hollow is a key development for the U.S. uranium industry, which has faced challenges from foreign imports and a decline in domestic production over the past decade. By bringing the largest greenfield ISR project online, UEC is helping to reverse that trend and reduce reliance on foreign uranium sources. The company's debt-free balance sheet and substantial liquid assets provide the financial stability needed to support ongoing operations and future growth.
For more information on Uranium Energy Corp., visit the company's newsroom at https://ibn.fm/UEC.
