Uranium Energy Corp launches public offering of 15.5 million shares

CORPUS CHRISTI, Texas - Uranium Energy Corp (NYSE American:UEC), whose stock has surged over 207% in the past six months to $13.68, announced Friday the launch of a public offering of 15.5 million shares of its common stock, with plans to grant underwriters a 30-day option to purchase up to an additional 2.325 million shares. The company, currently valued at $6.36 billion, maintains a strong balance sheet with more cash than debt according to InvestingPro data.

The uranium mining company intends to use the net proceeds to accelerate development of a new American uranium refining and conversion facility through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp. Remaining funds will support general corporate and working capital needs.

Goldman Sachs & Co. LLC is serving as the sole underwriter for the offering.

UEC describes itself as America’s largest and fastest growing uranium supplier. The company operates three ISR hub-and-spoke platforms in South Texas and Wyoming, with operations recently restarted at its Christensen Ranch Project in Wyoming in August 2024. While analysts project the company won’t be profitable this year, InvestingPro analysis reveals 13 additional key insights about UEC’s financial health and growth prospects available to subscribers.

The company has filed a registration statement with the U.S. Securities and Exchange Commission that became automatically effective upon filing on November 16, 2022. The offering will be made solely through a prospectus and prospectus supplement forming part of that registration statement.

This announcement comes as UEC pursues vertical integration in the uranium sector, positioning itself as what it claims would be the only vertically integrated U.S. uranium company with mining, processing, and planned refining and conversion capabilities.

The information in this article is based on a press release statement from Uranium Energy Corp.

In other recent news, Uranium Energy Corp reported its fourth-quarter earnings for 2025, revealing a larger-than-expected loss. The company posted an earnings per share (EPS) of -$0.20, which fell short of the forecasted -$0.18, while revenue also missed expectations, coming in at $66.84 million against a forecast of $77.2 million. Despite these results, Goldman Sachs maintained its Buy rating on Uranium Energy, citing the company’s strategy of withholding inventory sales as anticipated. H.C. Wainwright also maintained a Buy rating, raising its price target to $19.75 from $12.75, highlighting the company’s strong project development progress, including the scheduled start-up at Burke Hollow.

Conversely, BMO Capital downgraded Uranium Energy from Outperform to Market Perform, although it raised the price target to $14.00 from $7.75. BMO cited Uranium Energy’s exceptional recent performance as a factor in the rating change, noting the stock’s significant surge since early June. Uranium Energy’s Sweetwater Plant has been designated for fast-track permitting, adding to the company’s recent developments. These updates come as the nuclear and uranium sector experienced broad declines in premarket trading, with other related stocks also facing significant drops.

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