German construction sector still in recession, civil engineering only bright spot
NEW YORK - Uranium Energy Corp (NYSE American:UEC), which has seen its stock surge over 200% in the past six months according to InvestingPro data, announced Friday it has priced a public offering of 15.5 million shares of common stock at $13.15 per share, raising approximately $204 million.
The uranium mining company has granted the underwriter, Goldman Sachs & Co. LLC, a 30-day option to purchase up to an additional 2.325 million shares. The offering is expected to close on October 6, 2025, subject to customary closing conditions.
UEC plans to use the net proceeds to accelerate the development of a new uranium refining and conversion facility through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp. (UR&C), as well as for general corporate purposes.
The company describes itself as America’s largest uranium supplier, with operations including ISR (in-situ recovery) mining projects in Texas and Wyoming. In August 2024, UEC restarted operations at its Christensen Ranch Project in Wyoming.
The offering is being made pursuant to an automatically effective registration statement filed with the Securities and Exchange Commission on November 16, 2022, according to the company’s press release statement.
UEC’s initiative to develop uranium refining capabilities would position it as the only vertically integrated U.S. uranium company with mining, processing, and planned refining operations, the company stated.
The stock offering comes amid increased interest in domestic uranium production as nuclear energy gains attention as a carbon-free power source. Analyst price targets for UEC range from $10.50 to $19.75, reflecting varied expectations for the company’s growth potential. For deeper insights into UEC’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Uranium Energy Corp announced a public offering of 15.5 million shares, with an option for underwriters to purchase an additional 2.325 million shares. The company plans to use the proceeds to accelerate the development of a new uranium refining and conversion facility in the United States and for general corporate purposes. Goldman Sachs has maintained its Buy rating on Uranium Energy, citing low production costs and a price target of $17.00, following the company’s fourth-quarter fiscal 2025 results, which were in line with expectations. H.C. Wainwright raised its price target for Uranium Energy to $19.75, highlighting the company’s strong project development progress, including the upcoming start-up at Burke Hollow and ongoing studies at the Roughrider Project. BMO Capital downgraded Uranium Energy from Outperform to Market Perform, despite raising its price target to $14.00, due to the stock’s significant surge of approximately 140% since June. Additionally, the uranium sector experienced declines in premarket trading, with notable drops among nuclear-related stocks. These developments reflect a dynamic period for Uranium Energy Corp and the broader uranium sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.