Uranium Energy Corp announced positive results from the initial economic assessment of its 100% owned Roughrider Project in Saskatchewan's Athabasca Basin. The project demonstrates robust economics with a post-tax NPV8 of $946 million, 40% IRR, and a 1.4-year payback period, based on an $85/lb U3O8 price. The assessment projects average annual production of 6.8 million lbs U3O8 over a 9-year mine life, with total production of 61.2 million lbs.The project features competitive all-in sustaining costs of $20.48/lb U3O8 and requires initial capital expenditure of $545 million. The processing facility will operate at 400 tonnes per day with a 97.5% recovery rate. The high-grade operation boasts a 2.36% U3O8 life of mine feed grade, significantly above global averages. Located in the infrastructure-rich Eastern Athabasca Basin, the project benefits from...Show More

Uranium Energy Corp announced positive results from the initial economic assessment of its 100% owned Roughrider Project in Saskatchewan's Athabasca Basin. The project demonstrates robust economics with a post-tax NPV8 of $946 million, 40% IRR, and a 1.4-year payback period, based on an $85/lb U3O8 price. The assessment projects average annual production of 6.8 million lbs U3O8 over a 9-year mine life, with total production of 61.2 million lbs.The project features competitive all-in sustaining costs of $20.48/lb U3O8 and requires initial capital expenditure of $545 million. The processing facility will operate at 400 tonnes per day with a 97.5% recovery rate. The high-grade operation boasts a 2.36% U3O8 life of mine feed grade, significantly above global averages. Located in the infrastructure-rich Eastern Athabasca Basin, the project benefits from proximity to power, roads, and airport facilities.The company plans to advance the project through technical and environmental studies, with an updated mineral resource estimate expected in Q1 2025 to support pre-feasibility study development. Current mineral resources include 27.86 million lbs U3O8 indicated and 33.38 million lbs U3O8 inferred. Recent exploration has shown promising results, with 94 drill holes completed totaling 29,840 meters.