Uranium Energy Corp reported Q1 fiscal 2025 revenue of $17.1 million and gross profit of $6.3 million from uranium sales, compared to $0.1 million revenue and minimal profit in Q1 2024. The company recorded a net loss of $20.2 million ($0.05 per share), primarily due to $13.5 million in mineral property expenditures and a $10.3 million fair value loss on equity securities. Cash position strengthened to $190.6 million as of October 31, 2024.The company successfully restarted uranium extraction at its Christensen Ranch Mine ISR operation in Wyoming in August 2024, with ramp-up phase continuing through early 2025. The Irigaray central processing plant received approval to increase licensed production capacity to 4.0 million pounds of U3O8 annually. The company's physical uranium program held 1.26 million pounds of inventory valued at $64.6 million.Looking ahead, UEC entered into a $175 million agreement to acquire Rio Tinto's Sweetwater uranium assets in Wyoming, with closing expected in Q4 2024. The company raised additional capital through ATM offerings, receiving net proceeds of $64.6 million during Q1 and $31.0 million subsequently. Management believes existing resources are sufficient to fund planned operations for the next 12 months.

Uranium Energy Corp reported Q1 fiscal 2025 revenue of $17.1 million and gross profit of $6.3 million from uranium sales, compared to $0.1 million revenue and minimal profit in Q1 2024. The company recorded a net loss of $20.2 million ($0.05 per share), primarily due to $13.5 million in mineral property expenditures and a $10.3 million fair value loss on equity securities. Cash position strengthened to $190.6 million as of October 31, 2024.The company successfully restarted uranium extraction at its Christensen Ranch Mine ISR operation in Wyoming in August 2024, with ramp-up phase continuing through early 2025. The Irigaray central processing plant received approval to increase licensed production capacity to 4.0 million pounds of U3O8 annually. The company's physical uranium program held 1.26 million pounds of inventory valued at $64.6 million.Looking ahead, UEC entered into a $175 million agreement to acquire Rio Tinto's Sweetwater uranium assets in Wyoming, with closing expected in Q4 2024. The company raised additional capital through ATM offerings, receiving net proceeds of $64.6 million during Q1 and $31.0 million subsequently. Management believes existing resources are sufficient to fund planned operations for the next 12 months.