Uranium Energy (NYSE American: UEC), the fastest growing supplier of the fuel for green energy transition to a low carbon future, today announced that the Texas Commission on Environmental Quality (“TCEQ”) has approved its submission for a renewed and expanded radioactive material license (“RML”) for its Hobson Central Processing Plant. According to the update, UEC’s amended RML from the TCEQ increases licensed production capacity of the Hobson Processing Plant to 4 million pounds of U3O8 annually. This distinguishes the Hobson plant as having the largest licensed capacity in Texas and the second largest in the U.S. “We continue to execute on our strategy of growing UEC’s leadership as a pure-play, un-hedged uranium supplier in politically stable jurisdictions. Today’s achievement increases and advances our production capabilities in South Texas as we work towards the company’s return to production,” said UEC CEO and President Amir Adnani. “We are pleased with the TCEQ’s approval of a renewed and expanded licensed capacity at our Hobson Central Processing Plant. Expanding the licensed production capability to 4 million pounds per year is an important step in providing the company upward flexibility without permitting delays for our South Texas hub-and-spoke production platform.”
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About Uranium Energy Corp.
Uranium Energy is the fastest growing supplier of the fuel for green energy transition to a low carbon future. UEC is the largest, diversified North American focused uranium company, advancing the next generation of low-cost, environmentally friendly In-Situ Recovery (“ISR”) mining uranium projects in the United States and a pipeline of high-grade conventional projects in Canada. The company has two production-ready ISR hub-and-spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational central processing plants. UEC also has seven U.S. ISR uranium projects with all their major permits in place. Additionally, the company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a pipeline of resource stage uranium projects. The company’s operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about UEC, visit www.UraniumEnergy.com.
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