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Oct 31, 2025
UEC Q1 2026 Earnings Report
UEC reported a net loss in Q1 2026 with no revenue, continuing investment in mine development and production ramp-up.
Key Takeaways
Uranium Energy Corp posted a net loss for the quarter with no sales recorded, as it focused on advancing its U.S. uranium projects and resuming production at the Christensen Ranch Mine. Strong capital raises significantly boosted liquidity.
No revenue was recorded in Q1 FY26 as UEC did not sell uranium during the quarter.
Net loss of $10.34 million driven by development costs and no offsetting sales revenue.
Production resumed at Christensen Ranch Mine with 68,612 pounds of U₃O₈ produced during the quarter.
Cash position strengthened to $454.7 million following successful public and ATM offerings.
Forward Guidance
UEC plans to continue ramping up production at Christensen Ranch and advance key projects such as Burke Hollow, Roughrider, and Ludeman. Strong cash reserves will fund expansion and a planned uranium conversion facility in the U.S.
Positive Outlook
- Production ramp-up continued at Christensen Ranch Mine with over 68,000 lbs U₃O₈ produced
- Significant capital raise added over $342 million in the quarter
- Total cash position now exceeds $454 million
- Development at Burke Hollow and Roughrider progressing with major infrastructure milestones achieved
- Plans underway for a new U.S.-based uranium refining and conversion facility (UR&C)
Challenges Ahead
- No uranium sales during the quarter resulted in $0 revenue
- Net loss of over $10 million due to high development costs
- Operating loss nearly doubled year-over-year
Historical Earnings Impact
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