NYSE American: UEC
CORPUS
CHRISTI, Texas, May 1, 2024
/PRNewswire/ - Uranium Energy Corp (NYSE American: UEC)
or the "Company") applauds last night's vote by the United States Senate for passing H.R.
1042, a bill to ban Russian uranium imports into the United States, by unanimous consent. The
House of Representatives passed the bill in December of 2023.
Senator Barrasso of Wyoming
stated: "I have fought for years to end America's reliance on
Russian nuclear fuel. Our efforts have finally paid off with
passage of our bill to ban these imports once and for all.
Wyoming has the uranium to replace
Russian imports, and we're ready to use it. Our bipartisan
legislation will help defund Russia's war machine, revive American uranium
production, and jumpstart investments in America's nuclear fuel
supply chain. This is a tremendous victory. I'm grateful to members
of both parties for helping get this over the finish
line."
Senator Manchin of West Virginia stated: "It is unconscionable
for the United States of America,
as the superpower of the world, to contribute to Vladimir Putin's
ability to finance his unlawful war against Ukraine through our reliance on Russia for the uranium we need to power our
nuclear reactors. I am proud to have worked on this legislation
with Ranking Member Barrasso to put an end to Russian uranium
imports, which simultaneously unlocks $2.72
billion to ramp up domestic uranium fuel production.
Building on initiatives I worked to include in the Energy Act of
2020, the Bipartisan Infrastructure Law, and the Inflation
Reduction Act, this legislation is one more critical step toward
reshoring our nuclear supply chains."
Amir Adnani, President and CEO
stated: "We thank both chambers of Congress for passing this
bipartisan bill that demonstrates the U.S. commitment to nuclear
energy, the carbon free energy source that powers one in every five
homes in America. Upon enactment, this will strengthen United States energy and national security,
ending an untenable reliance on Russian uranium imports. This new
law, in conjunction with the recently passed Nuclear Fuel Security
Act, creates a firm foundation for long-term growth of the U.S.
uranium industry to supply the fuel that powers American
households, data centers, and industrial base with clean baseload
power. As the fastest growing U.S. uranium company, we are
delighted to have this exciting backdrop along with positive global
uranium market fundamentals and advance the re-start of uranium
production in Wyoming this August,
followed by the resumption of our South
Texas operations next year."
About Uranium Energy
Corp
Uranium Energy Corp is the fastest growing supplier of the fuel
for the 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") uranium projects in the United States and high-grade conventional
projects in Canada. The Company
has two production-ready ISR hub and spoke platforms located in
South Texas and Wyoming. These two production platforms are
anchored by fully operational central processing plants and served
by 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
North American warehoused U3O8; (2) a major
equity stake in Uranium Royalty Corp., the only royalty company in
the sector; and (3) a Western Hemisphere 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.
X (formerly known as Twitter): @UraniumEnergy
Stock Exchange Information:
NYSE American: UEC
WKN: AĆJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein,
the information presented in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian
securities laws. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any other statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans, "estimates" or "intends", or stating
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved) are not
statements of historical fact and should be viewed as
"forward-looking statements". Such forward looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include,
among others, the actual results of exploration activities,
variations in the underlying assumptions associated with the
estimation or realization of mineral resources, the availability of
capital to fund programs and the resulting dilution caused by the
raising of capital through the sale of shares, accidents, labor
disputes and other risks of the mining industry including, without
limitation, those associated with the environment, delays in
obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, title
disputes or claims limitations on insurance coverage. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Many of these factors are
beyond the Company's ability to control or predict. There can be no
assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements contained in
this news release and in any document referred to in this news
release. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company's
filings with the Securities and Exchange Commission. For
forward-looking statements in this news release, the Company claims
the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
The Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy
securities.
View original
content:https://www.prnewswire.com/news-releases/uranium-energy-corp-applauds-the-us-senate-on-passing-a-bipartisan-bill-to-ban-russian-uranium-imports-302132726.html
SOURCE Uranium Energy Corp