Uranium Energy announces restart of ISR uranium production in Wyoming

Uranium Energy announced the successful startup of uranium production at its past-producing Christensen Ranch In-Situ Recovery, or ISR, operations in Wyoming. Production commenced in the previously operated Mine Unit 10 at Christensen Ranch on August 6. To date, uranium concentrations in the initial production patterns are meeting expectations and are anticipated to rise in the coming weeks. All planned startup milestones, including the hiring and training of the initial restart workforce for both the Irigaray Central Processing Plant and Christensen Ranch, have been achieved to ensure a successful ramp-up of uranium production. Approximately 40% of the total workforce is from Johnson County, with other employees originating from Campbell, Converse, Carbon, Laramie and Natrona Counties in Wyoming. The first shipment of yellowcake is anticipated to occur in November or December. This coincides with the company’s fiscal Q2 ending January 31, 2025. Uranium recovered from Christensen Ranch will be processed at the Irigaray CPP, located approximately 15 miles northwest of Christensen Ranch. Irigaray has a current licensed capacity of 2.5M pounds U3O8 per year, with a license amendment currently under regulatory review that is expected to increase capacity to 4M pounds annually. The Irigaray CPP is the hub, central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch.