Uranium Energy awarded contract from U.S. DOE

Uranium Energy is pleased to announce it has won a $17.85M award to supply 300,000 pounds of U.S. origin uranium concentrates at $59.50/lb. to the U.S. Department of Energy – National Nuclear Security Administration. The award is in response to the NNSA’s Request for Proposals ("RFP") to establish its strategic national Uranium Reserve program. The Uranium Reserve was originally designed as a 10-year, $1.5B, plan to help revitalize the domestic uranium and conversion industry. The award under the RFP is part of the initial $75M authorized by Congress in 2020 to advance the U.S. Government’s goal of supporting America’s nuclear fuel supply chain and capabilities. The delivery will be made by book transfer to NNSA in the first quarter of 2023 with U.S. origin uranium currently held in the accounts of UEC.