Uranium Energy receives $17.85M from DOE

Uranium Energy announced it has received $17.85M from the U.S. Department of Energy, or DOE, for supplying 300,000 pounds of U.S. origin uranium concentrates at $59.50/lb. to the DOE – National Nuclear Security Administration, or NNSA, under the contract awarded to the company announced on December 20, 2022. The award was in response to the NNSA’s Request for Proposals to establish its strategic national Uranium Reserve program.