Uranium Energy Completes Initial Phase of Development in Wyoming


Shares of Uranium Energy are trading higher after the company successfully completed the initial phase of development and drilling for two projects in Wyoming.

Stock Performance

The stock is currently up 8.6% at $3.61 in late trading. However, shares are still down more than 7% year-to-date.

Delineation Drilling Completion

Uranium Energy announced before the opening bell that the delineation drilling for its Irigaray and Christensen Ranch In-Situ Recovery Projects in Johnson County, Wyoming, has been completed.

Positive Outlook

“We are encouraged by the number and length of historic, under delineated and underdeveloped mineralized trends in numerous sands at these projects,” stated Chief Executive Amir Adnani. He further added, “This provides a unique opportunity to expand our current resources within the existing permit boundaries and directly enhances our production restart program.”

Future Plans

The next phase of drilling will focus on the Christensen Ranch permit boundary, as well as nearby prospective areas owned by the company.

Uranium Energy is making significant progress in its efforts to expand production and enhance resources. With the completion of the initial phase of development and drilling, the company is poised for a successful future in the uranium industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Caterpillar’s Earnings Report

Next Post

Aterian Shares Rise After Signing Earn-In Investment Agreement

Related Posts