UEC completes Burke Hollow construction, raises $234M, faces new Paraguay concession dispute

Filed March 10, 2026 · Period ending January 31, 2026 · Compared to 10-Q Mar 12, 2025 · ~2 min read

Key Changes

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  Burke Hollow construction completed with 129 wells tested and IX plant built; startup pending waste disposal well approval. Sweetwater received federal FAST-41 fast-track permitting designation and submitted Plan of Operations to BLM.

  MD&A: Project Development verify on EDGAR →
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  Paraguay mining regulator challenges eligibility of concessions at Yuty, Alto Parana, and Colonel Oviedo projects for extension or exploitation; company filed appeals to protect rights, outcome uncertain.

  Legal Proceedings verify on EDGAR →
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  Raised $234M gross in October 2025 public offering (17.8M shares at $13.15); working capital increased from $126M to $577M, cash from $62M to $486M. Proceeds earmarked for UR&C refining facility and project development.

  MD&A: Liquidity and Capital Resources verify on EDGAR →