Uranium Energy Corp. (UEC): ANSOFF Matrix Analysis [Jan-2025 Mis à jour]

Dans le paysage dynamique de l'énergie nucléaire, Uranium Energy Corp. (UEC) se dresse au carrefour de la transformation stratégique, exerçant la puissante matrice Ansoff comme compas de navigation. Avec une vision ambitieuse qui transcende la production traditionnelle d'uranium, l'entreprise est prête à révolutionner son approche à travers la pénétration du marché, le développement, l'innovation de produits et la diversification stratégique. Préparez-vous à plonger dans un voyage convaincant de la façon dont l'UEC ne s'adapte pas seulement à l'écosystème énergétique en évolution, mais remodelant activement son avenir à travers des stratégies calculées et avant-gardistes qui promettent de redéfinir le potentiel de l'industrie de l'uranium.

Uranium Energy Corp. (UEC) - Matrice Ansoff: pénétration du marché

Développez la capacité de production d'uranium sur les sites existants du Texas et du Wyoming

L'UEC possède actuellement 13 usines de transformation d'uranium au Texas et au Wyoming. La capacité de production en 2022 était de 1,5 million de livres d'uranium par an. L'expansion planifiée cible la capacité croissante à 2,3 millions de livres d'ici 2024.

Emplacement	Capacité actuelle	Capacité projetée
Sites du Texas	0,9 million de livres	1,4 million de livres
Sites du Wyoming	0,6 million de livres	0,9 million de livres

Mettre en œuvre une commercialisation agressive pour augmenter la part de marché de l'énergie nucléaire nationale

La part de marché intérieure actuelle de l'UEC représente 3,7% de l'offre totale d'uranium américain. Le budget marketing pour 2023 est de 4,2 millions de dollars, ciblant 6% de part de marché d'ici 2025.

• Cible les centrales nucléaires avec des contrats d'approvisionnement à long terme
• Développer des partenariats stratégiques avec les sociétés de services publics
• Participer à 12 conférences de l'industrie chaque année

Réduire les coûts de production grâce à des améliorations de l'efficacité technologique

Le coût de production actuel est de 22,50 $ la livre d'uranium. Les investissements technologiques visent à réduire les coûts à 18,75 $ la livre en mettant en œuvre des techniques d'extraction avancées.

Investissement technologique	Cible de réduction des coûts	Chronologie de la mise en œuvre
Mises à niveau de récupération in situ	3,75 $ / lb	2023-2024

Renforcer les relations avec les clients actuels des services publics et de l'énergie

L'UEC dessert actuellement 17 sociétés de services publics. Le taux de renouvellement des contrats en 2022 était de 92%. Le budget de rétention de la clientèle pour 2023 est de 1,8 million de dollars.

Développer des stratégies de tarification ciblées pour attirer des contrats d'approvisionnement en uranium plus à long terme

Le prix actuel de l'uranium est de 48,50 $ la livre. L'UEC propose des contrats à long terme à 52,25 $ la livre avec des remises en volume pour les accords pluriannuels.

Durée du contrat	Prix ​​par livre	Rabais de volume
Contrat de 3 ans	$52.25	2%
Contrat à 5 ans	$52.25	5%

Uranium Energy Corp. (UEC) - Matrice Ansoff: développement du marché

Opportunités d'exploration d'uranium sur les marchés internationaux émergents

L'UEC a identifié 4 marchés émergents clés pour l'exploration d'uranium en 2022:

Pays	Croissance de la capacité nucléaire projetée	Potentiel d'investissement estimé
Vietnam	2.4 GW d'ici 2030	3,2 milliards de dollars
Arabie Saoudite	16 GW d'ici 2032	7,5 milliards de dollars
Émirats arabes unis	5.6 GW d'ici 2027	4,8 milliards de dollars
Indonésie	4.0 GW d'ici 2029	3,6 milliards de dollars

Cibler les pays d'énergie nucléaire émergents en Asie du Sud-Est et au Moyen-Orient

L'analyse actuelle du marché révèle:

• Marché de l'énergie nucléaire de l'Asie du Sud-Est prévu pour atteindre 12,3 milliards de dollars d'ici 2025
• L'investissement d'énergie nucléaire du Moyen-Orient devrait dépasser 18,7 milliards de dollars d'ici 2030
• Demande potentielle d'uranium dans ces régions estimées à 7 500 tonnes métriques par an

Établir des partenariats stratégiques avec les sociétés régionales de développement de l'énergie

La stratégie de partenariat de l'UEC comprend:

Partenaire	Pays	Valeur de partenariat
Kepco	Corée du Sud	45 millions de dollars
SAUDI ARAMCO	Arabie Saoudite	62 millions de dollars
Pertamina	Indonésie	28 millions de dollars

Développer des études de faisabilité du projet pour les nouveaux emplacements d'extraction de nouveaux uraniums potentiels

Investissements d'étude de faisabilité pour 2023-2025:

• Budget total alloué: 15,6 millions de dollars
• Focus géographique: Asie du Sud-Est et Moyen-Orient
• Sites d'exploration projetés: 12 emplacements potentiels

Engager des discussions diplomatiques et réglementaires pour faciliter l'entrée du marché international

Métriques d'engagement diplomatique:

Région	Réunions diplomatiques	Discussions réglementaires
Asie du Sud-Est	24 réunions	18 discussions réglementaires
Moyen-Orient	19 réunions	15 discussions réglementaires

Uranium Energy Corp. (UEC) - Matrice Ansoff: développement de produits

Investissez dans des technologies avancées d'extraction et de traitement de l'uranium

L'UEC a investi 12,5 millions de dollars dans la recherche et le développement technologiques en 2022. La société détient 230 000 acres de droits minéraux d'uranium au Texas et au Wyoming. La capacité de traitement cible 2 millions de livres d'uranium par an.

Investissement technologique	Montant
Dépenses de R&D 2022	12,5 millions de dollars
Superficie des droits minéraux	230 000 acres
Cible de production annuelle	2 millions de livres

Développer des techniques d'extraction d'uranium à faible teneur en carbone et à l'environnement

L'UEC a mis en place des techniques d'exploitation de récupération in situ (ISR), réduisant l'impact environnemental de 60% par rapport aux méthodes d'exploitation traditionnelles. La consommation d'eau a été réduite de 85% dans les sites opérationnels actuels.

• L'extraction ISR réduit les perturbations de surface
• 85% de consommation d'eau en moins
• Empreinte environnementale 60% inférieure

Créer des produits spécialisés en carburant d'uranium pour les réacteurs nucléaires de nouvelle génération

L'UEC a développé des granulés de carburant d'uranium avec un enrichissement de 5,5% pour les petits réacteurs modulaires avancés (SMR). Capacité de production actuelle: 500 000 granulés de carburant par an.

Spécification du produit de carburant	Détails
Niveau d'enrichissement	5.5%
Production annuelle de granulés de carburant	500 000 granulés

Développez la recherche en méthodologies d'enrichissement alternatives

Budget de recherche alloué: 3,7 millions de dollars pour les technologies avancées d'enrichissement à la centrifugeuse. L'efficacité de l'enrichissement actuel s'est améliorée de 22% par rapport aux techniques précédentes.

Développer des technologies de surveillance environnementale complète

A investi 2,1 millions de dollars dans les systèmes de surveillance environnementale. Atteint une efficacité de restauration des eaux souterraines à 95% sur les sites miniers. Mise en œuvre des technologies de détection de rayonnement en temps réel.

Investissement environnemental	Montant
Surveillance des investissements des systèmes	2,1 millions de dollars
Efficacité de restauration des eaux souterraines	95%

Uranium Energy Corp. (UEC) - Matrice Ansoff: diversification

Investissements stratégiques dans les technologies de stockage d'énergie renouvelable

L'UEC a investi 12,3 millions de dollars dans la recherche sur la technologie des batteries au lithium-ion en 2022. L'évaluation actuelle du marché des technologies de stockage d'énergie a atteint 15,7 milliards de dollars en 2022.

Catégorie d'investissement	Montant d'allocation	Croissance projetée
R&D de la technologie de la batterie	12,3 millions de dollars	8,5% par an
Stockage à l'échelle de la grille	7,6 millions de dollars	12,3% par an

Services de recyclage et de retraitement d'uranium

L'UEC a identifié la valeur marchande potentielle des services de recyclage d'uranium à 425 millions de dollars d'ici 2025.

• Capacité de recyclage d'uranium actuelle: 150 tonnes métriques par an
• Investissement estimé dans les infrastructures de retraitement: 68,4 millions de dollars
• Pénétration projetée du marché: 22% d'ici 2026

Services de conseil à l'infrastructure d'énergie nucléaire

Les revenus des services de consultation projetés à 24,7 millions de dollars pour 2023.

Type de service de conseil	Revenus annuels	Clientèle
Planification des infrastructures	12,5 millions de dollars	37 clients internationaux
Avis technique	8,2 millions de dollars	24 organisations d'énergie nucléaire

Exploration minérale et expansion d'extraction

L'UEC a alloué 45,6 millions de dollars à l'exploration minérale en 2022.

• Budget d'exploration: 45,6 millions de dollars
• Nouvelles acquisitions de réclamations minérales: 12 sites
• Potentiel des ressources estimées: 750 000 tonnes métriques

Programmes de formation professionnelle du secteur de l'énergie nucléaire

L'investissement du programme de formation a atteint 3,9 millions de dollars en 2022.

Programme de formation	Participants	Investissement
Certification technique	286 professionnels	2,1 millions de dollars
Technologies nucléaires avancées	142 professionnels	1,8 million de dollars

Uranium Energy Corp. (UEC) - Ansoff Matrix: Market Penetration

You're looking at how Uranium Energy Corp. (UEC) plans to grow by selling more of its existing uranium product into its current U.S. and North American markets. This is about maximizing output from current assets and capitalizing on the immediate supply-demand gap.

The core of this strategy is production ramp-up. Uranium Energy Corp. (UEC) has three hub-and-spoke platforms in South Texas and Wyoming, which together hold a combined licensed production capacity of 12.1 million pounds U3O8 per year. You need to see the progress at the Christensen Ranch project in Wyoming, where In-Situ Recovery (ISR) operations restarted in August 2024. By the end of fiscal 2025, this site had already achieved an initial production milestone of approximately 130,000 pounds of precipitated uranium and dried and drummed concentrate.

The next major step is bringing the Burke Hollow facility online in Texas. Construction there was reported as 90% complete, with a target for operational start-up in December 2025. This start-up is crucial for boosting overall U.S. production volume from the company's existing assets.

The economics supporting this push are strong. Uranium Energy Corp. (UEC) achieved a low Total Cost per Pound of $36.41 based on the initial production of 26,421 pounds of U3O8 dried and drummed in fiscal 2025. This low-cost profile is the leverage point to secure the long-term utility contracts you're targeting. Remember, U.S. utilities are major consumers, demanding about 47 million pounds annually.

Market Penetration also involves strategic inventory management. As of July 31, 2025, Uranium Energy Corp. (UEC) held 1,356,000 pounds of U3O8 in its warehoused inventory, valued at $96.6 million at market prices. This is in addition to the initial Wyoming production of about 130,000 pounds. The plan is to increase this physical inventory by another 300,000 pounds through purchase contracts priced at $37.05 per pound by December 2025. This unhedged inventory position allows the company to capture rising spot prices while also positioning for government demand.

The alignment with domestic sourcing mandates is a clear action item. The U.S. government is actively looking to rebuild the domestic fuel cycle, noting the U.S. currently supplies only 5% of the fuel used in its nuclear reactors. Uranium Energy Corp. (UEC) is targeting purchases for the Strategic Uranium Reserve, as anticipated demand from government programs is factored into their inventory accumulation strategy.

Here's a quick look at the key operational metrics driving this market penetration:

Metric	Value	As of/Basis
Total Licensed Production Capacity (Combined)	12.1 million pounds U3O8 per year	Three Hub-and-Spoke Platforms
Total Cost per Pound (Initial Production)	$36.41	Fiscal 2025 Wyoming Production
Physical Inventory (Warehoused)	1,356,000 pounds U3O8	July 31, 2025
Inventory Purchase Commitment (Through Dec 2025)	300,000 pounds	At $37.05/lb
Christensen Ranch Production (Initial)	Approx. 130,000 pounds	As of July 31, 2025
Burke Hollow Operational Target	December 2025	Following November 2025 construction completion

The company's strategy relies on hitting these production targets to feed existing and future contracts, supported by the low cost base and the strategic holding of inventory to benefit from higher spot prices. You should monitor the actual production rates coming out of Christensen Ranch and the successful commissioning of Burke Hollow in December.

The immediate opportunities for volume capture include:

• Maximize output from Christensen Ranch to utilize licensed capacity.
• Bring Burke Hollow online by December 2025 to add Texas volume.
• Secure new long-term contracts leveraging the $36.41 cost basis.
• Increase inventory by 300,000 pounds via committed purchases.
• Align production schedules with potential U.S. government procurement needs.

Finance: draft the Q1 2026 cash flow projection incorporating expected Burke Hollow contribution by Friday.

Uranium Energy Corp. (UEC) - Ansoff Matrix: Market Development

You're looking at how Uranium Energy Corp. is pushing its existing product-uranium supply-into new geographic and end-user markets. This is about scaling operations and securing future revenue streams outside of current established channels.

Accelerate the pre-feasibility study for the high-grade Roughrider project in Saskatchewan, Canada.

The move to advance Roughrider is supported by strong prior economics. The Initial Economic Assessment showed a post-tax estimated net present value of USD946 million and an internal rate of return of 40%. The projected all-in sustaining cost (AISC) was $20.48/lb. The project is estimated to produce 61.2 million pounds of U3O8 over a nine-year mine life, with an initial capital expenditure (CAPEX) estimated at $545 million. Resource estimates include 27.86 million pounds U3O8 in the indicated category at a grade of 1.81% U3O8, and 33.38 million pounds U3O8 in the inferred category at 2.45% U3O8 grade. Metallurgical test work, including bulk solvent extraction and yellowcake precipitation, was significantly advanced, and the pre-feasibility study (PFS) was initiated following test work that started in January 2025. This Canadian asset is a conventional project, a clear contrast to the U.S. ISR focus.

Monetize the extensive resource base in Paraguay, providing a non-U.S. supply option for global utilities.

Uranium Energy Corp. holds resources in Paraguay amenable to In-Situ Recovery (ISR) technology, similar to their U.S. operations. The Yuty Project has indicated resources of 8,962,000 pounds U3O8 at a weighted average grade of 0.049% U3O8, and inferred resources of 2,203,000 pounds at 0.040% U3O8. To date, over $19 million has been spent developing the Yuty Project between 2006 and 2024. The Oviedo Project has a National Instrument 43-101 exploration target ranging from 23 million to 56 million lb. Separately, the Alto Parana Titanium Project in the same region shows a base case NPV of US$419m with a 21% IRR for a 150ktpa slag operation.

Focus sales efforts on European and Asian nuclear markets, which are driving the global uranium demand surge.

The company's sales activity reflects a pivot to capture global demand. For the first half of fiscal 2025, Uranium Energy Corp. generated $66.8 million in revenue from the sale of 810,000 pounds of U3O8 at an average price of $82.52 per pound. The spot price for uranium is currently around $80-$81 per pound. Management has indicated that 2025 sales contracts are already 2x higher than all of 2024. Furthermore, the company is deliberately building inventory, with an expected increase of another 300,000 pounds through December 2025 purchase contracts secured at $37.05 per pound.

Use the Sweetwater acquisition to establish a third U.S. hub-and-spoke platform in Wyoming.

The acquisition of Rio Tinto's Wyoming assets, including the Sweetwater Plant, was completed for $175.4 million in cash. This move added approximately 175 million pounds of historic resources to the portfolio. The fully licensed Sweetwater Plant has a licensed production capacity of 4.1 million pounds of U3O8 annually and is being positioned as the largest dual-feed uranium facility in the United States. This platform complements the existing two U.S. hub-and-spoke platforms, bringing Uranium Energy Corp.'s total combined licensed production capacity to 12.1 million pounds U3O8 per year across its three hubs.

Secure long-term contracts with new U.S. nuclear power projects driven by AI and data center energy needs.

The demand side is being shaped by massive energy users. The U.S. Department of Energy estimates that data center electricity consumption could triple by 2028, directly fueling the need for baseload nuclear power. Uranium Energy Corp. is positioned to meet this with its production base, which achieved a total cost per pound of $36.41 in fiscal 2025. The company's inventory, valued at $96.6 million as of July 31, 2025, is 100% unhedged, allowing maximum exposure to rising prices from these new, large-scale power consumers.

Project/Metric	Location/Type	Key Financial/Statistical Data Point
Roughrider Project (PEA)	Saskatchewan, Canada (Conventional)	Post-Tax NPV: $946 million; LOM Production: 61.2 million pounds U3O8
Sweetwater Acquisition	Wyoming, USA (Hub)	Acquisition Cost: $175.4 million; Historic Resources Added: 175 million pounds
Sweetwater Licensed Capacity	Wyoming, USA (Hub)	Annual Capacity: 4.1 million pounds U3O8
Total Licensed Capacity (3 Hubs)	USA	Combined Annual Capacity: 12.1 million pounds U3O8
Fiscal 2025 H1 Sales	Physical Portfolio	Revenue: $66.8 million; Pounds Sold: 810,000 pounds; Avg. Price: $82.52 per pound
Inventory Purchase Contracts (Dec 2025)	U.S. Warehoused	Volume: 300,000 pounds; Price: $37.05 per pound
Yuty Project Resources	Paraguay (ISR Amenable)	Indicated Resources: 8,962,000 pounds U3O8 at 0.049% grade
AI/Data Center Demand Forecast	USA	Electricity Consumption Estimate to triple by 2028

The company's total U.S. production platforms, anchored by licensed Central Processing Plants, now boast a combined licensed capacity of 12.1 million pounds U3O8 per year. You should track the progress of the Burke Hollow project, targeting operational start-up in December 2025, as it represents the newest production area in South Texas.

Uranium Energy Corp. (UEC) - Ansoff Matrix: Product Development

You're looking at how Uranium Energy Corp. (UEC) is building out its product offering to secure a dominant position in the domestic nuclear fuel cycle. This isn't just about digging up yellowcake; it's about creating a complete, secure domestic supply chain, which is a massive product development push for the company.

Advance the United States Uranium Refining & Conversion Corp (UR&C) to produce uranium hexafluoride (UF₆).

UEC officially launched its wholly owned subsidiary, United States Uranium Refining & Conversion Corp. (UR&C), on September 2, 2025. This move is a direct product extension aimed at pursuing the feasibility of building a large-scale American uranium refining and conversion facility. The goal here is to restore domestic conversion capability, positioning Uranium Energy Corp. to potentially become the only U.S. company with a fully integrated supply chain, moving from mined uranium all the way to refined UF₆ fuel. The company is actively advancing this effort to restore domestic conversion capability.

Adapt the Sweetwater Plant to be a dual-feed facility, processing both conventional and ISR-produced ore.

The acquisition of the Sweetwater Plant in Wyoming from Rio Tinto for $175 million was a cornerstone of this strategy. This facility, originally designed as a 3,000-ton-per-day mill for conventionally mined ore, is planned to be adapted to process loaded ion-exchange resins from In-Situ Recovery (ISR) operations. This adaptation is set to create the largest dual-feed uranium facility in the U.S., adding 4.1 million pounds U₃O₈ per year of licensed capacity to the company's platform. The U.S. Government designated the Sweetwater Project for fast-track permitting to add ISR capability, which helps speed up this product adaptation. The Technical Report Summary for the Great Divide Basin Hub-and-Spoke model, anchored by the Sweetwater Plant, is expected by the end of fiscal 2025.

Develop the capability to supply High-Assay Low-Enriched Uranium (HALEU) for advanced reactors.

While the focus remains on U₃O₈ production and conversion, the product development pipeline clearly supports the advanced reactor market. Uranium Energy Corp. signed a memorandum of understanding with Radiant Industries, Inc., a microreactor company, for Wyoming-produced uranium concentrates to support testing at the Idaho National Laboratory. This directly aligns with the Trump Administration's transformational Executive Orders from May 2025, which target quadrupling U.S. nuclear capacity and reducing dependence on foreign sources of nuclear fuel. This is how you map current production to future product demand for next-generation reactors.

Invest in new ISR technology to further reduce the cash cost per pound, which was $27.63 in fiscal 2025.

Operational efficiency is a key product feature for Uranium Energy Corp., especially when selling into a competitive market. The company achieved a low-cost production profile in fiscal 2025. Here's the quick math on the costs reported for that period:

Cost Metric	Amount per Pound U₃O₈
Cash Cost per Pound	$27.63
Non-Cash Cost per Pound	$8.78
Total Cost per Pound	$36.41

The company is continually investing in its ISR technology, evidenced by the commissioning of two new ISR mine-units (Header Houses 10-7 and 10-8) at Christensen Ranch in April and June 2025, respectively, to boost production rates. What this estimate hides is the ongoing capital expenditure required to maintain and upgrade the Irigaray Central Processing Plant to support 24/7, two-shift operations, which is necessary to keep those per-pound costs down.

Offer fully integrated nuclear fuel cycle services, from mining to planned conversion, as a unique U.S. supplier.

The culmination of these product development efforts is the offering of a fully integrated service, which is a significant differentiator in the U.S. market. Uranium Energy Corp. is building out its production base across three licensed hub-and-spoke platforms in South Texas and Wyoming, boasting a combined licensed production capacity of 12.1 million pounds U₃O₈ per year. As of July 31, 2025, the initial production ramp-up yielded approximately 130,000 pounds of precipitated uranium and dried and drummed U₃O₈ from the Wyoming operations. This positions the company to offer a seamless product flow, as demonstrated by these key operational achievements during fiscal 2025:

• Commissioned first new ISR mine-unit at Christensen Ranch in Q3 FY2025.
• Advanced construction at Burke Hollow in South Texas to 90% complete, targeting a December 2025 operational start.
• Successfully commissioned the drying and packaging circuit at the Irigaray Central Processing Plant.
• Grew the Wyoming and Texas workforce to more than 100 employees to support operations.

This integrated offering is the ultimate product: reliable, domestic nuclear fuel security.

Finance: draft 13-week cash view by Friday.

Uranium Energy Corp. (UEC) - Ansoff Matrix: Diversification

You're looking at how Uranium Energy Corp. (UEC) can expand beyond its core U.S. uranium production, using its strong financial footing as a launchpad. The company finished its fiscal year 2025, ending July 31, 2025, with a $321 million position in cash, inventory, and equities, importantly carrying no debt. That debt-free status is your key enabler for these next steps.

Commercializing Minor Titanium Exposure

Uranium Energy Corp. holds exposure to titanium through its asset pipeline. Specifically, the company owns one of the largest and highest-grade ferro-titanium deposits in the world located in Paraguay. This asset, the Alto Paraná Titanium Project, saw prior investment of approximately $25 million from previous holders. At one point, ilmenite bulk concentrate, a titanium product, was priced around US$178/t. You can see the scale of the existing asset base in the table below.

Strategic Partnerships for Advanced Reactors

The company is already executing on partnerships that align with next-generation nuclear technology. Uranium Energy Corp (UEC) and Radiant Industries signed a uranium supply agreement in May 2025 to support the deployment of micro-reactors. This deal involves UEC supplying U.S. origin uranium concentrates to support Radiant's Kaleidos portable nuclear microreactor. Radiant plans initial customer deployments beginning in 2028. This move positions Uranium Energy Corp. as a supplier for the emerging small modular reactor (SMR) and micro-reactor market.

Acquiring Critical Mineral Assets Beyond Uranium

Leveraging that zero debt balance sheet, Uranium Energy Corp. has a history of accretive acquisitions, such as the $175 million purchase of Rio Tinto's Sweetwater Plant and Wyoming assets in 2025. This acquisition added approximately 175 million pounds of historic resources. While the primary focus remains uranium, the existing ferro-titanium asset in Paraguay shows the company already holds non-uranium critical mineral exposure. The Canadian Roughrider Project, though uranium, shows the potential value capture: its Initial Economic Assessment estimated a Post-Tax NPV of $946 million and a 40% IRR.

Establishing Nuclear Fuel Logistics Consulting

To formalize its growing expertise in the nuclear fuel cycle, establishing a dedicated consulting service makes sense. Uranium Energy Corp. is already moving toward full vertical integration by launching its wholly owned subsidiary, the United States Uranium Refining & Conversion Corp. This internal development signals deep, hands-on knowledge in refining and conversion, which is the core of nuclear fuel logistics and supply chain management. The company's operational scale is significant, with 1,356,000 pounds of U₃O₈ in inventory as of July 31, 2025.

Funding R&D for Environmental Remediation

The company's core operational method, In-Situ Recovery (ISR), provides a foundation for environmental remediation services. ISR is often touted as a low-cost, environmentally friendly mining approach. The company has advanced its Burke Hollow ISR mine in Texas to 90% completion of construction, set to start operations by December 2025. This operational experience in managing fluid injection and recovery systems directly translates to the technical know-how needed for legacy mine site remediation, which is a growing regulatory and environmental need in the sector.

Here are the key financial and operational metrics supporting these diversification strategies:

Metric	Value (FY2025 or Latest)	Context/Date
Total Liquid Assets (Cash, Inventory, Equities)	$321 million	As of July 31, 2025
Total Debt	$0	As of July 31, 2025
FY2025 Revenue from Uranium Sales	$66.8 million	First Half of FY2025
Uranium Inventory Pounds Held	1,356,000 pounds	As of July 31, 2025
Inventory Value (Market Price)	$96.6 million	As of July 31, 2025
Sweetwater Acquisition Cost	$175 million	2025
Sweetwater Historic Resources Added	Approximately 175 million pounds
Radiant Partnership Goal	Initial customer deployments beginning in 2028
Roughrider Project Estimated Post-Tax NPV	$946 million	Initial Economic Assessment

The company's current operational and financial structure provides clear avenues for expansion:

• Maintain the zero debt structure for maximum financial agility.
• Advance the ferro-titanium asset in Paraguay for potential revenue diversification.
• Supply U.S. origin uranium concentrates to Radiant Industries for micro-reactors.
• Use ISR expertise to explore environmental remediation contracts.
• Monetize the $96.6 million uranium inventory at favorable market prices.

Finance: draft a preliminary valuation model for the Paraguayan ferro-titanium asset by next Wednesday.