Uranium Energy Corp. (NYSE American: UEC) has announced the commencement of production at its Burke Hollow in-situ recovery (ISR) project in South Texas, marking the largest greenfield ISR uranium project to enter production in the United States in more than a decade, according to the company. The announcement came as part of UEC's fiscal third-quarter 2026 results, which also highlighted a debt-free balance sheet with $794 million in liquid assets.
The company is advancing production growth at its Christensen Ranch operation and development activities at the Ludeman and Sweetwater projects. UEC emphasized that it is continuing to build what it describes as America's only vertically integrated uranium fuel supply chain, with progress at its planned uranium conversion facility through United States Uranium Refining & Conversion Corp.
Federal support for domestic nuclear fuel development was also noted, specifically through the Department of Energy's "Nuclear Dominance – 3 by 33" initiative. Additionally, UEC highlighted the continued advancement of its Roughrider uranium project in Saskatchewan, Canada, and its Alto Paraná titanium and vanadium project in Paraguay.
The company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, UEC controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan.
UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The company is managed by professionals with decades of experience across uranium exploration, development, production, and fuel cycle infrastructure.
This development is significant as it represents a major expansion of domestic uranium production capacity at a time when the U.S. is seeking to reduce reliance on foreign sources of nuclear fuel. The Burke Hollow project's production start could help stabilize supply chains and support the growth of nuclear energy, which is a key component of clean energy goals. Investors and industry observers will be watching UEC's progress as it continues to scale operations and strengthen its position in the uranium market.
For more information, visit the company's newsroom at https://ibn.fm/UEC and the full press release at https://ibn.fm/vkrVw.
