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Image source: Getty Images. Given Uranium Energy's position as a leading uranium miner with two extraction-ready mines in South Texas and Wyoming, the company stands well placed to grow with the ...
Uranium Energy Corp. (AMEX:UEC) shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plc‘s (NYSE:RIO) Wyoming assets for a purchase price of $175 million.
Wyoming uranium production. Uranium mining in Wyoming was formerly a much larger industry than it is today. Wyoming once had many operating uranium mines, and still has the largest known uranium ore reserves of any state in the U.S. At the end of 2008, the state had estimated reserves dependent on price: 539 million pounds of uranium oxide at ...
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The mineral extraction industry, including oil and gas, is the main driver of the Wyoming economy, accounting for more than three-fifths of the state's revenues. [ 1 ] [ 2 ] Travel and tourism is the second-largest sector in the state, providing $3.3 billion to the state's economy, with $170 million in tax revenues in 2015, along with 32,000 ...
The uranium bubble of 2007 was a period of nearly exponential growth in the price of natural uranium, starting in 2005 [2] and peaking at roughly $300/kg (or ~$135/lb) in mid-2007. [ citation needed ] This coincided with significant rises of stock price of uranium mining and exploration companies. [ 3 ]
The Sprott Physical Uranium Trust buys and holds uranium assets and does not actively speculate on short-term prices. [2] UPC was set up by Eric Sprott. [3] The Sprott Physical Uranium Trust held a significant stake in Uranium One [3] before the latter was purchased outright by ARMZ Uranium Holding in January 2013 for $1.3 billion. [4]
Despite all sorts of good news for nuclear energy stocks in general in 2024, the year was not a great one for uranium miners like Uranium Energy in particular. In the face of a stock market that ...