UEC is the fastest growing North American uranium supplier, fueling the growing demand for carbon-free nuclear energy. 

Across the globe, governments continue to commit to and implement strategies towards achieving net-zero goals outlined in the 2015 Paris Agreement. At the heart of governments net-zero goals is the decarbonization of electricity grids with increased utilization of carbon-free sources of electricity generation. To that end, nuclear energy has a long-standing history as a safe and highly reliable source of carbon-free energy, providing ~10% of the world’s electricity generation and ~30% of the globe’s carbon-free electricity today. 

The International Energy Agency (“IEA”), in its Net-Zero Scenario (source: Net Zero by 2050; 2021), projects that electricity consumption will climb to 60,000 Terawatt-Hour in 2050, which is an average increase of 3.2% per year from 2020. Nuclear power is considered one of the critical cornerstones of carbon-free energy sources in the IEA’s net-zero scenario, projected to be a key component of meeting the increasing electricity demand. Nuclear energy needs to rise by 40% by 2030 and doubling by 2050 to meet net zero goals. 

Uranium Energy Corp: Leading the Charge in Sustainable Nuclear Energy

A company well-positioned to respond to this growing demand for nuclear energy is Uranium Energy Corp.

UEC is the fastest growing supplier of uranium, a vital clean energy fuel required to meet net zero emission targets. UEC is the largest, diversified North American focused uranium company, advancing the next generation of low-cost, environmentally friendly in-situ recovery (“ISR”) mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has two ISR hub and spoke production platforms in South Texas and Wyoming. These two platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place.

Nuclear Energy’s Vital Role: A Deep Dive into Uranium Energy Corp’s Vision

UEC is focused on scaling our business to meet the future energy needs for nuclear in the U.S. and globally. We recognize that while nuclear energy production is virtually carbon free, there are some emissions from our uranium mining activities. As such, under the leadership of our President and CEO, Amir Adnani, UEC has made decarbonizing our operations a priority and have committed to be net-zero for our ISR production facilities in Texas and Wyoming.

Decarbonizing Tomorrow: Uranium Energy Corp’s Commitment to Clean Energy

UEC’s environmentally friendly approach to uranium extraction through ISR mining allows us to have a minimal impact on the environment, and also results in a shorter lead time to uranium recovery.

ISR mining is considered considerably more environmentally friendly compared to alternative, traditional mining approaches. The ISR process does not require blasting or waste rock movement, resulting in less damage to the environment, minimal dust, and no resulting tailings or tailings facilities. 

Further, ISR mining is more discrete and, therefore, land access does not typically have to be restricted, and the area may be restored to its pre-mining usage faster than when applying traditional mining approaches. UEC has a strong track-record of reclamation and are committed to restoration of the land we operate on to its pre-mining conditions. Just this year alone, 2,879 acres of land used for our operations has been restored and reclaimed. 

We have seen a step-change across the globe with an increasing number of countries adopting plans and programs to restart, extend the life of and / or build new nuclear plants in the quest for clean, safe, highly reliable and cost-effective electricity that nuclear power provides. This drive for global clean energy, along with uranium supply and demand fundamentals, has translated into a rebalancing of the uranium market, transforming it from an inventory burdened to a production driven market. Geopolitical situations have further accelerated the transition for Western utilities looking for secure uranium supply in stable jurisdictions. 

Geopolitical instabilities, progressing trade barriers, and global net-zero goals are shifting the world’s energy outlook. UEC is well-positioned, as a North American supplier of uranium to take a leading position as a low risk and low cost supplier of uranium fuel for the growing demand in the safe, 24/7, clean energy that nuclear power provides.

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