(via InvestorWire) InvestorBrandNetwork (“IBN”), a
multifaceted communications organization engaged in connecting
public companies to the investment community, is pleased to
announce the release of the latest episode of The Bell2Bell
Podcast as part of its sustained effort to provide specialized
content distribution via widespread syndication channels.
The Bell2Bell Podcast delivers informative updates and exclusive
interviews with executives operating in fast-moving industries.
Bell2Bell’s latest podcast features the return of Amir Adnani,
President and CEO of Uranium Energy Corp (NYSE American: UEC), a
U.S.-based uranium mining and exploration company. Under his
guidance, Uranium Energy advanced from concept to U.S. production
in its first five years of operation. The company has since
developed an extensive pipeline of low-cost, near-term production
projects and recently put into place a physical uranium holding
initiative.
During the interview, Adnani provided an update on Uranium
Energy’s recent news and milestones since his last appearance on
The Bell2Bell Podcast, in early February.
“We’ve really strengthened our balance sheet. We now, as of our
latest announcement, have close to $95 million in cash and equity
holdings, including approximately $61 million in cash,” he said.
“The other plan that UEC has announced, which is really
transformative, is that we have established a physical uranium
holding initiative. This has really both resonated with the market
and, in my opinion, is just sound business for us.”
On March 16, 2021, Uranium Energy announced the formation of a
physical uranium inventory initiative, with agreements to purchase
400,000 pounds of U.S. warehoused uranium. UEC expanded this
program to 1.4 million pounds of U.S. warehoused uranium by
announcing further purchases and a completed financing on March 22,
2021.
“We are, as a company, focused entirely on developing low-cost
in-situ recovery uranium projects in the U.S., but we’re looking at
a spot uranium price that, after a decade of being in a bear
market, is starting to recover,” he continued. “We’re seeing great
positive signs, but the spot uranium price – in and around $30 per
pound – is still lower than the prevailing mining cost for most
industry players anywhere in the world. We saw a unique opportunity
to come out and acquire physical uranium that can be warehoused
right here in the U.S. and will give the company a balance sheet
asset that, as the uranium price goes up, can appreciate.”
On March 22, 2021, the company announced the closing of an
aggregate offering of 10 million shares of common stock at a
purchase price of $3.05 per share for gross proceeds of $30.5
million in a registered direct offering. Uranium Energy intends to
use the net proceeds of the offering for additional uranium
purchases relating to its physical uranium holding initiative, as
well as for general corporate and working capital purposes.
“This physical initiative is fully funded,” Adnani added. “It
gives us great flexibility when we’re marketing to utilities or if
we’re talking to the U.S. government, about their plans to purchase
physical uranium. We’ll have both, our projects, which we plan to
produce uranium from, and we will have our strategic inventory
holdings that will be available to the company as well.”
Join InvestorBrandNetwork’s Stuart Smith and Amir Adnani,
President and CEO of Uranium Energy Corp (NYSE American: UEC), to
hear more about Uranium Energy’s recent corporate developments,
experienced management team and near-term objectives as regulatory
tailwinds propel the U.S. uranium sector toward a bull market in
2021 and beyond.
To hear the whole episode and subscribe for future episodes,
visit: https://podcast.bell2bell.com
The latest installment of The Bell2Bell Podcast continues to
reinforce InvestorBrandNetwork’s commitment to the expansion of its
robust network of brands, client partners, followers and the
growing IBN Podcast Series. For more than 15 years, IBN has
leveraged this commitment to provide unparalleled distribution and
corporate messaging solutions to 500+ public and private
companies.
To learn more about IBN’s achievements and milestones via a
visual timeline, visit: https://IBN.fm/TimeLine
About InvestorBrandNetwork
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re-published: https://IBN.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications
InvestorBrandNetwork (IBN)Los Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
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