Uranium Energy Corp is a U.S. uranium mining and development company. The company extracts uranium concentrate, or yellowcake, using in-situ recovery (ISR) mining across projects in Wyoming and South Texas, selling the product to nuclear utilities and government entities. Uranium Energy Corp operates two hub-and-spoke processing platforms: the Irigaray central processing plant in Wyoming, fed by the Christensen Ranch mine, and the Hobson processing plant in South Texas, fed by the Burke Hollow mine. The company operates a fully unhedged sales model without long-term delivery contracts, selling extracted uranium and stored physical inventory opportunistically at prevailing spot market prices. Uranium Energy Corp reports through two segments: Mining, covering exploration, development, and extraction across the U.S., Canada, and Paraguay, and Corporate, covering physical uranium inventory management and equity investments. The company is expanding production by developing satellite ISR deposits, refurbishing the Sweetwater processing complex in Wyoming, advancing development projects in Canada, and planning a domestic refining and conversion facility.