Uranium Energy Corp, headquartered in Corpus Christi, Texas, announced on November 5, 2026, that its subsidiary UEC US Uranium LLC signed definitive long-term supply agreements with two U.S. nuclear utilities. The company did not name the customers.
Together the contracts cover 1.1 million pounds of U3O8. One agreement calls for 100,000 pounds per year from 2027 through 2032, a total of 600,000 pounds. The second calls for 100,000 pounds per year from 2028 through 2032, a total of 500,000 pounds. Each delivery is priced at the prevailing spot price with no floors, ceilings, discounts or fixed pricing, which the company describes as keeping it fully unhedged. The company reported a fiscal 2026 average realized price of $93.13 per pound.
The company said its South Texas and Wyoming production platforms have about 12 million pounds per year of combined licensed capacity and would supply the new contracts and government demand. It is also in discussions with other U.S. and international utilities. The announcement cited a National Nuclear Security Administration need for 4 million pounds per year of unobligated U.S.-origin uranium, with deliveries possibly starting in 2030, and a U.S. Army plan to deploy more than 20 microreactors with similar fuel requirements.
The information comes from a company-issued release and includes forward-looking statements. Contract counterparties and further terms were not disclosed, and the figures have not been independently verified.
Source: PR Newswire (Uranium Energy Corp) -- https://www.prnewswire.com/news-releases/uranium-energy-corp-signs-unhedged-long-term-sales-contracts-with-two-prominent-us-utilities-302929945.html