Corpus Christi, Texas – November 05, 2026 -- Uranium Energy Corp (NYSE American: UEC) has signed definitive long-term sales agreements with two U.S. nuclear utilities for 1.1 million pounds of uranium concentrates (U3O8), with every pound priced at prevailing spot market levels.
Contracts run through 2032 at 100,000 pounds per year each
The agreements were signed by subsidiary UEC US Uranium LLC. Deliveries under one contract start in 2027 and under the other in 2028. Both run through 2032 at 100,000 pounds annually. The contracts carry no floors, ceilings, discounts or fixed pricing, so UEC keeps full exposure to future uranium prices.
Unhedged strategy delivered $93.13 per pound in fiscal 2026
UEC says its unhedged approach produced a peer-leading average price of $93.13 per pound in fiscal year 2026. Executive Vice President Scott Melbye described the contract terms as reflecting a "patient and disciplined" sales approach. He cited a widening global supply deficit and continued U.S. reliance on imported uranium as factors raising the value of domestic production.
Federal agencies outline demand for 4 million pounds a year
The National Nuclear Security Administration has identified a need for 4 million pounds per year of unobligated U.S.-origin uranium, with deliveries starting as soon as 2030. The U.S. Army plans to deploy more than 20 microreactors with a similar requirement. UEC says it can supply these needs from its Texas and Wyoming operations, and it is in talks with other U.S. and international utilities.
UEC reports licensed production capacity of about 12 million pounds per year across its Wyoming and South Texas platforms.