Mentioned:
Texas has a new uranium mine. And Uranium Energy Corp is behind it.
What’s happening:
- Uranium Energy Corp (NYSE: UEC) has officially started production at their Burke Hollow project after receiving final approval from the Texas Commission on Environmental Quality
Why it matters:
- The Burke Hollow project is the single largest new in situ recovery uranium mine to enter production in more than a decade in the United States of America
Going deeper:
- Uranium Energy Corp will process all of the uranium produced at the Burke Hollow project at their Hobson Central Processing plant which is also strategically located in Texas where it will be refined into uranium oxide concentrate
- Uranium Energy Corp has publicly stated they have only explored roughly half of the 20,000 acre property at their Burke Hollow project
The intrigue:
- Uranium Energy Corp made their first ever discovery at the Burke Hollow project more than a decade and a half ago
