UEC has just reported that they have been able to complete the ramp-up program for the Christensen Ranch ISR project in Wyoming. This is another major step toward uranium production ramp-up in 2024. Uranium recovered at Christensen Ranch will be processed at UEC's Irigaray Power Plant. Irigaray CPP is the centerpiece of the company's Wyoming ISR Hub and Spoke operation. UEC is still heavily shorted - and if the U.S. imposes a ban on imports of Eastern European uranium, encourages domestic uranium mining while having to buy from the world market, and continues to contract, then the price of uranium is likely to continue to rise and the short-seller's coverage risk will become ever greater.
Uranium Energy Completes Restart Program at the Christensen Ranch ISR Project in Wyoming
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