Uranium Energy Corp filed an 8-K press release on November 5, 2026, announcing that its subsidiary UEC US Uranium LLC has entered into definitive long-term uranium supply agreements with two U.S. nuclear utilities covering 1,100,000 pounds of uranium concentrates to be delivered over six years at prevailing spot market prices.

Key Highlights

  • Total volume: 1,100,000 pounds of uranium concentrates (U3O8) across both contracts combined.
  • Delivery schedule: One contract runs from 2027 through 2032 at 100,000 pounds per year; the other runs from 2028 through 2032 at 100,000 pounds per year.
  • Pricing terms: Every pound is priced at prevailing spot market prices, with no floors, ceilings, discounts, or fixed pricing, keeping the company fully unhedged.
  • Prior realized price: UEC reported a peer-leading average realized price of $93.13 per pound in fiscal year 2026, according to the filing.
  • Counterparties: The filing describes the buyers as "two prominent U.S. nuclear utilities," without naming them.
  • Government demand context: The filing states the National Nuclear Security Administration has outlined a need for 4 million pounds per year of unobligated U.S.-origin uranium, with deliveries as soon as 2030.

UEC Enters Six-Year Spot-Priced Uranium Supply Deals With Two U.S. Utilities

According to the filing, Uranium Energy Corp's subsidiary UEC US Uranium LLC signed the definitive agreements with two U.S. nuclear utilities, with all deliveries to be priced at prevailing spot market prices. The company disclosed that the contracts contain "no floors, ceilings, discounts or fixed pricing," a structure it characterized as consistent with its "patient and disciplined unhedged sales approach." The company reported that this approach produced an average realized price of $93.13 per pound in fiscal year 2026, which the filing describes as "peer-leading."

The two contracts differ slightly in start date. One calls for deliveries of 100,000 pounds per year from 2027 through 2032, while the other covers 100,000 pounds per year from 2028 through 2032, bringing the combined total to 1,100,000 pounds. Scott Melbye, Executive Vice President, stated in the filing that UEC is "honored to partner with these leading American utilities" and that the terms "reflect our patient and disciplined unhedged sales approach." The filing attributes to him the view that "domestic production is becoming increasingly valuable for supply assurance and national security objectives," which the company described as its own belief and subject to its cautionary language on forward-looking statements.

The filing also noted broader demand signals. The National Nuclear Security Administration, according to the disclosure, "has outlined a need for 4 million pounds per year of unobligated U.S.-origin uranium, with deliveries as soon as 2030," and the U.S. Army plans to deploy more than 20 microreactors with a similar requirement. UEC stated it "is positioned to support these needs" from its Texas and Wyoming operations. The company trades on NYSE American:UEC and describes itself as "America's largest and fastest growing uranium company," controlling approximately 12 million pounds per year of licensed production capacity across its Wyoming and South Texas platforms.

What Was Disclosed

Uranium Energy Corp announced two definitive long-term uranium supply contracts with U.S. utilities covering a combined 1,100,000 pounds of U3O8 deliverable from 2027 to 2032, all priced at spot market rates with no hedging terms, as disclosed in a press release dated November 5, 2026.