UEC · CIK 1334933
What Uranium Energy Corp. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for UEC. More may follow as additional filings are processed.
In its own words
What could break it.
Regulatory & policy
- US-Canada uranium tariffs (2025)medium
2025 US tariffs on Canadian goods set Canadian energy products including uranium at a 10% rate, and Canada imposed retaliatory 25% tariffs on US-origin uranium, raising demand/cost uncertainty for a cross-border uranium supply chain (US later removed uranium import tariffs on Sept 8, 2025).
“In the case of Canadian goods, these measures took effect on March 4, 2025 and include an additional 25% tariff on goods originating from Canada, except for Canadian energy products, which include critical minerals such as uranium that are subject to a lower rate of 10%.”
Commodity & input dependence
- Uranium (U3O8) pricelow
Pure-play uranium miner; revenue and project economics depend entirely on the U3O8 price, which averaged $73.59/lb in FY2025 (~11.4% below FY2024) and stood at $71.10/lb at fiscal year-end, down 16.84% YoY.
“These include, but are not limited to: (i) a significant, prolonged decrease in the market price of uranium; (ii) difficulty in marketing and/or selling uranium concentrates; (iii) significantly higher than expected capital costs to construct a mine and/or processing plant; (iv) significantly higher than expected extraction costs; (v) significantly lower than expected mineral extraction;”
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