Uranium Energy Corp. will double its uranium oxide production capacity at its Irigaray plant in the Powder River Basin, its central processing plant in Wyoming, which will top off its overall Cowboy State processing capacity at a whopping 8.1 million pounds of uranium.
Uranium oxide is the main ingredient in making yellowcake, the powdered and refined uranium used in nuclear plants and weapons.
With its Texas processing capacity, that brings UEC’s overall American production capacity to 12.1 million pounds, setting it up to become the top dog in America for uranium production, with nearly two-thirds of that production in Wyoming…