Uranium Energy Corp. (NYSE American: UEC) and Radiant Industries have announced a strategic partnership aimed at reinforcing the United States' nuclear energy infrastructure. This collaboration is grounded in a memorandum of understanding that outlines UEC's commitment to supply U.S.-origin uranium concentrates to Radiant, under terms agreed upon by both parties. The partnership is particularly significant for Radiant's Kaleidos Portable Nuclear Microreactor project, highlighting UEC's pivotal role in providing uranium for next-generation nuclear technologies, including small modular reactors and the U.S. Strategic Uranium Reserve.
The alliance between UEC and Radiant is a testament to the critical need for a secure, domestically sourced nuclear fuel supply chain, spanning from uranium mining to the deployment of microreactors. This initiative marks a crucial advancement in the U.S. nuclear energy sector, aiming to establish a comprehensive domestic uranium supply ecosystem. Through this partnership, both companies are leading the charge in the potential revolution of clean energy production, leveraging their expertise and resources to foster innovation in nuclear technology.
Uranium Energy Corp., the largest diversified North American uranium company, contributes its vast experience in uranium exploration, development, and mining to the partnership. With production-ready In-Situ Recovery (ISR) platforms in South Texas and Wyoming, and seven U.S. ISR uranium projects fully permitted, UEC is well-positioned to support the growing demand for domestic uranium. This strategic alliance not only highlights the increasing significance of nuclear energy in achieving a low-carbon future but also emphasizes the importance of domestic production and advanced microreactor technologies in ensuring energy security and promoting sustainable power generation.
For more information on Uranium Energy Corp., visit https://www.uraniumenergy.com, and for details on Radiant Industries, check https://www.radiantnuclear.com.
