The amended RML from the TCEQ would increase Hobson’s licensed production capacity by four-fold to 4 million pounds of U3O8 annually, distinguishing the plant as having the largest licensed capacity in Texas and the second largest in the US.
“We continue to execute on our strategy of growing UEC’s leadership as a pure-play, un-hedged uranium supplier in politically stable jurisdictions. Today’s achievement increases and advances our production capabilities in South Texas as we work towards the company’s return to production,” UEC CEO Amir Adnani said in a media statement.
South Texas is one of two production-ready ISR hub and spoke platforms held by UEC, the other being Wyoming. Together, the two platforms contain 12 satellite projects, seven of which are fully licensed, with over 71 million lb. of measured and indicated resources and 17 million lb. of inferred resources in place.
According to the August 2022 S-K 1300…
