URANIUM ENERGY CORP
For the period ended Jul 31, 2024. Filed Sep 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 27, 2024
UEC$7.17-5.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(Expressed in thousands of U.S. dollars)
| Note(s) | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| NET CASH PROVIDED BY (USED IN): | ||||
| OPERATING ACTIVITIES | ||||
| Net income (loss) for the year | $(29,221) | $(3,307) | $5,252 | |
| Adjustments to reconcile net income (loss) to cash flows in operating activities | ||||
| Stock-based compensation | 17 | 5,172 | 5,523 | 4,681 |
| Depreciation, amortization and accretion | 8,9,14 | 2,183 | 2,007 | 1,379 |
| Amortization of long-term debt discount | - | - | 525 | |
| (Income) loss from equity-accounted investment | 11 | (1,017) | 994 | (4,126) |
| Debt receivable recovery | 6 | - | - | (18,342) |
| Gain on settlement of debt receivable | 6 | - | - | (1,780) |
| (Gain) loss on disposition of assets | 27 | (20) | (6,427) | |
| Impairment loss on mineral properties | 8 | - | 112 | - |
| Fair value (gain) loss on equity securities | 19 | (27,505) | 13,083 | 1,351 |
| (Gain) loss on revaluation of derivative liabilities | 15 | 8,226 | (3,293) | - |
| Gain on settlement of liabilities | - | (428) | - | |
| Deferred tax expense (recovery) | 22 | (5,034) | 870 | (5) |
| Changes in operating assets and liabilities | ||||
| Inventories | (69,626) | 60,363 | (37,206) | |
| Prepaid expenses and deposits | (69) | 583 | (1,398) | |
| Other current assets | (5) | 383 | 17 | |
| Accounts payable and accrued liabilities | 10,360 | (4,355) | 3,262 | |
| Other liabilities | 22 | 58 | (170) | |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | (106,487) | 72,573 | (52,987) | |
| FINANCING ACTIVITIES | ||||
| Proceeds from share issuances, net of issuance costs | 16, 17 | 176,708 | 66,527 | 168,014 |
| Repayments of long-term debt | - | - | (10,000) | |
| Repayments of other loans | - | (66) | (191) | |
| Payments for withholding of employee taxes related to options, Restricted Stock Units ("RSUs") and Performance Based Restricted Stock Units ("PRSUs") | (3,632) | (1,044) | (557) | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 173,076 | 65,417 | 157,266 | |
| INVESTING ACTIVITIES | ||||
| Net cash used in U1A Acquisition | - | - | (113,588) | |
| Acquisition of UEX, net of cash acquired | 3 | - | 1,984 | - |
| Acquisition of Roughrider | 4 | - | (82,117) | - |
| Investment in mineral rights and properties | (1,440) | (101) | (590) | |
| Purchase of property, plant and equipment | (1,988) | (555) | (620) | |
| Capital contribution to equity-accounted investment | 11 | (2,876) | (1,415) | - |
| Purchase of additional interest in equity-accounted investment | 11 | (9,238) | - | - |
| Investment in equity securities | 12 | (12,115) | (47,192) | (15,215) |
| Proceeds from debt receivable recovery | 6 | - | - | 9,171 |
| Proceeds from sale of equity security | 12 | 3,008 | 4,590 | 9,980 |
| Proceeds from disposition of assets | 8 | 26 | 19 | |
| NET CASH USED IN INVESTING ACTIVITIES | (24,641) | (124,780) | (110,843) | |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 41,948 | 13,210 | (6,564) | |
| FOREIGN EXCHANGE DIFFERENCE ON CASH | (29) | (132) | - | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR | 52,865 | 39,787 | 46,351 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR | 10 | $94,784 | $52,865 | $39,787 |
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