URANIUM ENERGY CORP
For the period ended Jul 31, 2025. Filed Sep 24, 2025.
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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.
FY2025 · Filed Sep 24, 2025
UEC$7.17-5.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in thousands of U.S. dollars)
| Notes | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| NET CASH PROVIDED BY (USED IN): | ||||
| OPERATING ACTIVITIES | ||||
| Net loss for the year | $(87,656) | $(29,221) | $(3,307) | |
| Adjustments to reconcile net loss to cash flows in operating activities | ||||
| Stock-based compensation | 6,015 | 5,172 | 5,523 | |
| Depreciation, amortization and accretion | 7, 8, 13 | 4,486 | 2,183 | 2,007 |
| (Income) loss from equity-accounted investment | 10 | 3,352 | (1,017) | 994 |
| (Gain) loss on disposition of assets | 98 | 27 | (20) | |
| Impairment loss on mineral properties | 7 | - | - | 112 |
| Fair value (gain) loss on equity securities | 18 | 18,051 | (27,505) | 13,083 |
| (Gain) loss on revaluation of derivative liabilities | 14 | (1,706) | 8,226 | (3,293) |
| Gain on settlement of liabilities | - | - | (428) | |
| Deferred tax expense (recovery) | 21 | (2,779) | (5,034) | 870 |
| Changes in operating assets and liabilities | ||||
| Inventories | (2,305) | (69,626) | 60,363 | |
| Prepaid expenses, deposits and other receivables | 232 | (74) | 966 | |
| Other non-current assets | 519 | - | - | |
| Accounts payable and accrued liabilities | (2,993) | 10,360 | (4,355) | |
| Other liabilities | 228 | 22 | 58 | |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | (64,458) | (106,487) | 72,573 | |
| FINANCING ACTIVITIES | ||||
| Proceeds from share issuances, net of issuance costs | 15, 16 | 287,513 | 176,708 | 66,527 |
| Repayments of other loans | - | - | (66) | |
| Payments for withholding of employee taxes related to options, Restricted Stock Units ("RSUs") and Performance Based Restricted Stock Units ("PRSUs") | (2,674) | (3,632) | (1,044) | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 284,839 | 173,076 | 65,417 | |
| INVESTING ACTIVITIES | ||||
| Acquisition of Sweetwater Assets | 5 | (179,598) | - | - |
| Acquisition of UEX, net of cash acquired | 3 | - | - | 1,984 |
| Acquisition of Roughrider Project | 4 | - | - | (82,117) |
| Investment in mineral rights and properties | (215) | (1,440) | (101) | |
| Purchase of property, plant and equipment | (5,480) | (1,988) | (555) | |
| Capital contribution to equity-accounted investment | 10 | (538) | (2,876) | (1,415) |
| Purchase of additional interest in equity-accounted investment | 10 | - | (9,238) | - |
| Investment in equity securities | 11 | (25,695) | (12,115) | (47,192) |
| Proceeds from sale of equity securities | 11 | 54,438 | 3,008 | 4,590 |
| Proceeds from disposition of assets | 59 | 8 | 26 | |
| NET CASH USED IN INVESTING ACTIVITIES | (157,029) | (24,641) | (124,780) | |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 63,352 | 41,948 | 13,210 | |
| FOREIGN EXCHANGE DIFFERENCE ON CASH | 1 | (29) | (132) | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR | 94,784 | 52,865 | 39,787 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR | 9 | $158,137 | $94,784 | $52,865 |
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