07:55 AM EDT, 10/03/2025 (MT Newswires) -- Uranium Energy ( UEC ) announced Friday that it has launched a public offering of 15.5 million shares of common stock.

The uranium supplier also said it will grant the underwriter a 30-day option to buy up to an additional 2,325,000 shares.

The company said it will use the net proceeds to accelerate the development of a uranium refining and conversion facility in the US through its United States Uranium Refining & Conversion Corp unit. It also said it will use the net proceeds for general corporate and working capital purposes.

Shares of Uranium Energy ( UEC ) were down 2% in recent premarket activity.