05:04 AM EDT, 09/02/2025 (MT Newswires) -- Uranium Energy ( UEC ) said Tuesday it has launched a new subsidiary, United States Uranium Refining & Conversion.

The proposed facility will refine and convert uranium into uranium hexafluoride for nuclear fuel production, with a planned annual capacity of 10,000 metric tonnes, which represents more than half of the current US demand.

The project will proceed in phases, with site selection, stakeholder engagement and regulatory approvals currently underway, the company said.