Uranium Energy Generates $3.08 Million in Cash from Sale of Uranium Inventory

Uranium Energy Corp. (NYSEMKT:UEC) announced that it has received $3.08 million in cash proceeds from the sale of uranium inventory.

As quoted in the press release:

This sale was completed subsequent to the Company’s fiscal third quarter ended April 30, 2015, and will be reported in the Company’s year-end results for the fiscal year ending July 31, 2015. The sale price of $38.50/lb. is 8.5% higher than the current spot price.

Click here to read the full Uranium Energy Corp. (NYSEMKT:UEC) press release.