NEW YORK, January 4, 2026, 07:40 ET — Market closed.
- Uranium Energy Corp (UEC) shares closed up 12.2% on Friday at $13.11.
- Uranium miners broadly advanced after Denison flagged construction-readiness for its Phoenix ISR project, pending approvals.
- Investors are watching uranium price benchmarks and the next round of quarterly results.
Shares of Uranium Energy Corp (UEC) jumped 12.2% on Friday to end at $13.11 on the NYSE American, capping a strong first U.S. trading session of 2026.
The move tracked a wider rally across uranium-linked equities, with uranium-miner ETFs also posting sharp gains in the session. Global X Uranium ETF (URA) rose 7.8%, while Sprott Uranium Miners ETF (URNM) climbed about 10%.
Sentiment improved after Denison Mines said it was ready to make a final investment decision and commence construction of its Phoenix in-situ recovery uranium project, pending final regulatory approvals. “Denison stands ready to make a final investment decision and commence construction,” CEO David Cates said in a statement. 1
Denison’s Toronto-listed shares jumped 13.7% after the update, and Energy Fuels shares were up 15.4%, Reuters reported. 2
In-situ recovery, or ISR, is a mining method that dissolves uranium underground and pumps it to the surface, avoiding a traditional open pit. Uranium is mostly bought through privately negotiated contracts rather than an open spot market, though benchmark UxC uranium U3O8 futures have recently traded around the low-$80s per pound. 3
Uranium Energy’s jump mirrored peer gains in the latest session, with Denison’s U.S.-listed DNN up about 13.2%, Energy Fuels gaining 14.9% and Cameco rising 7.7%.
Uranium Energy itself has not posted a new company news release since its Dec. 10 quarterly results update, according to its website, leaving the stock to trade largely on sector moves and commodity sentiment. 4
The company operates and advances a portfolio of U.S. ISR uranium projects in South Texas and Wyoming, with additional projects in Canada, according to Reuters company data. 5
Even after Friday’s jump, the stock remains below its 52-week high of $17.80. It is above its 50-day moving average of $12.74, a commonly watched technical gauge of the medium-term trend. 6
Before the next session, traders will watch whether Friday’s breakout holds above $13 after the stock ranged between $11.90 and $13.23 in the latest session. Volume was about 9.0 million shares, below its average daily volume of roughly 12.5 million. 7
Attention also turns to earnings. Nasdaq data show analysts expect Uranium Energy to post a loss of 6 cents per share for the fiscal quarter ending in January. 8
