Uranium Energy Corp Establishes Physical Uranium Initiative and Provides Balance Sheet Update News provided by Share this article $65.8 million in cash and equity holdings; Establishing a physical uranium inventory to take advantage of spot purchases below most industry production costs, adding additional asset value to the balance sheet; Uranium inventory will provide greater marketing flexibility for utilities, while freeing up UEC's domestic mine production for the U.S. Uranium Reserve, and other U.S. origin specific opportunities; Entered into agreements totaling $10.9 million to purchase 400,000 pounds of uranium concentrates at ConverDyn in Metropolis, Illinois at a volume weighted average price of $27.29 per lb. U3O8;