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0 -0.000157455518815903 -0.000314911037631806 -0.000314911037631806 -0.00141709966934335 0.00110218863171155 -0.000551094315855717 0.00330656589513475
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Uranium Energy Corp Completes Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
to announce the completion of the previously announced ( September 23, 2024 ) agreement with Rio Tinto America Inc. (" Rio Tinto ") to acquire 100% of Rio Tinto's Wyoming assets, comprised of the wholly-owned and fully-licensed Sweetwater Plant and a portfolio of uranium mining properties, including the Red Desert Project and the Green Mountain Project, with approximately 175 million pounds of historic resources (the " Transaction "). The purchase price paid was approximately $175.4 million in cash and was funded with UEC's available liquidity. Amir Adnani , President and CEO, stated: " The Transaction presents a rare opportunity to acquire U.S. licensed facilities and uranium mining properties from a leading global miner. These assets will significantly enhance and accelerate UEC's production capabilities in Wyoming's Great Divide Basin. The Sweetwater Plant, a 3,000-ton-per-day processing mill with a licensed capacity of 4.1 million pounds U O annually, can also be adapted to reco Show less Read more
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