Uranium Energy to acquire Wyoming uranium assets from Rio Tinto [Yahoo! Finance]
Uranium Energy Corp. (UEC)
NASDAQ:AMEX Investor Relations:
uraniumenergy.com/invest
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Source: Yahoo! Finance
Under the agreement, Rio Tinto will divest its Wyoming assets including the wholly owned and fully licensed Sweetwater Plant and uranium mining projects with resources estimated at 175mlb of U3O8. This agreement will see UEC purchasing 100% of the shares of two Rio Tinto subsidiaries holding these assets. Upon completion, UEC will replace around $25m in surety bonds for future reclamation costs. The acquisition includes the Red Desert and Green Mountain uranium projects, which hold significant historic uranium resources and potential for in-situ recovery (ISR) mining. UEC will use its existing liquidity to fund the deal, which is due to complete in the fourth quarter of 2024. Spanning more than 20,000 acres, the Red Desert Project holds an estimated 42mlb of U3O8 in historic resources. The Green Mountain Project, around 32,040 acres in size, contains roughly 133mlb of U3O8 across five deposits, with areas suitable for ISR and conventional mining. The Sweetwater Plant is
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UEC
News
- Uranium Energy (UEC) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Why Uranium Energy Corp. Rallied This Week [Yahoo! Finance]Yahoo! Finance
- Super Micro Computer stock pops, Wall Street awaits Nvidia: Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Uranium Energy (UEC) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- End-Use Applications Rising for Uranium as Market Expected to Reach $1.81 Billion in 2028GlobeNewswire
UEC
Earnings
- 3/8/24 - In-Line
UEC
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 8-K
- 11/7/24 - Form 8-K
- UEC's page on the SEC website