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Stock impact report

UEC Acquires Rio Tinto's Sweetwater Plant & Wyoming Uranium Assets [Yahoo! Finance]

Uranium Energy Corp. (UEC) 
NASDAQ:AMEX Investor Relations: uraniumenergy.com/invest
Company Research Source: Yahoo! Finance
This strategic move boosts Uranium Energy's annual production capacity to 12.1 million pounds of uranium. Rio Tinto's Wyoming assets include the fully licensed Sweetwater Plant and the Red Desert and Green Mountain uranium mining projects (both of which are in development-stage). The projects have a combined 175 million pounds of historic resources. The Red Desert Project covers approximately 20,005 acres of exploration and mining rights in the Great Divide Basin. It includes 17,750 acres of unpatented mining claims, 1,975 acres of patented lands and 1,280 acres of state uranium leases. The Green Mountain Project encompasses approximately 32,040 acres and includes 29,400 acres of unpatented mining claims, 640 acres of patented lands and 2,000 acres of state uranium leases. It has sites that are suitable for in-situ recovery (ISR) and conventional mining. The Sweetwater Plant can process 3,000 tons of uranium per day. It has a licensed capacity of 4.1 million pounds of uranium. Show less Read more
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