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0 0.0023014959723822 0.0023014959723822 0 -0.005753739930955 -0.005753739930955 -0.005753739930955 -0.006904487917146
Stock impact report

Uranium Energy Corp Completes Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets

Uranium Energy Corp. (UEC) 
NASDAQ:AMEX Investor Relations: uraniumenergy.com/invest
Company Research Source: PR Newswire
NYSE American: UECCASPER, Wyo., Dec. 6, 2024 /PRNewswire/ - Uranium Energy Corp. (NYSE American: UEC) (the "Company" or "UEC") is pleased 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(1) (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 P Show less Read more
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