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-0.000751545269099239 1.53376585530095E-05 0.00254605131980544 0.00308286936916214 -0.00151842819675149 -0.0130216721115355 -0.0191567355327536 -0.0306599794475376
Stock impact report

Uranium Energy Inks Deal to Buy Rio Tinto's Wyoming Uranium Assets [Yahoo! Finance]

Uranium Energy Corp. (UEC) 
NASDAQ:AMEX Investor Relations: uraniumenergy.com/invest
Company Research Source: Yahoo! Finance
This move will enable Uranium Energy to increase its production capacity. Details of Uranium Energy's Uranium Assets Acquisition UEC will pay $175 million for Rio Tinto's Wyoming assets, which include the totally owned and fully licensed Sweetwater Plant, as well as the Red Desert and Green Mountain uranium mining projects. Upon completion, Uranium Energy will renew approximately $25 million in surety bonds to cover future reclamation costs. The transaction will be funded using the company's existing liquidity. The Red Desert Project covers more than 20,000 acres, while the Green Mountain Project is approximately 32,040 acres long and includes sites 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. The transaction is expected to close in the fourth quarter of 2024. UEC's Benefits From the Deal This acquisition is a significant step forwa Show less Read more
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