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
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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
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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