Uranium Energy (NYSE American: UEC) has announced that, further to its recently announced (June 13) entry into of a definitive agreement with UEX Corporation (“UEX”) pursuant to which it is to acquire all of the issued and outstanding common shares of UEX (the “UEX Common Shares”) in an all-share transaction by way of statutory plan of arrangement, the company has now completed its C$5 million private placement in UEX. The private placement consists of the acquisition by UEC of 11,627,907 UEX Common Shares, each at a price of C$0.43. According to the update, UEC may acquire additional UEX common shares by making purchases through the facilities of the TSX subject to and in accordance with applicable laws. UEC will provide periodic updates regarding any UEX common share purchases made.
To view the full press release, visit https://ibn.fm/556Hs
About Uranium Energy Corp.
Uranium Energy is America’s leading, fastest growing, uranium mining company listed on the NYSE American. UEC is a pure play uranium company and is advancing the next generation of low-cost, environmentally friendly ISR mining uranium projects. The company has two production ready ISR hub and spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational processing capacity at the Hobson and Irigaray Processing Plants. UEC also has seven U.S. ISR uranium projects with all of their major permits in place. Additionally, the company has other diversified holdings of uranium assets, including: 1) one of the largest physical uranium portfolios of U.S. warehoused U3O8; 2) a major equity stake in the only royalty company in the sector, Uranium Royalty Corp; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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