Uranium Energy Stock Price, News & Analysis

Uranium Energy Corp (UEC) has completed its acquisition of the Roughrider uranium project from Rio Tinto for a total of $150 million, comprising $80 million in cash and approximately $70 million in UEC shares. The Roughrider project, located in Saskatchewan's Athabasca Basin, has a historic resource estimate of 58 million lbs of U3O8 at an average grade of 4.73%. UEC now possesses a significant resource base in Canada’s uranium mining sector, enabling the company to enhance future production plans and meet growing demand for nuclear energy amid global decarbonization efforts.

Uranium Energy Corp (UEC) has announced the acquisition of the Roughrider uranium project from Rio Tinto for a total of $150 million, consisting of $80 million in cash and $70 million in UEC stock. This cash is fully funded by UEC's existing $173 million in liquid assets. The Roughrider project has a historic resource of 58 million lbs of U₃O₈ in a high-grade region of the Athabasca Basin. UEC aims to accelerate production plans while enhancing its Canadian uranium portfolio.

Uranium Energy Corp (NYSE American: UEC) invites investors to its presentation at the TD Securities Virtual Uranium Roundtable on October 12, 2022, at 2:10 PM EST. Interested individuals can register via the provided link for a live webcast. The recording will be available on UEC's website for 90 days post-conference. UEC is a leader in uranium supply for the green energy transition, with significant projects across the U.S. and Canada, including ISR mining initiatives and a notable physical uranium portfolio.

Uranium Energy Corp (UEC) announces a significant discovery of high-grade uranium at its 82.775% owned Christie Lake Project in Saskatchewan, Canada, part of a $171 million acquisition of UEX Corporation. Recent drill results revealed a historic high-grade mineralized intersection of 68.7% eU₃O₈ over 2.1 meters, contributing to UEC's growing resource base in the strategically located eastern Athabasca Basin. Mineralization at the new Sakura Zone remains open for further exploration, with plans for a winter drilling program commencing in January 2023.

Uranium Energy Corp (NYSE: UEC) reported significant growth in its fiscal 2022, highlighted by the acquisition of Uranium One Americas for $125 million and UEX for $171.3 million, doubling its U.S. production capacity. The company boasts $173.3 million in cash and liquid assets with no debt, and generated $22.95 million in revenue from uranium sales. As of September 29, 2022, it holds 5.5 million pounds of U.S. warehoused uranium. UEC aims to lead in low-cost uranium supply amid rising global demand for nuclear energy, underscored by geopolitical factors.

Uranium Energy Corp (NYSE: UEC) announced a significant filing, detailing the largest S-K 1300 uranium resources in the U.S. This includes 66,198,200 lbs of Measured and Indicated Resources and 15,053,700 lbs of Inferred Resources across several projects, combining resources from Uranium One Americas and Anfield Energy. The company aims to lead U.S. uranium production with fully permitted In-Situ Recovery projects in Wyoming. UEC's strategic acquisitions since 2017 enhance its position amid geopolitical tensions, emphasizing the importance of domestic uranium production.

Uranium Energy Corp (NYSE American: UEC) supports the White House's request for $1.5 billion from Congress to reduce U.S. reliance on Russian nuclear fuel. This funding, announced on September 2, 2022, aims to acquire Low Enriched Uranium (LEU) and High-Assay Low Enriched Uranium (HALEU) for the U.S. nuclear fleet, critical for powering 20% of American homes. UEC emphasizes the urgent need to increase domestic uranium production, as the U.S. currently depends on imports for 60% of its uranium supply.

Uranium Energy Corp (NYSE American: UEC) announced the closing of its acquisition of UEX Corporation (TSX: UEX) under the Canada Business Corporations Act. This acquisition, approved by UEX shareholders and the Supreme Court of British Columbia, involved UEX shareholders receiving 0.090 UEC shares for each UEX share. UEC aims to delist UEX shares and cease UEX's reporting obligations. This merger positions UEC as the largest diversified North American uranium company, enhancing its resource portfolio and production capabilities while maintaining a robust financial position with over $180 million in cash.

On August 15, 2022, Uranium Energy Corp (UEC) announced an amendment to its acquisition agreement with UEX Corporation. The updated terms specify that UEX shareholders will receive 0.090 UEC shares for each UEX share, valuing UEX shares at approximately C$0.497. A termination fee of US$9 million is included if the deal is terminated under specific circumstances. The deal follows a competing acquisition proposal. The transaction is set for a special securityholders meeting today, with expectations for completion by the end of August, pending necessary approvals.