Uranium Energy Corp Increases Holdings in Anfield Energy

Rhea-AI Summary

Uranium Energy Corp (NYSE: UEC) has significantly increased its stake in Anfield Energy by acquiring 170,000,000 common shares at CAD $0.115 per share, totaling CAD $19.55 million. This acquisition boosts UEC's ownership to 373,415,775 shares, representing 32.4% of Anfield's outstanding shares on a non-diluted basis and 37.6% on a partially diluted basis. Prior to this transaction, UEC held 17.6% non-diluted and 24.0% partially diluted ownership. The company also holds 96,272,918 Anfield Warrants, exercisable at CAD $0.18 per share until May 2027. UEC, America's largest uranium supplier, operates three ISR hub-and-spoke platforms in South Texas and Wyoming, with operations recently restarted at the Christensen Ranch Project.

Positive

• UEC significantly increases strategic position in Anfield Energy from 17.6% to 32.4% ownership
• Acquisition price of CAD $0.115 per share represents a favorable entry point
• Additional upside potential through 96.2M warrants exercisable at CAD $0.18 until May 2027
• Transaction strengthens UEC's position as America's largest uranium supplier

Negative

• Significant cash outlay of CAD $19.55 million for the acquisition
• Investment subject to uranium market volatility and pricing risks
• No immediate revenue contribution from the investment

Insights

Investment Strategist

UEC significantly increased its strategic position in Anfield Energy, raising ownership from 17.6% to 32.4% through a $19.55M CAD investment.

UEC's acquisition of $19.55 million CAD worth of Anfield Energy shares represents a strategic positioning in the uranium sector. The company purchased 170 million shares at $0.115 CAD each, boosting its ownership from 17.6% to 32.4% on a non-diluted basis, and to 37.6% if we account for UEC's warrants. This substantial increase gives UEC significant influence without triggering mandatory takeover provisions.

The transaction structure is particularly noteworthy. UEC utilized the "private agreement exemption" to avoid launching a formal takeover bid, suggesting a carefully planned acquisition strategy. The purchase price of $0.115 CAD per share stayed below the 115% threshold of market price required by regulations, demonstrating UEC's disciplined approach to capital deployment.

This move aligns with UEC's broader strategy as "America's largest and fastest growing supplier of uranium." The company is systematically consolidating its position in the uranium market through multiple channels: direct mining operations, physical uranium holdings, royalty investments, and now increased ownership in development-stage companies like Anfield. The carefully worded statement that UEC "may from time to time in the future decrease or increase" its Anfield ownership suggests this could be part of a longer-term strategy, potentially leading to full acquisition if market conditions and Anfield's resource development progress favorably.

NYSE American: UEC

CORPUS CHRISTI, Texas, June 20, 2025 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") announces that it has acquired 170,000,000 common shares (the "Anfield Shares") of Anfield Energy Inc. ("Anfield") (TSX-V: AEC) by private agreement at a price of $0.115 (Canadian dollars) per share for aggregate consideration of $19,550,000 (Canadian dollars).

Immediately after the acquisition, the Company had beneficial ownership, and control and direction of, a total of 373,415,775 Anfield Shares, representing approximately 32.4% of the outstanding Anfield Shares on a non-diluted basis and approximately 37.6% of the outstanding Anfield Shares on a partially diluted basis after assuming the exercise of the 96,272,918 share purchase warrants of Anfield (the "Anfield Warrants") held by the Company at the time of the acquisition.

Immediately prior to the acquisition, the Company had beneficial ownership, and had control and direction of, a total of 203,415,775 Anfield Shares and 96,272,918 Anfield Warrants, representing approximately 17.6% of the outstanding Anfield Shares at such time on a non-diluted basis and approximately 24.0% on a partially diluted basis after assuming the exercise of all of Anfield Warrants held by the Company. Each Anfield Warrant is exercisable into an Anfield Share at a price of $0.18 (Canadian dollars) per share until May 12, 2027.

The Anfield Shares were acquired by the Company for investment purposes. The Company will continue to monitor the business, prospects, financial condition and potential capital requirements of Anfield. Depending on its evaluation of these and other factors, the Company may from time to time in the future decrease or increase, directly or indirectly, its ownership, control or direction over securities of Anfield through market transactions, private agreements, subscriptions from treasury or otherwise, or may in the future develop plans or intentions relating to any of the other actions listed in paragraphs (a) through (k) of Item 5 of Form 62-103F1 – Required Disclosure under the Early Warning Requirements.

The acquisition was made in reliance on the "private agreement exemption" contained in section 4.2 of National Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62-104") on the basis that the purchase of the Anfield Shares was not made from more than five persons in the aggregate, the offer to purchase was not made generally to all holders of Anfield Shares and the value of the consideration paid for the Anfield Shares by the Company pursuant to the acquisition, including fees any fees and commissions, was not greater than 115% of the market price of Anfield Shares at the date of the acquisition as determined in accordance with NI 62-104.

The Company has filed an early warning report under Anfield's profile at SEDAR+ at www.sedarplus.ca in connection with the acquisition under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Requirements. To obtain more information or a copy of such report, please contact Josephine Man, Chief Financial Officer, at the contact details below.

All ownership percentages herein are based upon the number of outstanding Anfield Shares as at May 26, 2025 disclosed by Anfield in its Management's Discussion and Analysis for the three months ended March 31, 2025. The Company's U.S. corporate headquarters address is 500 North Shoreline Boulevard, Suite 800N, Corpus Christi, Texas, 78401 and its Canadian corporate headquarters address is 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2. Anfield's head office is located at 4390 Grange Street, Suite 2005, Burnaby, British Columbia V5H 1P6.

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. UEC is advancing the next generation of low-cost, environmentally friendly ISR mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has three ISR hub-and-spoke platforms in South Texas and Wyoming. These production platforms are anchored by licensed Central Processing Plants that will be served by a pipeline of satellite ISR projects, including seven that already have their major permits in place. In August 2024, operations were restarted and ramp-up commenced at the Christensen Ranch Project in Wyoming, sending uranium loaded resin to the Irigaray Plant (Wyoming Powder River Basin hub). Additionally, the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. warehoused U₃O₈; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects. The Company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, information presented in this news release constitutes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential" and various of such terms and similar expressions. Such forward-looking statements may include statements regarding the Company's business plans and strategies. Forward-looking statements are based upon assumptions, which may prove to be incorrect, including, among others, assumptions regarding uranium markets and pricing and Anfield's ability to execute its business plans and the other assumptions set forth herein. Forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Such risks and other factors include, among others volatility in the demand and price for uranium, risks inherent in the estimation of mineral resources; accidents, labor disputes, permitting and other risks inherent to the mining industry title disputes, economic conditions and other risks set forth in the Company's most recent annual report on Form 10-K and other public filings at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Except as may be required under applicable law, the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

View original content:https://www.prnewswire.com/news-releases/uranium-energy-corp-increases-holdings-in-anfield-energy-302487436.html

SOURCE Uranium Energy Corp

FAQ

What percentage of Anfield Energy does Uranium Energy Corp now own?

UEC now owns 32.4% of Anfield Energy's outstanding shares on a non-diluted basis and 37.6% on a partially diluted basis after the acquisition.

How many Anfield Energy shares did UEC purchase and at what price?

UEC purchased 170,000,000 common shares of Anfield Energy at CAD $0.115 per share, for a total investment of CAD $19.55 million.

What is the exercise price and expiry date of UEC's Anfield Energy warrants?

UEC holds 96,272,918 Anfield Warrants exercisable at CAD $0.18 per share until May 12, 2027.

What was UEC's ownership percentage in Anfield Energy before this acquisition?

Prior to the acquisition, UEC owned 17.6% of Anfield Energy's shares on a non-diluted basis and 24.0% on a partially diluted basis.

Why did Uranium Energy Corp increase its stake in Anfield Energy?

UEC acquired the shares for investment purposes and will continue to monitor Anfield's business, prospects, financial condition, and potential capital requirements for future investment decisions.