InvestorNewsBreaks Uranium Energy Corp. (NYSE American: UEC) Completes Highly Accreditive Acquisition of Uranium One Americas

Share on Facebook

Tweet on Twitter

Uranium Energy (NYSE American: UEC) today announced that it has completed the transactions contemplated in the definitive share purchase agreement with Uranium One Investments Inc., a subsidiary of Uranium One Inc. As a result, UEC has acquired all of the issued and outstanding shares of Uranium One Americas Inc. for a total purchase price of $112 million in cash together with an additional $2.9 million in estimated working capital and the assumption of $19 million in reclamation bonding (the“acquisition”). Uranium One is the fourth largest uranium producer in the world and part of Russia’s State Atomic Energy Corporation, Rosatom.“We are very pleased to have closed this highly accretive transaction for UEC. The acquisition doubles our production capacity in three key categories: total number of permitted U.S. ISR projects, resources and processing infrastructure,” said Amir Adnani, UEC’s president and CEO.“Also, the opportunity […]

Click here to view original web page at menafn.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.