Uranium Energy Corp Completes Acquisition of Uranium One Americas to Create America’s Largest Uranium Mining Company

Uranium Energy Corp Completes Acquisition of Uranium One Americas to Create America’s Largest Uranium Mining Company

Corpus Christi, TX, December 20, 2021 – Uranium Energy Corp. (NYSE American: UEC, the “ Company ” or “ UEC ” – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ ) is pleased to announce the Company has completed the transactions contemplated in the definitive share purchase agreement with Uranium One Investments Inc., a subsidiary of Uranium One Inc. (“Uranium One”), and has acquired all of the issued and outstanding shares of Uranium One Americas, Inc. (“U1A”) for a total purchase price of $112 million in cash together with an additional $2.9 million in estimated working capital (primarily pre-paid insurance and land payments) and the assumption of $19 million in reclamation bonding (the “ Acquisition ”). Uranium One is the world’s fourth largest uranium producer and part of Russia’s State Atomic Energy Corporation, Rosatom.

The Acquisition was fully funded with […]

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