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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