CORPUS CHRISTI, April 9, 2021 – Uranium Energy Corp. (NYSE: UEC) (the "Company" or "UEC") is pleased to announce the closing of its previously announced offering of an aggregate of 3,636,364 shares of common stock of the Company (each, a "Share") at a purchase price of $3.30 per Share and for gross proceeds of $12,000,000 in a registered direct offering (the "Offering").
The Company offered and sold the Shares pursuant to a Securities Purchase Agreement, dated April 5, 2021, with certain institutional investors.
UEC anticipates that the net proceeds of the Offering will be used for additional uranium purchases and for general corporate and working capital purposes.
Following the closing of this offering, the Company has over $110 million in cash, equity and inventory holdings.UEC’s physical uranium initiative is fully funded with cash on hand and now includes 2.105 million pounds of U.S. warehoused uranium at a volume weighted average price of […]
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