Uranium Energy (NYSE American: UEC) has finalized its $175.4 million acquisition of Rio Tinto’s Wyoming assets, including the fully licensed Sweetwater Plant and a portfolio of uranium mining properties with approximately 175 million pounds of historic resources. The Sweetwater Plant, with a licensed capacity of 4.1 million pounds of U₃O₈ annually, expands UEC’s production capabilities in Wyoming’s Great Divide Basin and supports both In-Situ Recovery (“ISR”) and conventional mining. The acquisition establishes UEC’s third U.S. hub-and-spoke production platform, increases its licensed production capacity to 12.1 million pounds annually, and unlocks significant exploration and operational opportunities. UEC plans to refurbish the Sweetwater Plant and update resource estimates to further advance its production strategy.
To view the full press release, visit https://ibn.fm/U5pe9
About Uranium Energy Corp.
Uranium Energy is the fastest growing supplier of the fuel for the green energy transition to a low carbon future. UEC is the largest, diversified North American focused uranium company, advancing the next generation of low-cost, environmentally friendly In-Situ Recovery (“ISR”) mining uranium projects in the United States and high-grade conventional projects in Canada. The company has two production-ready ISR hub-and-spoke platforms in South Texas and Wyoming. These platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place. 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 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. For more information about the company, visit www.UraniumEnergy.com.
NOTE TO INVESTORS:The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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