M&A
confidence high
sentiment positive
materiality 0.75
Uranium Energy Corp acquires Rio Tinto's Wyoming uranium mill and mine assets for $175M cash
URANIUM ENERGY CORP
- Purchase price $175M cash subject to working capital adjustments; closing expected Q4 2024.
- Assets include Sweetwater uranium mill, Jackpot & Big Eagle properties, 50% interest in Green Mountain Mining Venture.
- UEC to replace ~$25M in surety bonds for reclamation; acquisition expands Wyoming processing capacity.
- Closing conditioned on Wyoming Nuclear Regulator preliminarily approving transfer of Radioactive Materials License.