UEC to acquire Rio Tinto's Wyoming uranium assets for $175M cash

URANIUM ENERGY CORP

Adds Sweetwater Plant (licensed 4.1M lbs/yr) and ~175M lbs historic uranium resources.
Purchase price $175M funded from available liquidity; closing expected Q4 2024.
UEC will replace ~$25M in surety bonds for reclamation costs post-closing.
Adds ~53,000 acres; creates UEC's third US hub-and-spoke production platform.
Advisors: Goldman Sachs & Co. and Rothschild & Co; legal: Holland & Hart, McMillan.

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