URANIUM ENERGY CORP (UEC): M&A transaction — Uranium Energy Corp completes $175.4M acquisition of Rio Tinto Wyoming uranium assets

URANIUM ENERGY CORP

Completed acquisition of Rio Tinto's Wyoming assets for ~$175.4M cash, funded from available liquidity.
Acquires fully-licensed Sweetwater Plant (3,000 tpd, 4.1M lbs U3O8/yr capacity) and ~175M lbs historic uranium resources.
Combined U.S. licensed production capacity now 12.1M lbs U3O8 per year, largest in the U.S.
Replaced ~$25M in surety bonds; next steps include S-K 1300 report and plant refurbishment for ISR processing.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

URANIUM ENERGY CORP completed an acquisition involving Rio Tinto America Inc. for approximately $175.4 million in cash (closed 2024-12-05).

Action: acquisition
Counterparty: Rio Tinto America Inc.
Consideration: approximately $175.4 million in cash
Closing: 2024-12-05

Exact text from the filing

WCRC or GMMV (collectively, the “ Project ”). Pursuant to the closing of the Acquisition, on December 5, 2024, the Company on behalf of the Buyer paid the Seller approximately $175.4 million in cash. Upon completion of the Acquisition, the Company has replaced approximately $25 million in surety bonds securing future reclamation costs relating to the Project. In

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Source: SEC EDGAR

accession 0001437749-24-036864

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