Uranium Energy Corp Expands U.S. Production Capacity with Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets

NYSE American: UEC

CASPER, Wyo, Sept. 23, 2024 /CNW/ - Uranium Energy Corp. (NYSE American: UEC) the "Company" or "UEC") is pleased to announce that it has entered into an agreement with Rio Tinto America Inc. ("Rio Tinto") to acquire 100% of Rio Tinto's Wyoming assets, comprised of the wholly-owned and fully-licensed Sweetwater Plant  and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources⁽¹⁾ (the "Transaction"). The purchase price payable at closing is $175 million, subject to customary working capital adjustments, and will be funded with UEC's available liquidity.