Uranium Energy (NYSE American: UEC) has acquired 107,142,857 common shares of Anfield Energy Inc. (TSX-V: AEC) for $10.46 million ($15 million Canadian) through a subscription agreement. The purchase increases UEC’s ownership to 203,415,775 Anfield shares, representing approximately 17.8% of outstanding shares on a non-diluted basis and 24.2% on a partially diluted basis, assuming the exercise of all warrants. Prior to the acquisition, UEC held 96,272,918 Anfield shares and an equal number of warrants. UEC acquired the shares for investment purposes and has committed not to exercise warrants to become a “Control Person” under TSX Venture Exchange policies without approval. An early warning report regarding the acquisition is available on SEDAR+.
To view the full press release, visit https://ibn.fm/oEEkj
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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