Oct 12, 2022
Uranium Energy (NYSE American: UEC) today announced its entry into a definitive agreement with a subsidiary of Rio Tinto plc (“Rio Tinto”). Under the agreement, UEC will acquire 100% of Rio Tinto’s wholly owned Roughrider uranium development project located in the Athabasca Basin in Saskatchewan, Canada. “With this accretive fully funded acquisition of the Roughrider Project, we’re able to achieve multiple objectives: 1) 100% owned, development-stage assets are rare in Canada’s Athabasca basin, and we’re adding a world-class project to anchor our Canadian high-grade conventional business; 2) unlock value from the recently acquired UEX portfolio in the eastern Athabasca Basin as we now have critical mass to advance our production plans; and 3) accelerate production plans for our Canadian high-grade conventional business given the advanced stage of Roughrider and the first-tier ESG, geotechnical and permitting work completed by Rio Tinto since 2012. We thank Rio Tinto for entrusting UEC with the Roughrider Project and welcome them as our new shareholder.”
To view the full press release, visit https://ibn.fm/grBR9
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 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, anchored by fully licensed and operational central processing plants. UEC also has 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
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.
Karl Bushby has walked 31,000 miles, crossing some of the world’s harshest landscapes. He plans to reach his mother’s house in England next week.
A South Korean special prosecutor on Thursday demanded the death penalty for ousted president Yoon Suk-yeol, ahead of an appeal court verdict on rebellion charges over his brief imposition of martial law in December 2024. The Seoul High Court has yet to set a date for a verdict on Yoon’s appeal of a life sentence handed down in February by the Seoul Central District Court. The court found that he illegally mobilised troops and police to seize the legislature, arrest political opponents and...
Indonesia’s communications minister has urged calm after a former Singaporean nominated member of parliament (NMP) suggested the city state could disrupt its neighbour’s internet access, arguing that any outage would cripple connectivity on both sides. Communication and Digital Affairs Minister Meutya Hafid said the government and public “need not be irritated” by comments from ex-NMP Calvin Cheng. In Singapore, NMPs are appointed to bring non-partisan perspectives to the legislature; they do...
Two friends claimed trial to a charge of animal cruelty at the Sessions Court in the Malaysian state of Penang for allegedly dragging a dog tied to a motorcycle last month. Lee Beng Hooi and Yeoh Keat Chye, both 62, pleaded not guilty to the charge read before judge Irwan Suainbon on Thursday. They were jointly charged with dragging a female black dog on an iron chain along the road using a motorcycle, causing the animal unnecessary pain and suffering. The offence allegedly occurred along a back...
Chinese tech giant Tencent Holdings is using Southeast Asia as a launch pad to take its “cost-effective” artificial intelligence tools global, fronted by its workplace assistant WorkBuddy, amid cutthroat competition at home. The company was targeting existing regional customers of its cloud computing and big data services, particularly in markets such as Indonesia, according to Dowson Tong, CEO of Tencent’s Cloud and Smart Industries Group. The international push coincided with triple-digit...
News organizations owned by two billionaires close to Prime Minister Narendra Modi say the legislation could make investigative reporting nearly impossible.
The move will block shipments from BGI, a major Chinese firm that U.S. officials allege is associated with forced labor and the abuse of minority groups.
North Korea fired “around a dozen” short-range ballistic missiles off its east coast on Thursday, Seoul’s defence ministry said, less than a week after South Korea proposed talks over a growing border row. South Korea’s Joint Chiefs of Staff said its military detected “around a dozen short-range ballistic missiles fired from the Wonsan area of North Korea towards the East Sea”, the body of water also known as the Sea of Japan. “Our military has stepped up surveillance and vigilance against...
Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks, despite blockbuster third-quarter revenue driven by strong artificial intelligence demand. Both stocks plunged more than 10 per cent during Thursday morning trading, reversing Wednesday’s rallies of 8.4 per cent for Biwin and 5.8 per cent for Moore Threads. By the end of the day, Biwin was down 15.79 per cent and Moore Threads was down...
A South Korean court on Thursday rejected a lawsuit by dozens of Tesla owners seeking full refunds for money paid for Full Self-Driving (FSD) driver-assistance software, ruling that the carmaker had not breached its contractual obligations. The Seoul Central District Court ruled against the 88 plaintiffs, finding that the FSD option did not promise fully autonomous driving without human intervention and that Tesla had already provided some of the functions included in the package. The court...
With Halloween approaching, Japanese municipalities are stepping up measures against disruptive celebrations in major entertainment districts as larger crowds are expected this year, with the event falling on a Saturday. Halloween is not a traditional festivity in Japan, but has evolved into a major urban event in recent years, particularly in Tokyo’s Shibuya district, where revellers in costumes gather for street celebrations. The festivities have increasingly become associated with public...
Thai authorities have vowed to seize more than US$1 billion in assets from a group accused of laundering proceeds from Southeast Asia-based scam syndicates. A criminal court issued arrest warrants on Tuesday for the alleged ringleader, South African Benjamin Mauerberger, his Thai wife Cattaliya Beevor, Cambodian businessman Yim Leak and four others, police said. Media reports have previously linked Mauerberger, also known as Ben Smith, to transnational scam operations in Cambodia, part of a...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.