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Uranium Energy Corp Announces Receipt Of A Competing Offer To Acquire Uex Corporation

PUBLIC · UECJul 28, 2022

Acquiring Company

Uranium Energy

Acquired Company

UEX

VancouverOtherEnergyRenewable EnergyMiningMineral

Description

Uranium Energy Corp. (NYSE American: UEC) (the "Company" or "UEC") announces that it has received a notice from UEX Corporation ("UEX") that Denison Mines Corp. ("Denison") has made an acquisition proposal for all of the issued and outstanding shares of UEX (the "Denison Proposal") pursuant to a plan of arrangement. UEX has further advised UEC that the board of directors of UEX has determined that the Denison Proposal constitutes a "Superior Proposal" as defined in the arrangement agreement (the "Arrangement Agreement") dated June 13, 2022, as amended June 23, 2022, among UEX, UEC and the UEC 2022 Acquisition Corp. and that UEX intends (subject to UEC's right to match the Denison Proposal) to enter into an agreement with Denison to implement the Denison Proposal.

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Company Information

Company

Uranium Energy

Location

Vancouver, British Columbia, Canada

About

Uranium Energy Corporation is a uranium mining and exploration company. It engages in the acquisition, exploration, and development of uranium properties in the United States. The company is focused on sustainable and responsible mining practices. Uranium Energy aims to become a leading supplier of uranium in the market.

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Frequently asked

Who acquired UEX?

UEX was acquired by Uranium Energy, based in Vancouver. The deal was reported on July 28, 2022. Uranium Energy Corporation is a uranium mining and exploration company. It engages in the acquisition, exploration, and development of uranium properties in the United States. Uranium Energy is publicly traded (UEC) and operates in Other.

When did Uranium Energy acquire UEX?

Uranium Energy's acquisition of UEX was reported on July 28, 2022. Uranium Energy Corp. (NYSE American: UEC) (the "Company" or "UEC") announces that it has received a notice from UEX Corporation ("UEX") that Denison Mines Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does UEX do?

UEX is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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