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Uranium Energy Corp Acquires Portfolio Of Canadian Uranium Exploration Projects In Saskatchewan'S Athabasca Basin From Rio Tinto Exploration Canada Inc.

PUBLIC · UECAug 22, 2023

Acquiring Company

Uranium Energy

VancouverOtherEnergyRenewable EnergyMiningMineral

Description

Uranium Energy Corp (NYSE American: UEC), the "Company" or "UEC") is pleased to announce that the Company has closed a purchase agreement with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto Inc. ("Rio Tinto"), to acquire a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada for $1,500,000 (CAD) (the "Transaction"). The Company has acquired a 60% equity stake in the Henday Lake joint venture ("Henday"), 100% of the Milliken project ("Milliken"), and a 50% equity stake in the Carswell joint venture project ("Carswell"). With this Transaction, UEC has added an additional 44,444 acres (17,986 Ha) of prospective ground in the Athabasca Basin (See Figure 1) to its existing portfolio of 1,091,639 acres (441,771 Ha).

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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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