Uranium Energy Corp Acquires Portfolio Of Canadian Uranium Exploration Projects In Saskatchewan'S Athabasca Basin From Rio Tinto Exploration Canada Inc.
Uranium Energy Corp Acquires Portfolio Of Canadian Uranium Exploration Projects In Saskatchewan'S Athabasca Basin From Rio Tinto Exploration Canada Inc.
08/22/23, 10:57 AM
Location
corpus christiIndustry
mineral
mining
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).
Company Info
Location
800n
Corpus Christi, Texas, United States
Company info
Uranium Energy Corp (UEC: NYSE American) is the fastest growing supplier of the fuel for 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.