M&A - URANIUM ENERGY CORP

Form Type: 8-K

Filing Date: 2025-03-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925007301

Filing Summary: On March 12, 2025, Uranium Energy Corp. reported significant operational and financial updates. The company has achieved a major production milestone by successfully processing and drumming uranium concentrates at the Irigaray Central Processing Plant and the Christensen Ranch In-Situ Recovery Mine in Wyoming. Notably, UEC strengthened its position as the largest licensed uranium producer in the U.S. following its acquisition of the Sweetwater Plant from Rio Tinto America Inc., adding substantial uranium production capacity. The construction at the Burke Hollow ISR Mine in South Texas is progressing, with key infrastructure underway. Financially, UEC reported a revenue of $49.8 million for the second quarter from the sale of 600,000 pounds of U3O8, yielding a gross profit of $18.2 million. The company maintains a strong balance sheet with over $214 million in liquid assets and no debt. The Roughrider Project's Initial Economic Assessment reflects a post-tax NPV of $946 million and ranks among the lowest production costs globally. UEC continues to develop new production areas and expand its inventory to mitigate market volatility and enhance shareholder value.

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Form Type: 8-K

Filing Date: 2025-01-16

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925001228

Filing Summary: On January 15, 2025, URANIUM ENERGY CORP completed the acquisition of 107,142,857 common shares of Anfield Energy Inc. for a total consideration of $10.46 million (Canadian $15 million). This acquisition was executed under a subscription agreement and priced at $0.14 per share (Canadian dollars). Post-acquisition, URANIUM ENERGY CORP holds a total of 203,415,775 Anfield Shares, which is approximately 17.8% of Anfield's outstanding shares on a non-diluted basis and approximately 24.2% on a partially diluted basis, assuming the exercise of all warrants held. Prior to the acquisition, it owned 96,272,918 Anfield Shares and corresponding warrants. The objective of the acquisition is for investment purposes, and the Company intends to monitor Anfield's business and may adjust its ownership in the future. It has filed an early warning report in connection with this acquisition under Canadian regulations. The Company's corporate headquarters are located in Texas, with a Canadian presence in British Columbia.

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