Uranium Energy Corp. has completed the transactions with Uranium One Investments Inc., a subsidiary of Uranium One Inc., and has acquired all of the issued and outstanding shares of Uranium One Americas Inc. for a total purchase price of $112 million in cash together with an additional $2.9 million in estimated working capital and the assumption of $19 million in reclamation bonding. Uranium One is the world’s fourth-largest uranium producer and part of Russia’s State Atomic Energy Corp., Rosatom. This acquisition will make Uranium Energy the largest uranium mining company in the Americas.

The U1A portfolio of projects being acquired by Uranium Energy Corp. includes, among other assets, seven projects in the Powder River Basin, three of which are fully permitted, and five in the Great Divide Basin.

“We are very pleased to have closed this highly accretive transaction for UEC,” President and CEO Amir Adnani said. “The acquisition doubles our production capacity in three key categories: total number of permitted U.S. ISR projects, resources, and processing infrastructure.”

With this acquisition, UEC’s U.S. ISR production profile increases to 6.5 million pounds U3O8 per year based on permitted and installed capacity of Wyoming and south Texas hub-and-spoke operations, according to Adnani.

The U1A portfolio of projects being acquired includes, among other assets, seven projects in the Powder River Basin, three of which are fully permitted, and five in the Great Divide Basin. The portfolio consists of dozens of under-explored, mineralized brownfield projects, backed by detailed databases of historic uranium exploration and development programs, thus greatly enhancing the potential for resource expansion.

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