Uranium Energy Corp Completes Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets

NYSE American: UEC

CASPER, Wyo., Dec. 6, 2024 /CNW/ - Uranium Energy Corp. (NYSEAmerican:UEC) (the "Company" or "UEC") is pleased to announce the completion of the previously announced (September 23, 2024) agreement with Rio Tinto America Inc. ("Rio Tinto") to acquire 100% of Rio Tinto's Wyoming assets, comprised of the wholly-owned and fully-licensed Sweetwater Plant and a portfolio of uranium mining properties, including the Red Desert Project and the Green Mountain Project, with approximately 175 million pounds of historic resources⁽¹⁾ (the "Transaction"). The purchase price paid was approximately $175.4 million in cash and was funded with UEC's available liquidity.