IRW-PRESS: Uranium Energy Corp.: Uranium Energy Corp. closes UEX private placement
Corpus Christi, TX, June 22, 2022 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy- corp/ ) is pleased to announce that, following its recently announced (June 13) entering into a definitive agreement with UEX Corporation (“UEX”), pursuant to which it will acquire all of the issued and outstanding common shares of UEX ( the “UEX Ordinary Shares”) pursuant to a plan of arrangement required by law. The Company has now completed its C$5 million private placement with UEX, consisting of UEC’s acquisition of 11,627,907 UEX common shares at a price of $0.43 per UEX common share.
UEC may acquire additional UEX common stock by making purchases through the facilities of the TSX, subject to and in accordance with applicable law. UEC will provide information on the purchases made of UEX ordinary shares at regular intervals.
About Uranium Energy Corp
Uranium Energy Corp is America’s premier, fastest growing, NYSE American listed uranium mining company. UEC is a pure-play uranium company driving the next generation of low-cost, environmentally friendly ISR uranium projects. The Company has two production-ready ISR hub-and-spoke platforms in South Texas and Wyoming anchored by fully licensed and operational processing capabilities at the Hobson and Irigaray processing plants. UEC also has seven ISR uranium projects in the United States that have all major permits in place. In addition, the Company has other diversified uranium assets including: 1) one of the largest physical uranium portfolios of stockpiled U3O8 in the United States; 2) a significant interest in the sector’s only royalty company, Uranium Royalty Corp; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company’s operations are directed by professionals who have a recognized profile of excellence in their industry, a profile built on decades of hands-on experience in key areas of uranium exploration, development and production.
Contact Uranium Energy Corp Investor Relations at:
Toll-free: +1(866) 748-1030
Fax: +1(361) 888-5041
NYSE American: UEC
Swiss Resource Capital AG
Safe Harbor Declaration
Except for statements of historical fact contained herein, the information contained in this press release constitutes “forward-looking statements” within the meaning of applicable U.S. and Canadian law not yet determinable amounts and management assumptions. Any other statements that express or involve discussions of predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “expects does not”, “is expected”, “expects” or “not expected”, “plans”, “estimates” or “intends”, or an indication that certain actions, events or results “may”, “might”, “would”, “could” or “will”) are not statements of historical fact and should be considered “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by such forward-looking statements. These risks and other factors include, among other things, market and other conditions, the actual results of exploration activities, differences in underlying assumptions in connection with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution, arising from raising capital through the sale of stock, accidents, labor disputes and other mining industry risks, including but not limited to those related to the environment, delays in obtaining regulatory approvals, permits or financing, or in closing development or construction activities, litigation, or loss of coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, Events or results do not occur as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking statements contained in this press release or any document referred to in this press release. Certain matters discussed in this press release, as well as oral statements made by Company officials from time to time, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, there can be no assurance that its expectations will be met. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that could cause actual results to differ materially from those projected and which could affect the company and the statements contained in this press release are contained in the company’s filings with the Securities and Exchange Commission. For forward-looking statements in this press release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update or supplement any forward-looking statement, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to purchase any securities.
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