NetworkNewsBreaks – Uranium Energy Corp. (NYSE A
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Posted On: 04/06/2021 3:43:10 PM
NetworkNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Expansion of Physical U3O8 Initiative, Registered Direct Offering
Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced that it has secured an additional 705,000 pounds of U.S.-warehoused uranium, with delivery dates out to December 2022. Including previously contracts to acquire 1,400,000 pounds of uranium concentrates, Uranium Energy has entered into additional purchase contracts for a total of 2,105,000 pounds of U3O8 at a volume-weighted average price of ~$30 per pound. UEC also announced its entry into definitive agreements with institutional investors to purchase an aggregate of 3,636,364 common shares of the company, each at a purchase price of $3.30, for gross proceeds of approximately $12,000,000 in a registered direct offering. Subject to satisfaction of customary conditions, closing of the offering is expected to occur on or about April 8, 2021. Following the closing of the offering and delivery of contracted drummed uranium, UEC will have more than $110 million of cash, equity and inventory holdings.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced that it has secured an additional 705,000 pounds of U.S.-warehoused uranium, with delivery dates out to December 2022. Including previously contracts to acquire 1,400,000 pounds of uranium concentrates, Uranium Energy has entered into additional purchase contracts for a total of 2,105,000 pounds of U3O8 at a volume-weighted average price of ~$30 per pound. UEC also announced its entry into definitive agreements with institutional investors to purchase an aggregate of 3,636,364 common shares of the company, each at a purchase price of $3.30, for gross proceeds of approximately $12,000,000 in a registered direct offering. Subject to satisfaction of customary conditions, closing of the offering is expected to occur on or about April 8, 2021. Following the closing of the offering and delivery of contracted drummed uranium, UEC will have more than $110 million of cash, equity and inventory holdings.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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