NetworkNewsBreaks – Uranium Energy Corp. (NYSE A
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Posted On: 05/20/2021 5:05:13 PM
NetworkNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Increases in Physical, Equity Uranium Holdings
Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced recent increases in its physical and equity uranium holdings. Per the update, the company has acquired an additional 200,000 pounds of U.S. warehoused uranium. UEC’s physical uranium initiative is fully funded with cash on hand and, with this latest acquisition, now includes 2.305 million pounds of U.S. warehoused uranium. The company has also acquired an additional 1,000,000 common shares of Uranium Royalty Corp. (TSX.V: URC) (NASDAQ: UROY) in order to maintain its existing strategic ownership position. The company completed the subscription under a recent bought deal financing, which was completed by URC comprised of 6,100,000 common shares, each at a price of C$4.10, for gross proceeds of C$25.0 million. Following this closing, UEC now owns 15 million shares of URC at an average cost base of C$1.09 per share.
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 recent increases in its physical and equity uranium holdings. Per the update, the company has acquired an additional 200,000 pounds of U.S. warehoused uranium. UEC’s physical uranium initiative is fully funded with cash on hand and, with this latest acquisition, now includes 2.305 million pounds of U.S. warehoused uranium. The company has also acquired an additional 1,000,000 common shares of Uranium Royalty Corp. (TSX.V: URC) (NASDAQ: UROY) in order to maintain its existing strategic ownership position. The company completed the subscription under a recent bought deal financing, which was completed by URC comprised of 6,100,000 common shares, each at a price of C$4.10, for gross proceeds of C$25.0 million. Following this closing, UEC now owns 15 million shares of URC at an average cost base of C$1.09 per share.
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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