UEC acquires Rio Tinto's Wyoming uranium assets for $175M, boosting domestic production capabilities.

Uranium Energy Corporation (UEC) has announced its acquisition of Rio Tinto's uranium assets in Wyoming for $175 million. This deal includes the Sweetwater Plant and a portfolio of projects with 175 million pounds of historic resources. The acquisition will enhance UEC's production capabilities and solidify its position as a leading uranium developer in the U.S., particularly amid increased demand for domestic uranium sources.

September 23, 2024
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