Uranium Energy Corp Expands Ownership in Anfield Energy with Major Acquisition

Uranium Energy Corp Expands Stake in Anfield Energy



Uranium Energy Corp (NYSE American: UEC) has made significant strides in solidifying its presence in the uranium sector by acquiring a substantial block of shares from Anfield Energy Inc. On January 15, 2025, the company announced the completion of its acquisition of 107,142,857 common shares of Anfield for approximately $10.46 million, equivalent to $15 million Canadian dollars.

This acquisition follows a recent subscription agreement between Uranium Energy and Anfield, where the shares were purchased at a price of $0.14 each. Prior to this acquisition, Uranium Energy already held 96,272,918 shares of Anfield, as well as an equivalent number of share purchase warrants. With the recent shares added, the total ownership now stands at 203,415,775 shares, representing around 17.8% of Anfield's outstanding shares on a non-diluted basis and about 24.2% on a partially diluted basis when considering all current warrants.

The strategic intent behind this transaction is clear: Uranium Energy is focused on boosting its investment in Anfield, a company that has shown promising potential in the mining sector. The management at Uranium Energy continuously monitors Anfield's business performance and overall financial health, which informs their future investment decisions.

Uranium Energy has expressed that it may adjust its ownership stake depending on market conditions and the performance of Anfield in the future. The company has also committed not to exercise its purchase warrants if doing so would classify it as a 'Control Person' as defined by TSX Venture Exchange policies, without the necessary approvals.

This acquisition highlights Uranium Energy's aggressive strategy in the uranium market, particularly as demand for low-cost and environmentally friendly uranium sources continues to grow. As one of North America’s leading suppliers of uranium, Uranium Energy Corp operates with a focus on environmentally sustainable extraction methods, positioning itself well within the industry.

Overview of Uranium Energy Corp



Uranium Energy is recognized as the largest and fastest-growing uranium supplier in the United States, promoting safe and efficient nuclear energy production. The company is making great strides towards low-cost uranium mining through In-Situ Recovery (ISR) operations. With production facilities located in South Texas and Wyoming, Uranium Energy boasts a combined licensed extraction capacity of 12.1 million pounds of U3O8 annually.

In 2024, the company commenced ISR operations at its Christensen Ranch project in Wyoming, which integrated well with its central processing plants. This advancement signifies a strong growth trajectory for Uranium Energy as it seeks to expand its production footprint.

In addition to increasing its operational capacity, Uranium Energy also manages a diverse portfolio that includes high-grade Canadian uranium projects, a significant physical uranium reserve in the United States, and a notable equity position in Uranium Royalty Corp, marking its influence within the sector.

Forward-Looking Statements



It's essential to note that some statements in this announcement are forward-looking. They reflect current expectations, but actual future results may vary due to various risks and uncertainties. Factors such as changes in exploration results, market dynamics, and regulatory alterations may influence the performance of Uranium Energy Corp and its holdings.

With this acquisition, Uranium Energy Corp not only reinforces its investment strategy but also ensures its role as a key player in the evolving landscape of uranium mining, which remains crucial for the energy needs of the future.

Topics Financial Services & Investing)

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