Uranium energy corp completes acquisition of the world-class development-stage roughrider uranium project from rio tinto

Nyse american:  uec corpus christi, texas , oct. 17, 2022 /prnewswire/ - uranium energy corp (nyse american: uec) (the "company" or "uec") is pleased to announce that it has completed its previously announced acquisition of the roughrider uranium development project ("roughrider" or the "project") located in the athabasca basin in saskatchewan, canada (the "transaction") from a subsidiary of rio tinto plc ("rio tinto"). under the terms of the transaction, rio tinto has now received $80 million in cash and 17,805,815 uec common shares, valued at $70 million based on the 5-day vwap of $3.93 per uec share as of october 7, 2022.
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