Reported 15 days ago
Uranium Energy Corp. announced a $175 million deal to acquire Rio Tinto's assets in Wyoming, including the Sweetwater Plant and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources. The acquisition is aimed at enhancing UEC's production capabilities in the Great Divide Basin, allowing for both ISR and conventional mining, and is expected to significantly contribute to uranium supply amid rising global energy demands.
Source: YAHOO