Uranium Energy (AMEX:UEC) Stock, Quote.Headers.trade-ideas

Uranium Energy

Uranium Energy Corp is engaged in uranium mining and related activities. The company is working towards fueling the global demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. UEC is a pure-play uranium company and is advancing its next generation of low-cost, environmentally friendly, in-situ recovery (ISR) mining uranium projects. It has two extraction-ready ISR hub and spoke platforms in South Texas and Wyoming. UEC also has seven U.S. ISR uranium projects with all of their major permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and Paraguay.

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Uranium Energy Corp. expands production with acquisition of Rio Tinto&#39;s Wyoming assets for $175 million, adding 175 million pounds of uranium resources and a licensed plant with 3,000-ton-per-day capacity.

Uranium Energy Strikes $175M Deal To Acquire Rio Tinto&#39;s Wyoming Assets

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Uranium Energy Corp

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Uranium Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) with a Buy and maintains $10.25 price target.

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HC Wainwright & Co. Reiterates Buy on Uranium Energy, Maintains $10.25 Price Target

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Uranium Energy shares are trading higher after the company announced a $175 million deal to acquire Rio Tinto's Wyoming assets.

Uranium Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) Wyoming assets <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40975965/uranium-energy-corp-expands-u-s-production-capacity-with-acquisition-of-rio-tintos-sweetwater-plan" rel="noreferrer noopener">for a purchase price of $175 million</a>.
As per the deal, the buyout includes the fully licensed Sweetwater Plant and a portfolio of uranium mining projects with around 175 million pounds of historic resources.
The Sweetwater Plant, with a 3,000-ton-per-day capacity and licensed for 4.1 million pounds annually, can be adapted for both ISR and conventional mining, offering UEC production flexibility.
UEC&#8217;s available liquidity will cover the purchase price. UEC controls 12 uranium projects in Wyoming&#8217;s Great Divide Basin.
The acquisition provides a valuable asset base, saving time and costs compared to building a new facility or gathering geological data.
This transaction provides a rare opportunity to acquire licensed uranium facilities from a global leader, accelerating UEC&#8217;s production in the Great Divide Basin.
The buyout adds 175 million pounds of uranium resources, valued below UEC&#8217;s current trading levels. Half are suited for ISR mining, prioritized for near-term production, while conventional resources offer potential for future growth.
Amir Adnani, President and CEO, said, &#8220;These assets will unlock tremendous value by establishing our third hub-and-spoke production platform and cement UEC as the leading uranium developer in&nbsp;Wyoming&nbsp;and the U.S.&#8221;
&#8220;We&#8217;re witnessing unprecedented global growth in nuclear energy and demand for uranium as demonstrated by the recently proposed Three Mile Island restart in support of Microsoft&#8217;s AI growth.&#8221;
&#8220;The Russian uranium ban and recent comments by Russian government officials regarding restricting future uranium exports to the west underscore the critical importance of maintaining reliable domestic supply chains to power our growing requirements for clean baseload energy.&#8221;
Investors can gain exposure to the stock via&nbsp;Sprott Junior Uranium Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URNJ#NASDAQ">URNJ</a>).
Price Action: UEC shares are up 5.32% at $5.835 at the last check Monday.
Image via Shutterstock
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Uranium Energy Strikes $175M Deal To Acquire Rio Tinto's Wyoming Assets

Wyoming&nbsp;assets&nbsp;comprise&nbsp;of the wholly-owned and fully-licensed Sweetwater Plant &nbsp;and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources.
Completion of the Transaction is subject to customary conditions for a transaction of this nature, with closing expected to occur in the&nbsp;fourth quarter&nbsp;of the calendar year 2024.&nbsp;

Uranium Energy Enters Agreement To Acquire 100% Of Rio Tinto's Wyoming Assets; Purchase Price Payable At Closing Is $175M

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Shares of uranium stocks are trading higher amid possible sympathy with Constellation Energy after the company announced it signed a data-center power deal with Microsoft that will restart one of the units at the Three Mile Island nuclear power plant in Pennsylvania.

Shares of uranium stocks are trading higher, possibly as the US investigates if China is helping Russia circumnavigate the commodity's ban. Also, Russian President Putin last week reportedly considered restrictions on uranium exports.

Shares of uranium companies are trading higher amid a rise in the price of the commodity possibly due to supply issues resulting from the Russia-Ukraine war. During the ABC 2024 Presidential Debate, Vice President Harris said she wants to invest in diverse sources of energy.

Russia's Putin Says Maybe We Should Think About Exports Restrictions Of Some Goods, Such As Uranium; Russia's Putin Also Mentions Titanium And Nickel Exports

Insider Trades

Uranium Energy CEO Amir Adnani Buys 60K Shares At Average Price Of $4.10​

Shares of uranium companies are trading lower amid a drop in the price of the commodity. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

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Economics

International Atomic Energy Agency Chief Grossi Hopes His Initial Exchange With Iranian President Pezeshkian Will Be Followed By An Early Visit To Iran And Dialogue That Swiftly Leads To Concrete Results

International Atomic Energy Agency Says Iran's Highly-Enriched Uranium Stockpile Grows 16%

Shares of uranium stocks are trading higher following reports suggesting that the world's largest uranium producer, Kazatomprom, slashed its 2025 production target.

<a href="https://www.ft.com/content/240af090-8684-49dc-a85e-20b535d62dda" title="https://www.ft.com/content/240af090-8684-49dc-a85e-20b535d62dda">https://www.ft.com/content/240af090-8684-49dc-a85e-20b535d62dda</a>

Reported Earlier, "World's Largest Uranium Producer Slashes Production Target" - Financial Times

Roth MKM analyst Joe Reagor reiterates Uranium Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) with a Buy and maintains $9 price target.

Roth MKM Reiterates Buy on Uranium Energy, Maintains $9 Price Target

The first shipment of yellowcake is anticipated to occur in November or December 2024.&nbsp; This coincides with the Company&#39;s fiscal&nbsp;Q2&nbsp;ending&nbsp;January 31, 2025.

Uranium Energy Reports Startup Of Uranium Production At Its Past-Producing Christensen Ranch In-Situ Recovery Operations In Wyoming

Obara, who joined the Company in 2006, will be stepping down from his current role as Chief Financial Officer on&nbsp;October 1, 2024&nbsp;after the filing of the Company&#39;s Annual Report on Form 10-K for the current fiscal year and will continue with the Company as Senior Vice-President, Administration.

Management

Uranium Energy Says  Josephine Man Has Joined Company And Will Be Succeeding Pat Obara As Treasurer And CFO, Effective October 1, 2024

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Shares of oil and gas companies are trading lower. The sector might be moving amid overall market weakness due to economic slowdown concerns following recent US data, which could negatively impact demand.

Shares of uranium stocks are trading lower after uranium producer Kazatomprom increased its 2024 production outlook.

Uranium producers rally as Constellation Energy plans Three Mile Island restart

Uranium Energy to buy Rio Tinto's Wyoming mining assets in $175M deal

Uranium Energy Corp.: Fueling The AI Energy Surge

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Uranium Energy ( ($UEC) ) has shared an update. Uranium Energy Corp has unveiled its strategic acquisition of Rio Tinto's Wyoming uranium assets, i...

Uranium Energy Expands with Rio Tinto's Assets Purchase

Deep Yellow Limited Makes Progress Towards Mining Operations

Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on Uranium Energy (UEC – Research Report). The associated price target remai...

Strategic Acquisitions and Strong Drill Results Underpin Buy Rating for Uranium Energy Corp

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Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Uranium Energy Corp. - UEC

Legal

Uranium Energy Corp Announces Results of Annual General Meeting

Uranium Energy Announces Succession of Chief Financial Officer

Commodities

Uranium Energy Corp Announces Restart of ISR Uranium Production in Wyoming

Uranium Energy Corp Intersects 12.7% eU3O8 over 7.2 metres, 850 m northeast of Roughrider Deposit

Uranium Energy Corp Achieves Leading Uranium Sector Sustainability Ranking

Uranium Energy Corp Intersects 11.4% eU3O8 over 2.4 metres at Roughrider North Discovery, 850 meters Northeast of the Roughrider deposit

Uranium Energy Corp Expands U.S. Production Capacity with Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets

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Uranium Energy (AMEX:UEC) Stock, Quote.Headers.trade-ideas