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Uranium Energy Corp Acquires Rio Tinto's Wyoming Uranium Assets, Sweetwater Plant for $175M

Sep 23, 2024, 12:21 PM

Uranium Energy Corp (UEC) has announced the acquisition of Rio Tinto's Wyoming uranium assets, including the Sweetwater plant, in a deal valued at $175 million. The acquisition expands UEC's U.S. production capacity significantly. The deal includes 175 million pounds of uranium, enhancing UEC's strategic position in the uranium market. UEC's stock rose by 2.9% pre-market following the announcement.