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InvestorNewsBreaks – Uranium Energy Corp. (NYSE American: UEC), UEX Corp. Enter Acquisition Offer Amending Agreement

Uranium Energy (NYSE American: UEC)a U.S.-based uranium mining and exploration company, has entered a further amending agreement with UEX Corporation (TSX: UEX) regarding a previously announced acquisition agreement. The previous agreement, made between UEX, UEC and UEC 2022 Acquisition Corp., has been amended on June 23, 2022, and Aug. 5, 2022, and outlines details wherein UEC will acquire all issued and outstanding common shares of UEX by way of a statutory plan of arrangement under the Canada Business Corporations Act. The announcement notes that, under the amended agreement, UEC pro forma ownership changes to 85.7%, compared to previously disclosed at 85.8% on basic share basis. According to the announcement, holders of UEX shares will now receive 0.090 of one common share of UEC for each UEX share held. The amending agreement also increases the fee paid by UEX to UEC if the transaction is terminated under certain circumstances to $9 million. The agreement also noted that UEX will accept proxies for the special meeting of UEX securityholders to approve the transaction. The company noted that the UEX board of directors has unanimously approved the amending agreement; the board also continues to recommend that UEX shareholders and holders of options and restricted share units of UEX vote in favor of the transaction.

To view the full press release, visit https://ibn.fm/rYnCv

About Uranium Energy Corp.

Uranium Energy is America’s leading, fastest-growing uranium mining company listed on the NYSE American. UEC is a pure-play uranium company and is advancing the next generation of low-cost, environmentally friendly in-situ recovery (“ISR”) mining uranium projects. The company has two production-ready, ISR hub-and-spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational processing capacity at the Hobson and Irigaray processing plants. UEC also has seven U.S. ISR uranium projects with all major permits in place. Additionally, the company has other diversified holdings of uranium assets, including one of the largest physical uranium portfolios of U.S. warehoused U3O8; a major equity stake in the only royalty company in the sector, Uranium Royalty Corp; and a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.

NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC 

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