Uranium Energy Corp. Files Material Definitive Agreement 8-K
Ticker: UEC · Form: 8-K · Filed: Sep 23, 2024 · CIK: 1334933
| Field | Detail |
|---|---|
| Company | Uranium Energy CORP (UEC) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $175 million, $25 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
Related Tickers: UEC
TL;DR
UEC filed an 8-K for a material definitive agreement on 9/20.
AI Summary
Uranium Energy Corp. entered into a material definitive agreement on September 20, 2024. The filing is a Form 8-K, indicating a significant event for the company. Specific details of the agreement are not provided in this excerpt.
Why It Matters
This filing signals a significant development for Uranium Energy Corp., potentially impacting its operations, financial standing, or strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the nature of which is not yet detailed.
Key Players & Entities
- Uranium Energy Corp. (company) — Registrant
- September 20, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Uranium Energy Corp.?
The provided excerpt does not specify the details of the material definitive agreement.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on September 20, 2024.
What form was filed by Uranium Energy Corp.?
Uranium Energy Corp. filed a Form 8-K.
What is the U.S. corporate headquarters address for Uranium Energy Corp.?
The U.S. corporate headquarters is located at 500 North Shoreline, Ste. 800, Corpus Christi, Texas, 78401.
What is the Canadian corporate headquarters address for Uranium Energy Corp.?
The Canadian corporate headquarters is located at 1830 – 1188 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4A2.
Filing Stats: 954 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2024-09-23 16:31:17
Key Financial Figures
- $175 million — sing of the Stock Purchase Agreement is $175 million in cash, subject to customary working c
- $25 million — y will arrange to replace approximately $25 million in surety bonds securing future reclama
Filing Documents
- uec20240922_8k.htm (8-K) — 36KB
- ex_726348.htm (EX-2.1) — 601KB
- 0001437749-24-029839.txt ( ) — 895KB
- uec-20240920.xsd (EX-101.SCH) — 3KB
- uec-20240920_def.xml (EX-101.DEF) — 12KB
- uec-20240920_lab.xml (EX-101.LAB) — 15KB
- uec-20240920_pre.xml (EX-101.PRE) — 12KB
- uec20240922_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On September 20, 2024, Uranium Energy Corp. (the " Company "), through its wholly-owned subsidiary, UEC Sweetwater Corp., a Delaware corporation (the " Buyer "), entered into a stock purchase agreement (the " Stock Purchase Agreement ") with Rio Tinto America Inc., a Delaware corporation (the " Seller "), pursuant to which the Company through the Buyer will acquire from the Seller all of the issued and outstanding shares of capital stock (the " Shares ") of (i) Kennecott Uranium Company, a Delaware corporation (" KUC "), which is a joint venture participant of, and owns a 50% ownership interest in, the Green Mountain Mining Venture, an unincorporated Wyoming contractual joint venture (" GMMV "), and (ii) Wyoming Coal Resources Company, a Delaware corporation (" WCRC "), which is a joint participant of, and owns a 50% ownership interest in, GMMV (collectively, the " Acquisition "). KUC, WCRC and GMMV, collectively, own or hold the assets, rights and obligations comprised of: (i) the facilities, equipment, improvements and fixtures for the processing of uranium located in Sweetwater County, Wyoming, owned by KUC, WCRC and GMMV, and related facilities and impoundments; (ii) the Jackpot and Big Eagle properties located in Wyoming; (iii) the mineral and real property interests which are owned or leased by KUC, WCRC or GMMV, subject to the permitted encumbrances, including patented and unpatented mining and millsite claims, leaseholds, material easements and rights-of-way of record; and (iv) the other rights and interests in uranium mineralization located in Fremont and Sweetwater Counties, Wyoming, owned or held by any of KUC, WCRC or GMMV (collectively, the " Project "). The consideration for the Acquisition payable at closing of the Stock Purchase Agreement is $175 million in cash, subject to customary working capital adjustments as provided for in the Stock Purchase Agreement, with closing expected to occur in t
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Description 2.1 Stock Purchase Agreement by and between Rio Tinto America Inc. and UEC Sweetwater Corp., dated September 20, 2024* 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document). * The schedules to the Stock Purchase Agreement (indexed in the table of contents thereof) have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A copy of any omitted schedules will be furnished supplementally to the SEC upon request. - 3 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. URANIUM ENERGY CORP. DATE: September 23, 2024. By: /s/ Pat Obara Pat Obara, Secretary and Chief Financial Officer - 4 -