Business
Uranium Energy Corp Increases Holdings in Anfield Energy
Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") announces that it has acquired 170,000,000 common shares (the "Anfield Shares") of Anfield Energy Inc. ("Anfield") (TSX-V: AEC) by private agreement at a price of $0.115 (Canadian dollars) per share for aggregate consideration of $19,550,000 (Canadian dollars).
About this update from Uranium Energy Corp.
[{"type":"text","content":"NYSE American: UEC","length":28,"tagName":"p"},{"type":"text","content":"CORPUS CHRISTI, Texas, June 20, 2025 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") announces that it has acquired 170,000,000 common shares (the "Anfield Shares") of Anfield Energy Inc. ("Anfield") (TSX-V: AEC) by private agreement at a price of $0.115 (Canadian dollars) per share for aggregate consideration of $19,550,000 (Canadian dollars).","length":424,"tagName":"p"},{"type":"text","content":"Immediately after the acquisition, the Company had beneficial ownership, and control and direction of, a total of 373,415,775 Anfield Shares, representing approximately 32.4% of the outstanding Anfield Shares on a non-diluted basis and approximately 37.6% of the outstanding Anfield Shares on a partially diluted basis after assuming the exercise of the 96,272,918 share purchase warrants of Anfield (the "Anfield Warrants") held by the Company at the time of the acquisition.","length":496,"tagName":"p"},{"type":"text","content":"Immediately prior to the acquisition, the Company had beneficial ownership, and had control and direction of, a total of 203,415,775 Anfield Shares and 96,272,918 Anfield Warrants, representing approximately 17.6% of the outstanding Anfield Shares at such time on a non-diluted basis and approximately 24.0% on a partially diluted basis after assuming the exercise of all of Anfield Warrants held by the Company. Each Anfield Warrant is exercisable into an Anfield Share at a price of $0.18 (Canadian dollars) per share until May 12, 2027.","length":539,"tagName":"p"},{"type":"text","content":"The Anfield Shares were acquired by the Company for investment purposes. The Company will continue to monitor the business, prospects, financial condition and potential capital requirements of Anfield. Depending on its evaluation of these and other factors, the Company may from time to time in the future decrease or increase, directly or indirectly, its ownership, control or direction over securities of Anfield through market transactions, private agreements, subscriptions from treasury or otherwise, or may in the future develop plans or intentions relating to any of the other actions listed in paragraphs (a) through (k) of Item 5 of Form 62-103F1 – Re...