Uranium Energy Corp. has bought UEX Corp.
UEC’s strong balance sheet provides UEX with capital to fund continued exploration and growth initiatives.
Amir Adnani, CEO of UEC, said, “This opportunity provides entry into two of Canada’s most prospective uranium districts in Saskatchewan and Nunavut, and cements UEC’s position as not only a leading American uranium mining company but a North American. We commend the UEX team for having assembled and advanced this highly prospective portfolio and look forward to working with their experienced and professional Canadian team. They will be of great benefit to UEC moving forward.”