NYSE American-listed Uranium Energy Corp (UEC) has closed its third acquisition in the Athabasca Basin in the last 12 months, advancing its strategy of assembling a premier North American uranium portfolio. The company announced that it would buy exploration-stage projects from Rio Tinto for C$1.5-million. These include a 60% equity stake in the Henday Lake joint venture (JV), 100% of the Milliken project, and a 50% equity stake in the Carswell JV project. The Henday project is less than 5 km from the Roughrider project, which UEC recently bought from Rio Tinto.
NYSE American-listed Uranium Energy Corp has closed its third acquisition in the Athabasca Basin in the last 12 months, advancing its strategy of assembling a premier North American uranium portfolio.
The company announced that it would buy exploration-stage projects from Rio Tinto for C$1.5-million. These include a 60% equity stake in the Henday Lake joint venture , 100% of the Milliken project, and a 50% equity stake in the Carswell JV project. The Henday project is less than 5 km from the Roughrider project, which UEC recently bought from Rio Tinto.
“All three projects exhibit the features we seek when acquiring quality exploration assets, including uranium anomalism and hydrothermal alteration. In addition, these projects exhibit excellent prospective geology with minimal to no sandstone cover that will result in lower exploration costs and shorter timelines to discovery.
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