Wednesday, October 8, 2025

Latest

Uranium Energy Closes On Purchase Of UEX Corp

It appears the battle over UEX Corp (TSX: EUX) between Uranium Energy (NYSE: UEC) and Denison Mines (TSX: DML) was short lived. The acquisition of UEX was completed this morning by that of Uranium Energy.

Following shareholder approval for the transaction being granted on August 15, the Supreme Court of British Columbia approved the purchase late last week. The transaction saw UEX shareholders received 0.09 common shares of UEC for each UEX share held, which equates to $0.41 per share as of Friday’s close.

This compares to the offer recently made by Denison, which would have seen the Canadian uranium explorer pay 0.32 shares per UEX share, which as of Friday’s close equates to $0.43 per share. The latest bid by Denison was made on August 9, which then resulted in Uranium Energy increasing its offer by 0.001 share per share held of UEX, in what is quite possibly one of the cheapest bidding battles seen for a public company.

“We are pleased to have completed our acquisition of UEX. This marks UEC’s second successful highly accretive M&A transaction in the last year, creating the largest diversified North American focused uranium company. We welcome UEX shareholders to UEC and appreciate the vote of confidence in supporting our transaction. The competing interest for UEX from other industry participants further validates the significant upside and strategic rationale we identified in UEX’s portfolio of high-grade projects in the world-class Athabasca Basin of Saskatchewan,” commented Amir Adnani, CEO of Uranium Energy.

Uranium Energy Corp last traded at $3.53 on the NYSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Provision In U.S. Government Spending Bill Very Constructive For Uranium Mining Industry

After threatening a veto, U.S. President Trump finally signed a massive US$2.3 trillion COVID-19 relief...

Monday, January 4, 2021, 12:00:00 PM

European Commission’s Renewable Energy Proposal Could Drive Demand for Uranium

According to The Guardian newspaper in the UK, the European Commission (EC) has proposed classifying...

Wednesday, January 5, 2022, 03:32:00 PM

Denison Mines Announces Negotiated Repayment Schedule Of US$16 Million Arbitration Award

Denison Mines Corp. (TSX: DML) shared this morning that it inked a repayment schedule agreement...

Thursday, January 13, 2022, 11:40:00 AM

Denison Re-Enters The Fray To Acquire UEX Corp, Bidding Higher Than Uranium Energy

Denison Mines (TSX: DML) appears to be in a competition with Uranium Energy Corp (NYSE:...

Tuesday, August 9, 2022, 09:12:57 AM

F3 Uranium Secures $15 Million Convertible Debt Strategic Investment From Denison Mines

F3 Uranium Corp (TSXV: FUU) has secured a strategic investment from that of Denison Mines...

Friday, October 6, 2023, 08:52:04 AM