Wednesday, October 8, 2025

Latest

Uranium Energy Corp Spends $1.5 Million To Acquire Further Holdings In Athabasca Basin

Uranium Energy Corp (NYSE: UEC) has continued to add to its landholdings in the Athabasca Basin of Saskatchewan. The firm the morning revealed it has acquired multiple properties from that of Rio Tinto Exploration Canada.

The properties were acquired for a total figure of C$1.5 million, and consist of early-stage exploration assets. The projects acquired include a 100% interest in the Milliken project, a 60% equity stake in the Henday Lake joint venture, and a 50% equity stake in the Carswell joint venture.

Collectively, the holdings total 44,444 additional acres of land claims within the region, which further expands its current portfolio of roughly 1.1 million acres worth of claims in the Athabasca Basin.

The Milliken project is said to represent the western extension of the Hidden Bay project’s Wolf Lake Trend, which is currently owned by UEC. Henday meanwhile is under five kilometres north of the Roughrider project, and the Carswell property is north of the past-producing Cluff Lake operation, and is near to UEC’s Shea Creek project.

WATCH: We Cannot Move To A Low-Carbon Economy Without Nuclear Energy — With Amir Adnani

“UEC is pleased to add these strategically important projects to our existing Athabasca portfolio. 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,” commented Uranium Energy’s VP of Exploration, Canada, Chris Hamel.

Uranium Energy Corp last traded at $4.08 on the NYSE.


Information for this briefing was found via Sedar and the sources 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

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

We Cannot Move To A Low-Carbon Economy Without Nuclear Energy — With Amir Adnani

Joining the Daily Dive today is Amir Adnani, CEO of Uranium Energy Corp. (NYSE: UEC)....

Tuesday, March 14, 2023, 01:30:00 PM

Uranium Energy Corp Closes $12 Million Financing

Uranium Energy Corp (NYSE: EUC) this morning announced the closing of a registered direct offering....

Friday, April 9, 2021, 07:20:50 AM

Uranium Energy To Now Acquire UEX Corp For Implied Consideration Of $0.49 Per Share, Denison Mines Walks From Discussions

Uranium Energy Corp (NYSE: UEC) has upped its prior offer to acquire UEX Corp (TSX:...

Monday, August 8, 2022, 09:03:19 AM

Bidding Wars? UEX Corp Receives Superior Acquisition Offer From Denison Mines

A bidding war appears to be getting underway within the uranium sector. Uranium Energy Corp...

Friday, July 29, 2022, 08:23:24 AM