Uranium Energy Corp (NYSE American: UEC) has announced an increase in its holdings in Anfield Energy Inc. The company acquired 170,000,000 common shares of Anfield at a price of $0.115 (Canadian dollars) per share, totaling $19,550,000 (Canadian dollars).
Following the acquisition, the company now holds a total of 373,415,775 Anfield shares, representing approximately 32.4% of the outstanding shares on a non-diluted basis and about 37.6% on a partially diluted basis after considering the exercise of share purchase warrants.
Before the acquisition, the company held 203,415,775 Anfield shares and 96,272,918 warrants, representing approximately 17.6% of the outstanding shares on a non-diluted basis and around 24.0% on a partially diluted basis.
Each Anfield warrant is exercisable into a share at a price of $0.18 (Canadian dollars) per share until May 12, 2027.
The acquisition was made for investment purposes, and the company may consider adjusting its ownership in Anfield based on various factors in the future.
All ownership percentages are based on the number of outstanding Anfield shares as of May 26, 2025.
As a result of this acquisition, Uranium Energy Corp has significantly increased its position in Anfield Energy Inc., signaling a strategic move in its investment portfolio. Following these announcements, the company's shares moved -2.86%, and are now trading at a price of $6.46. Check out the company's full 8-K submission here.
