Uranium Energy Corp (UEC) has announced its acquisition of 170,000,000 common shares of Anfield Energy Inc. (Anfield) at a price of $0.115 (Canadian dollars) per share for a total consideration of $19,550,000 (Canadian dollars). After the acquisition, UEC's total beneficial ownership of Anfield shares increased to 373,415,775, representing approximately 32.4% of the outstanding Anfield shares on a non-diluted basis and approximately 37.6% on a partially diluted basis.
Prior to the acquisition, UEC held 203,415,775 Anfield shares and 96,272,918 Anfield warrants, representing approximately 17.6% of the outstanding Anfield shares on a non-diluted basis and approximately 24.0% on a partially diluted basis. Each Anfield warrant is exercisable into an Anfield share at a price of $0.18 (Canadian dollars) per share until May 12, 2027.
The acquisition was made for investment purposes, and UEC has stated that it will continue to monitor Anfield's business, prospects, financial condition, and potential capital requirements. Depending on its evaluation of these factors, UEC may increase or decrease its ownership of Anfield securities in the future through various means.
The acquisition was conducted under the "private agreement exemption" in accordance with the relevant regulations, and UEC has filed an early warning report under Anfield's profile at SEDAR in connection with the acquisition.
Based on the number of outstanding Anfield shares as of May 26, 2025, disclosed by Anfield, UEC's ownership percentages have been calculated. UEC's U.S. corporate headquarters is located in Corpus Christi, Texas, and its Canadian corporate headquarters is in Vancouver, British Columbia.
Uranium Energy Corp is described as America's largest and fastest-growing supplier of uranium, with ISR mining uranium projects in the United States and conventional projects in Canada. The company's operations also include diversified uranium holdings and a pipeline of resource stage uranium projects.
UEC's stock is listed on the NYSE American under the ticker symbol "UEC."
For further information, investors are advised to contact Uranium Energy Corp investor relations.
This story reflects UEC's strategic decision to increase its holdings in Anfield Energy Inc., signaling its confidence in the future prospects of Anfield and the uranium sector as a whole. As a result of these announcements, the company's shares have moved -2.86% on the market, and are now trading at a price of $6.46. If you want to know more, read the company's complete 8-K report here.
