UEC Increases Stake in Anfield Energy Inc.

By Greg Peters • Monday, June 23 09:58 • Permanent Link

Uranium Energy Corp (UEC) has announced the acquisition of 170,000,000 common shares of Anfield Energy Inc. at a price of $0.115 (Canadian dollars) per share, totaling $19,550,000 (Canadian dollars). This acquisition increases UEC's beneficial ownership and control of Anfield shares to approximately 32.4% of the outstanding shares on a non-diluted basis and approximately 37.6% on a partially diluted basis.

Prior to this acquisition, UEC held 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 held by UEC is exercisable into an Anfield share at a price of $0.18 (Canadian dollars) per share until May 12, 2027.

The company has filed an early warning report under Anfield's profile at SEDAR+ in connection with the acquisition and has stated that the Anfield shares were acquired for investment purposes. UEC may, depending on its evaluation of various factors, increase or decrease its ownership, control, or direction over Anfield securities in the future.

All ownership percentages are based on the number of outstanding Anfield shares as of May 26, 2025, as disclosed by Anfield in its management's discussion and analysis for the three months ended March 31, 2025.

This acquisition comes as UEC continues to focus on its uranium projects in the United States and Canada. The company is advancing low-cost, environmentally friendly in-situ recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. Additionally, UEC holds a diversified portfolio of uranium holdings, including physical uranium portfolios, equity stakes in uranium royalty companies, and a pipeline of resource stage uranium projects in the Western Hemisphere.

UEC's operations are managed by professionals with extensive experience in uranium exploration, development, and mining.

The market has reacted to these announcements by moving the company's shares -2.86% to a price of $6.46. For the full picture, make sure to review URANIUM ENERGY CORP's 8-K report.

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