U.S. Markets closed

Blog Exposure - Uranium Energy Announced the Acquisition of Diabase Project in Athabasca Basin, Canada

Stock Monitor: Peabody Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free research report on Uranium Energy Corp. (NYSE: UEC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=UEC as the Company's latest news hit the wire. On February 09, 2018, the Company declared that it has signed a definitive Property Purchase Agreement with Nuinsco Resources Ltd to acquire Diabase project, located on the south rim of the Athabasca Basin uranium district in Saskatchewan, Canada, for approximately $500,000. The Company also announced the appointment of Darcy Hirsekorn as the District Geologist of Uranium Energy. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Peabody Energy Corporation (NYSE: BTU), which also belongs to the Basic Materials sector as the Company Uranium Energy. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=BTU

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Uranium Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=UEC

Details of the Deal

The acquisition price is comprised of approximately $240,000 in cash paid to Nuinsco, and 139,418 common shares issued to Nuinsco and 25,349 common shares issued to the original Project property owner, at a deemed issuance price of $1.60 per common share. The acquisition is expected to preserve balance sheet flexibility in the bottom of the uranium cycle at less than 0.1% dilution to current UEC's shareholders.

Nuinsco intends to use the proceeds from the sale principally to add new exploration and development properties to its project portfolio and to facilitate the relisting of the Company's shares on a Canadian stock exchange as soon as possible.

Project is an Excellent Addition to Uranium Energy's Pipeline of Exploration Properties

Clyde Yancey, Vice President-Exploration of Uranium Energy, stated that the Company's acquisition strategy focuses on low-cost, high value projects, the Diabase project is consistent with those objectives and Uranium Energy gains an opportunistic foothold in the Athabasca Basin.

Clyde further added that the project is an excellent addition to the Company's pipeline of exploration properties for future development in a premier uranium district.

Darcy Hirsekorn's Career Path

Darcy Hirsekoris a seasoned professional geoscientist with over 20 years of experience in the exploration field working with Cameco Corporation. He held increasingly senior roles with the company culminating in the position of District Geologist in 2016. He was part of an exploration group that outlined over 200 million pounds of uranium resources including involvement with the Millennium, Fox Lake, Eagle Point, and Tamarack deposits. Darcy is active in the mining and exploration industry, having sat on the board of the Nunavut/NWT Chamber of Mines, the executive of the local Canadian Institute of Mining Geological Section, and is currently a member of the Environment and Sustainability Committee for the Saskatchewan Association of Professional Engineers and Geoscientists of Saskatchewan. He earned his bachelor's degree in Geology from the University of Saskatchewan.

Uranium Energy's Last Acquisition Agreement

On November 02, 2017, the Company inked an agreement with Uranerz Energy Corporation, a wholly owned subsidiary of Energy Fuels Inc., to acquire its advanced stage North Reno Creek project located immediately adjacent to and within UEC's existing Reno Creek Project permitting boundary in the Powder River Basin, Wyoming. Addition of North Reno Creek added further scale to an already large, fully permitted, and construction ready ISR project located in the United States. The Company paid approximately $2,940,000 in cash to Uranerz Energy, and $2,450,000 in common shares of the Company.

About Diabase Project

The Diabase Project delivers a significant land package of 21,949 hectares, which overlies a highly prospective regional corridor within 75 km of Cameco's Key Lake mill in a stable and leading jurisdiction for uranium exploration and mining. Project work completed to date includes 67 diamond drill holes, regional electromagnetic, magnetic, and gravity geophysical surveys, and surficial geochemistry.

About Nuinsco Resources Ltd

Established in 1977 and headquartered in Toronto, Canada, Nuinsco Resources is one of Canada's most experienced, growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally.

About Uranium Energy Corp.

Founded in 2003, Uranium Energy is a US based uranium mining and exploration company. The Company controls one of the largest databases of historic uranium exploration and development in the country. The Company has acquired and is advancing exploration properties of merit throughout the southwestern US.

Stock Performance Snapshot

February 09, 2018 - At Friday's closing bell, Uranium Energy's stock declined 2.22%, ending the trading session at $1.32.

Volume traded for the day: 2.13 million shares, which was above the 3-month average volume of 1.66 million shares.

Stock performance in the previous three-month period – up 20.00%

After last Friday's close, Uranium Energy's market cap was at $210.80 million.

The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors