Uranium Enery Corp Green Logo



We're Production Ready: Uranium Energy on Acquiring Uranium One Americas

November 10, 2021

Uranium Energy Corp Creates America's Largest Uranium Mining Company with the Acquisition of Uranium One Americas

Highlights of the Acquisition include the following:

  • Positions UEC, a U.S. corporation headquartered in Texas, as the largest American uranium mining company, amid a new era of domestic and global support for clean-air nuclear energy as essential to the realization of a low-carbon global economy;
  • Creates Wyoming hub-and-spoke operations for UEC, anchored by U1A’s Irigaray plant which is one of the largest central processing facilities in the United States with a licensed capacity of 2.5 million pounds U3O8 per year;
  • Incorporates U1A’s production-ready assets including Christensen Ranch ISR Project with four fully installed wellfields, and six additional permitted or development-stage satellite ISR projects, combining with UEC’s Reno Creek Project;
  • Anticipates significant capital expenditure savings and deep operating synergies with UEC’s permitted and nearby Reno Creek ISR Project which is 45 miles away from the Irigaray plant;
  • Secures approximately 37.6 million pounds U3O8 in historically estimated Measured and Indicated Resources and 4.3 million pounds U3O8 in historically estimated Inferred resources with considerable growth potential based on independent technical reports prepared for U1A.  These historical resources are not treated by UEC as current and the Company plans to complete and report current resources post-closing of the Transaction;(1)
  • Adds a dominant land package of approximately 100,000 acres in Wyoming’s prolific uranium producing Powder River and Great Divide Basins consisting of dozens of under-explored, mineralized brownfield projects, backed by detailed databases of historic uranium exploration and development programs, thus greatly enhancing the potential for resource expansion; and
  • Provides for significant tax loss carryforwards to be applied to offset future income.(2)

Signup to receive press releases and updates

* Required