Uranium Energy Boosts Stake in Anfield Energy

Uranium Energy ( (UEC) ) just unveiled an announcement.

On January 15, 2025, Uranium Energy Corp announced the completion of its acquisition of 107,142,857 common shares of Anfield Energy Inc. for $10.46 million. This acquisition increased Uranium Energy Corp’s ownership to 17.8% of Anfield’s outstanding shares on a non-diluted basis and 24.2% on a partially diluted basis. The acquisition was made for investment purposes, and Uranium Energy Corp will monitor Anfield’s business and financial condition, potentially adjusting its shareholding in the future. The company has committed not to exercise its warrants to become a ‘Control Person’ of Anfield without necessary approvals, indicating a strategic investment approach.

More about Uranium Energy

Uranium Energy Corp is the largest and fastest-growing uranium supplier in America, focused on producing uranium for nuclear energy. The company engages in low-cost, environmentally friendly In-Situ Recovery mining projects in the U.S. and high-grade projects in Canada, with diversified holdings and a significant equity stake in Uranium Royalty Corp.

YTD Price Performance: -8.40%

Average Trading Volume: 8,293,256

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.92B

For detailed information about UEC stock, go to TipRanks’ Stock Analysis page.