Uranium Energy Secures Major Funding for US Expansion Drive

Uranium Energy Corp has positioned itself for significant growth after completing a substantial equity offering that raised approximately $203.8 million. This financial injection arrives as the uranium sector experiences renewed momentum, creating ideal conditions for the company’s ambitious development plans.

The capital raise involved the placement of 15.5 million shares at $13.15 per share. Investment bank Goldman Sachs retains an option for an additional 30 days to purchase up to 2.3 million more shares, potentially bringing further capital to Uranium Energy’s balance sheet. These resources arrive during a period of sector-wide strength, with the Global X Uranium ETF recently reaching its highest level in more than ten years.

Vertical Integration Strategy Advances

A primary allocation of these funds will accelerate construction... Read more...