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Uranium Energy Corp Increases Physical and Equity Uranium Holdings
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UEC
CORPUS CHRISTI, Texas, May 20, 2021 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the Company or UEC ) is pleased to report recent increases in its physical and equity uranium holdings.
The Company has acquired an additional 200,000 pounds of U.S. warehoused uranium. UEC s physical uranium initiative is fully funded with cash on hand and now includes 2.305 million pounds of U.S. warehoused uranium at a volume weighted average price of ~$30 per pound with various delivery dates out to June 2023.
The Company has also acquired an additional 1,000,000 common shares of Uranium Royalty Corp ( URC ) (TSXV: URC,Nasdaq: UROY) in order to maintain its existing strategic ownership position in URC. The Company completed the subscription under a recent bought deal financing which was completed by URC comprised of 6,100,000 common shares at a price of C$4.10 per sh