Uranium Energy Corp. (NYSEAM:UEC) entered into a share purchase agreement to acquire Uranium One Americas, Inc. from Uranium One Investments, Inc. for approximately $130 million on November 8, 2021. The company will acquire all of the issued and outstanding shares of Uranium One. The consideration for the proposed acquisition totals $125.4 million comprised of (i) $111.6 million in cash plus (ii) a further cash payment of $13.8 million (equal to the amount of cash deposited by Uranium One in a surety deposit account that will remain with the company after the acquisition), subject to a closing working capital adjustment. The company will also assume or replace the existing government reclamation bonds that are currently in place for the benefit of Uranium One. In the event that the bonds surety requirement is less than $19 million at closing, the company will pay Uranium Investments an additional cash amount equal to the difference between the bonds surety requirement and $19 million. The acquisition is fully funded with UEC's existing balance sheet, which as of October 26, 2021 had over $235 million of cash and market value liquid assets.

The closing of the acquisition is subject to certain conditions, including receipt of certain regulatory approvals, resignation of target's directors, and execution of a non solicitation agreement. It is presently expected to close by the end of the year. Chris Doerksen of Dorsey & Whitney LLP is acting as U.S. legal advisor to Uranium One Investments, Inc. while Haywood Securities Inc. is acting as financial advisor. Thomas J. Deutsch of McMillan LLP is acting as Canadian legal advisor to Uranium Energy Corp. while Holland & Hart is acting as U.S. legal advisor to UEC. VTB Capital plc is acting as financial advisor to Uranium Energy Corp.

Uranium Energy Corp. (NYSEAM:UEC) completed the acquisition of Uranium One Americas, Inc. from Uranium One Investments, Inc. on December 17, 2021.