Uranium Energy Corp Completes Financing

(Uranium Energy, 22.Mar.2021) — Uranium Energy Corp announced closing of its previously announced offering of an aggregate of 10,000,000 shares of common stock of the company at a purchase price of $3.05 per share and for gross proceeds of $30,500,000 in a registered direct offering.

The company offered and sold the Shares pursuant to a Securities Purchase Agreement, dated 17 March 2021, with certain institutional investors.

UEC anticipates that the net proceeds of the offering will be used for additional uranium purchases and for general corporate and working capital purposes.

Following the closing of this offering the company has approximately $95mn in cash and equity holdings, which includes $61mn in cash.

UEC’s physical uranium initiative is fully funded with cash on hand and now includes 1.4 million pounds of US warehoused uranium with 1,000,000 pounds delivered by May 2021 and another 400,000 pounds delivered by March 2022.

H.C. Wainwright & Co., Haywood Securities Inc. and TD Securities (USA) LLC acted as lead placement agents for the Offering. Roth Capital Partners acted as co-placement agent for the offering.

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