FAQ: Uranium Energy Corp.'s Increased Stake in Anfield Energy

What is the main topic of this news?

The main topic is Uranium Energy Corp.’s acquisition of an additional 170 million common shares of Anfield Energy Inc., increasing its stake to 32.4% on a non-diluted basis.

Why is this investment significant?

This investment is significant as it strengthens UEC’s position in the uranium sector, aligning with its strategy to support the green energy transition and low carbon future.

How much did Uranium Energy Corp. pay for the additional shares?

UEC paid C$19.55 million for the 170 million common shares, at a price of C$0.115 per share.

What is the ‘private agreement exemption’ mentioned in the content?

The ‘private agreement exemption’ refers to a provision under Canada’s takeover bid rules that allows the transaction to proceed without the need for a formal takeover bid.

Who is involved in this transaction?

The transaction involves Uranium Energy Corp. (UEC) as the buyer and Anfield Energy Inc. as the seller of the shares.

Where is Uranium Energy Corp. based and what does it do?

Uranium Energy Corp. is a North American focused uranium company, advancing low-cost, environmentally friendly uranium projects in the United States and Canada, and is the largest supplier of fuel for the green energy transition.

What are the implications of this transaction for Anfield Energy?

The transaction implies a strategic partnership with UEC, potentially providing Anfield Energy with additional resources and support for its business outlook and projects.

How can investors find more information about Uranium Energy Corp.?

Investors can visit Uranium Energy Corp.’s website at www.UraniumEnergy.com or check the latest news and updates in the company’s newsroom at https://ibn.fm/UEC.