Uranium Energy acquires portfolio of Canadian projects from Rio Tinto for C$1.5M

Uranium Energy (UEC) announced that the company has closed a purchase agreement with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto (RIO), to acquire a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada for C$1.5M. The company has acquired a 60% equity stake in the Henday Lake joint venture, 100% of the Milliken project and a 50% equity stake in the Carswell joint venture project. With this transaction, UEC has added an additional 44,444 acres of prospective ground in the Athabasca Basin to its existing portfolio of 1,091,639 acres.