Uranium Energy Inks Deal to Buy Rio Tinto's Wyoming Uranium Assets

Uranium Energy (UEC) has signed an agreement to acquire Rio Tinto's (RIO) Sweetwater Plant and uranium assets in Wyoming. This move will enable Uranium Energy to increase its production capacity. Details of Uranium Energy's Uranium Assets Acquisition UEC will pay $175 million for Rio Tinto's Wyoming assets, which include the totally owned and fully licensed Sweetwater Plant, as well as the Red Desert and Green Mountain uranium mining projects. Upon completion, Uranium Energy will renew approximately$25 mil ...