Uranium Energy Corp Acquires Rio Tinto’s Sweetwater Plant and Wyoming Uranium Assets

September 23, 2024

Uranium Energy Corp (UEC) has entered into an agreement to acquire 100% of Rio Tinto’s Wyoming uranium assets, including the fully licensed Sweetwater Plant and a portfolio of uranium mining projects. The $175 million purchase price is expected to close in the fourth quarter of 2024, subject to customary conditions.

Buyers
Uranium Energy Corp
Targets
Rio Tinto America Inc. Wyoming uranium assets (Sweetwater Plant and related subsidiaries’ uranium assets)
Sellers
Rio Tinto America Inc.
Industry
Energy
Location
Wyoming, United States
Transaction Type
Buyout

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