Uranium Energy Corp Increases Stake in Anfield Energy

Uranium Energy Corp completed a subscription to acquire 107,142,857 common shares of Anfield Energy Inc. for C$15.0 million (US$10.46 million), increasing its beneficial ownership in Anfield to approximately 17.8% on a non-diluted basis (about 24.2% partially diluted). The investment was made for investment purposes under a subscription agreement and UEC said it may monitor and potentially adjust its ownership in the future.