NYSEAM:UEC - Post by User
Post by
mangoeon Sep 23, 2024 12:26pm
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Post# 36236579
Your CEO Amir Adnani😃
Your CEO Amir Adnani😃 Expanding our production capabilities with the acquisition of highly sought after and fully licensed #uranium assets in the U.S. is an important and timely milestone, especially in Wyoming, where we have recently restarted ISR production.
With this Transaction, we are building upon our transformative acquisition of Uranium One Americas in 2021, which added a large portfolio of holdings in the Great Divide Basin of Wyoming. We recognized early on that there are meaningful development synergies with the Rio Tinto assets, particularly the Sweetwater Plant. These assets will unlock tremendous value by establishing our third hub-and-spoke production platform and cement UEC as the leading uranium developer in Wyoming and the U.S.
We’re witnessing unprecedented global growth in nuclear energy and demand for uranium as demonstrated by the recently proposed Three Mile Island restart in support of Microsoft’s AI growth. The Russian uranium ban and recent comments by Russian government officials regarding restricting future uranium exports to the west underscore the critical importance of maintaining reliable domestic supply chains to power our growing requirements for clean baseload energy. With our fourth acquisition since 2021, UEC is continuing to execute towards building the premier and fastest growing North American uranium company.