Uranium Energy Corp. Increases Stake in Anfield Energy to 32.4% with $19.6M Share Purchase

Uranium Energy Corp. (NYSE American: UEC) has significantly increased its stake in Anfield Energy Inc. (TSX-V: AEC) to 32.4% on a non-diluted basis through the purchase of 170 million common shares in a private agreement valued at C$19.55 million. This acquisition, made at C$0.115 per share, leverages the 'private agreement exemption' under Canada's takeover bid rules, highlighting UEC's strategic investment approach. Including previously held warrants, UEC's control over Anfield rises to approximately 37.6% on a partially diluted basis. The move underscores UEC's commitment to bolstering its portfolio in the uranium sector, with the flexibility to adjust its investment based on Anfield's evolving business landscape and other relevant factors.