Each one in plain English, with the numbers worked through for a shareholder.
13 Jan 2023resource reserve update▲ GoodMajor
UEC disclosed its first Saskatchewan resource since acquiring UEX Corporation: the Shea Creek project, a joint venture in which UEC holds a 49.1% interest alongside operator Orano Canada, holds a combined 95.6 million pounds of high-grade uranium (indicated grades over 1.49% U3O8).
UEC filed an amended 8-K adding UEX's audited 2021 and unaudited mid-2022 financial statements, plus unaudited pro forma combined financials, for its completed UEX acquisition. A KPMG consent was included as an exhibit.
UEC agreed to buy the Roughrider uranium project in Saskatchewan's Athabasca Basin from Rio Tinto for $150 million, split between $80 million cash and $70 million of UEC stock.
UEC filed additional S-K 1300 resource updates for four smaller deposits (Charlie, Clarkson Hill, Nine Mile, Red Rim) within its Wyoming ISR Hub and Spoke platform.
24 Aug 2022asset acquisition disposition▲ GoodMajor
UEC completed its acquisition of UEX Corporation after shareholder and court approval, exchanging each UEX share for 0.090 UEC shares and adding UEX's Saskatchewan uranium projects to its portfolio.
UEC and UEX Corporation amended their merger terms again, raising the exchange ratio slightly to 0.090 UEC shares per UEX share and the termination fee to $9.0 million.
UEC filed the formal 8-K for the August 5 amendment to its UEX Corporation merger agreement, confirming the improved 0.0890 exchange ratio and higher termination fee.
UEC and UEX Corporation raised the exchange ratio in their pending merger to 0.0890 UEC shares per UEX share and increased the deal's termination fee by 7%.