M&A Deal Summary

UEC Acquires UEX

On June 13, 2022, UEC acquired metals/mining company UEX

Acquisition Highlights
  • This is UEC’s 2nd transaction in the Metals/Mining sector.
  • This is UEC’s 2nd transaction in Canada.
  • This is UEC’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2022-06-13
Target UEX
Sector Metals/Mining
Buyer(s) UEC
Deal Type Add-on Acquisition
Advisor(s) TD Securities
Sprott Capital Partners (Financial)
Koffman Kalef (Legal)

Target

UEX

Saskatoon, Saskatchewan, Canada
UEX is a Canadian uranium and cobalt exploration and development company involved in an exceptional portfolio of uranium projects. The company's directly-owned portfolio of projects is located in the eastern, western, and northern perimeters of the Athabasca Basin, the world's richest uranium region which in 2020 accounted for approximately 8.1% of the global primary uranium production. In addition to advancing its uranium development projects through its ownership interest in JCU, UEX is currently advancing several other uranium deposits in the Athabasca Basin which include the Paul Bay, Ken Pen and Ōrora deposits at the Christie Lake Project , the Kianna, Anne, Colette and 58B deposits at its currently 49.1%-owned Shea Creek Project, the Horseshoe and Raven deposits located on its 100%-owned Horseshoe-Raven Project and the West Bear Uranium Deposit located at its 100%-owned West Bear Project.

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Buyer(S) 1

Buyer

UEC

Corpus Christi, Texas, United States
Category Company
Founded 2003
Sector Metals/Mining
Employees94
Revenue 164M USD (2023)
DESCRIPTION

UEC is a uranium mining and exploration company. The Company controls one of the largest databases of historic uranium exploration and development in the country. Using this knowledge base, the Company has acquired and is advancing exploration properties of merit throughout the southwestern U.S. UEC was founded in 2003 and is based in Corpus Christi, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 Reno Creek Uranium Project

Vancouver, British Columbia, Canada

Reno Creek Uranium Project provides mining and exploration of uranium ores.

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