share_log

Uranium Energy | 424B5: Prospectus

SEC ·  Dec 21, 2024 06:06

Summary by Futu AI

Uranium Energy Corp. has entered into an at-the-market offering agreement to sell up to $300 million of common stock. The offering will be conducted through Goldman Sachs & Co. LLC as lead manager and several co-managers.Shares will be sold at prevailing market prices on the NYSE American or other existing trading markets. The company intends to use the net proceeds for general corporate and working capital purposes. As of October 31, 2024, Uranium Energy had $32.5 million in cash and $66.2 million in uranium inventory.The offering expands Uranium Energy's financial flexibility as it advances its portfolio of U.S. and international uranium projects. The company recently restarted extraction at its Christensen Ranch ISR operation in Wyoming and is developing projects in Texas, Canada and Paraguay. With rising global demand for nuclear fuel, Uranium Energy aims to become a leading low-cost North American uranium supplier.
Uranium Energy Corp. has entered into an at-the-market offering agreement to sell up to $300 million of common stock. The offering will be conducted through Goldman Sachs & Co. LLC as lead manager and several co-managers.Shares will be sold at prevailing market prices on the NYSE American or other existing trading markets. The company intends to use the net proceeds for general corporate and working capital purposes. As of October 31, 2024, Uranium Energy had $32.5 million in cash and $66.2 million in uranium inventory.The offering expands Uranium Energy's financial flexibility as it advances its portfolio of U.S. and international uranium projects. The company recently restarted extraction at its Christensen Ranch ISR operation in Wyoming and is developing projects in Texas, Canada and Paraguay. With rising global demand for nuclear fuel, Uranium Energy aims to become a leading low-cost North American uranium supplier.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.