NYSE American Symbol – UEC
CORPUS CHRISTI TX, Sept. 28, 2018 /PRNewswire/ - Uranium Energy
Corp. (NYSE American: UEC; "UEC" or the "Company") is pleased
to announce an underwritten public offering (the "Offering") of
units of the Company (the "Units") at a price of $1.60 per Unit, with each Unit being comprised of
one common share of the Company (each, a "Share") and one‐half of
one common share purchase warrant (each whole warrant, a "Warrant")
to raise gross proceeds of up to $10
million. Each Warrant will entitle the holder to
acquire one common share (each, a "Warrant Share") at a price per
Warrant Share of $2.05 exercisable
immediately upon issuance and expiring 30 months from closing.
H.C. Wainwright & Co., LLC and Haywood Securities Inc. are
acting as joint book-running managers in connection with the
Offering.
The Company anticipates that the net proceeds of the Offering
will be used to fund exploration and development expenditures at
the Company's projects and for general corporate and working
capital purposes.
The closing of the Offering is expected to occur on or about
October 3, 2018.
Uranium Energy will host an investor conference call today,
Friday, September 28, 2018, at
5:00PM EST, to discuss the proposed
public offering. The conference call can be accessed at: Webcast
URL (EN):
https://event.on24.com/wcc/r/1850340/6EA8257ACC616CA58FFD8ECCA9D8C198
Call Agenda:
The following members of the UEC team will lead the call:
- Mr. Spencer Abraham, Chairman
and former US Secretary of Energy, will highlight key US national
security concerns related to foreign uranium dependence and the
actions being considered by the US government to protect domestic
uranium supply;
- Mr. Amir Adnani, CEO and
President, will provide an overview of the Company's development
plans for the remainder of 2018 and in 2019; and
- Mr. Scott Melbye, Executive Vice
President of UEC and Chairman of Uranium Royalty Corp., will
provide insight into several pivotal supply and demand developments
in recent months.
A "shelf" registration statement relating to the shares of
common stock and warrants to be issued in the proposed Offering was
filed with the Securities and Exchange Commission (the "SEC") and
was declared effective by the SEC on March
10, 2017.
A preliminary prospectus supplement and accompanying prospectus
describing the terms of the proposed Offering has been filed with
the SEC. Copies of the preliminary prospectus supplement and
the accompanying prospectus supplement relating to the securities
being offered may also be obtained from H.C. Wainwright & Co.,
LLC, via email at placements@hcwco.com, and in Canada by from Haywood Securities Inc. at
ecm@haywood.com. Electronic copies of the preliminary
prospectus supplement and accompanying prospectus are also be
available on the SEC's website at http://www.sec.gov.
This press release does not and shall not constitute an offer to
sell or the solicitation of an offer to buy any of the securities,
nor shall there be any sale of the securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration of qualification under the
securities laws of any state or jurisdiction. The securities
being offered have not been approved or disapproved by any
regulatory authority, nor has any such authority passed upon the
accuracy or adequacy of the prospectus supplement, the prospectus
or the Company's shelf registration statement.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and
exploration company. The Company's fully-licensed Hobson
Processing Facility is central to all of its projects in
South Texas, including the
Palangana ISR mine, the permitted Goliad ISR project and the
development-stage Burke Hollow ISR project. In Wyoming, UEC
controls the permitted Reno Creek ISR project. Additionally, the
Company controls a pipeline of advanced-stage uranium projects in
Arizona, Colorado, New
Mexico and Paraguay, and a
large, high-grade titanium project in Paraguay. The Company's
operations are managed by professionals with a recognized profile
for excellence in their industry, a profile based on many decades
of hands-on experience in the key facets of uranium exploration,
development and mining.
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein,
the information presented in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian laws.
These statements relate to analyses and other information that are
based on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any other statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans, "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and should be
viewed as "forward-looking statements". Such forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements, including statements regarding
whether or when the Offering may be completed and the anticipated
use of proceeds from the offering. Such risks and other factors
include, among others, the actual results of exploration
activities, variations in the underlying assumptions associated
with the estimation or realization of mineral resources, the
availability of capital to fund programs and the resulting dilution
caused by the raising of capital through the sale of shares,
accidents, labor disputes and other risks of the mining industry
including, without limitation, those associated with the
environment, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction
activities, title disputes or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements contained in
this news release and in any document referred to in this news
release.
Certain matters discussed in this news release and oral
statements made from time to time by representatives of the Company
may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and the Federal
securities laws. Although the Company believes that the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, it can give no assurance that its
expectations will be achieved. Forward-looking information is
subject to certain risks, trends and uncertainties that could cause
actual results to differ materially from those projected. Many of
these factors are beyond the Company's ability to control or
predict. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company's
filings with the Securities and Exchange Commission. For
forward-looking statements in this news release, the Company claims
the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
The Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy
securities.
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SOURCE Uranium Energy Corp