Uranium Energy Corp (UEC) announced on January 15, 2025, the completion of its acquisition of 107,142,857 common shares of Anfield Energy Inc. for a total consideration of $10.46 million, equivalent to C$15 million. This transaction was executed pursuant to a subscription agreement between the two companies.
Immediately following this acquisition, UEC held beneficial ownership, control, and direction over a total of 203,415,775 Anfield Shares. This represents approximately 17.8% of the outstanding Anfield Shares on a non-diluted basis.
On a partially diluted basis, assuming the exercise of all warrants held by UEC, the company's ownership in Anfield Energy Inc. stands at approximately 24.2%. UEC stated that these Anfield Shares were acquired for investment purposes, indicating a strategic interest in Anfield's business and prospects.
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