23 Aug 2018material agreement▲ Good
UEC agreed to sell 1% net smelter royalties on its Slick Rock, Workman Creek and Anderson uranium properties to Uranium Royalty Corp for upfront cash, retaining ownership of the projects themselves.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 June 2018security holder rights change● Neutral
UEC extended the exercise deadline on warrants issued in its 2015 stock offering by 91 days, to September 2018; no new securities were sold.
4 May 2018asset acquisition disposition▲ Good
UEC closed its purchase of the North Reno Creek project from Uranerz Energy/Energy Fuels, first agreed in November 2017, further consolidating its Wyoming Reno Creek district.
27 Nov 2017drilling result▲ GoodMajor
A 132-hole drill campaign produced UEC's first full resource estimate for Burke Hollow: 7.09 million pounds of inferred uranium at 0.088% grade, establishing the South Texas project as a real resource base rather than just an exploration target.
6 Nov 2017material agreement▲ Good
UEC agreed to buy the adjacent North Reno Creek project from Uranerz Energy (a subsidiary of Energy Fuels) for about $5.4 million in cash and stock, consolidating its Reno Creek uranium district in Wyoming.
12 Sept 2017resource reserve update▲ GoodMajor
An independent resource estimate for UEC's newly acquired Alto Parana project in Paraguay found 4.94 billion tonnes grading 7.41% titanium oxide, ranking it among the highest-grade and largest known titanium deposits in the world.
11 Aug 2017asset acquisition disposition▲ GoodMajor
UEC closed its purchase of the fully permitted Reno Creek in-situ recovery uranium project in Wyoming, first agreed in May 2017, giving it a construction-ready U.S. asset with an existing NRC production license.
25 July 2017drilling progress report▲ Good
UEC extended its 2017 Burke Hollow drilling campaign into September, having completed 94 of a planned 100 holes with over a third of results exceeding its resource cutoff grade.
10 July 2017asset acquisition disposition▲ GoodMajor
UEC exercised its option with CIC Resources to buy full ownership of the Alto Parana Titanium project in Paraguay, taking 100% control of the property.
12 May 2017material agreement▲ GoodMajor
UEC agreed to buy the fully permitted Reno Creek in-situ recovery uranium project in Wyoming's Powder River Basin from Pacific Road Capital and Bayswater Uranium, pending U.S. nuclear regulator approval of the ownership change.
9 Mar 2017material agreement● Neutral
UEC extended by a year its option, held via a 2016 agreement with CIC Resources, to acquire full ownership of the Alto Parana Titanium project in Paraguay.
17 Jan 2017material agreement● Neutral
UEC raised about $26 million in an underwritten public stock offering.
11 Mar 2016capital raising announcement▲ Good
UEC closed the $10.51 million offering announced four days earlier.
10 Mar 2016capital raising announcement▲ GoodMajor
UEC bought JDL Resources from CIC Resources for 1.33 million shares plus $50,000 cash, and secured a one-year option to acquire CIC's Paraguayan titanium concessions (160,930 hectares, reducible to 70,498) for $250,000 cash plus a 1.5% royalty - the real origin of what the existing record only knew as "closed 2017."
10 Mar 2016material agreement● Neutral
UEC raised roughly $10.5 million through another stock-and-warrant offering to institutional investors.
7 Mar 2016capital raising announcement● Neutral
UEC announced a $10.51 million offering (12.36 million units at $0.85) with institutional investors.
What it means for a shareholder
12.4m new shares at US$0.850 to raise about US$10.5m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held US$1,000 of shares (1,176 at the issue price), your slice goes from 0.00117% to 0.00104% of the company. To keep it you'd need 145 more shares - about US$123 at the issue price.
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16 Feb 2016capital raising announcement● NeutralMajor
UEC and its Sprott-led lenders amended its $20 million secured credit facility, pushing the maturity date out from July 2017 to January 2020 and deferring principal payments to 2019, in exchange for a lower warrant exercise price and 959,163 shares issued to the lenders as an extension fee.
9 Dec 2015drilling progress report▲ GoodMajor
A completed drill campaign at UEC's Burke Hollow project in South Texas extended a key mineralized trend from 1.7 to 3.7 miles, with leach recovery testing above 90% - an early sign the deposit could support in-situ recovery mining.
25 June 2015capital raising announcement▲ Good
UEC closed the $10 million offering announced two days earlier.
25 June 2015material agreement● Neutral
UEC raised about $10 million selling stock and warrants to institutional investors in a registered direct offering, adding cash to fund its uranium project pipeline.
23 June 2015capital raising announcement● Neutral
UEC announced a $10 million offering (5 million units at $2.00) with two institutional investors.
What it means for a shareholder
5.0m new shares at US$2.00 to raise about US$10.0m. That's 5.1% dilution: every existing holder's slice gets 5.1% smaller. If you held US$1,000 of shares (500 at the issue price), your slice goes from 0.00054% to 0.000513% of the company. To keep it you'd need 27 more shares - about US$54 at the issue price.
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29 May 2015drilling progress report▲ Good
UEC's Yuty uranium project in Paraguay received government approval advancing it from the exploration phase into the exploitation phase, a step toward eventual production.