Uranium Energy completed the acquisition of the Roughrider uranium development project from Rio Tinto for $150m.

Uranium Energy, a firm engaged in the uranium mining and related activities, including exploration, pre-extraction, extraction and processing, completed the acquisition of the Roughrider uranium development project from Rio Tinto, a global mining group, for $150m. "With this accretive fully funded acquisition of the Roughrider Project, we're able to achieve multiple objectives: 100% owned, development-stage assets are rare in Canada's Athabasca basin, and we're adding a world-class project to anchor our Canadian high-grade conventional business; unlock value from the recently acquired UEX portfolio in the eastern Athabasca Basin as we now have critical mass to advance our production plans; and accelerate production plans for our Canadian high-grade conventional business given the advanced stage of Roughrider and the first-tier ESG, geotechnical and permitting work completed by Rio Tinto since 2012," Amir Adnani, UEC President and CEO.