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UEC to buy Rio's Roughrider uranium asset

New York-listed Uranium Energy Corp will buy the Roughrider uranium deposit in Canada from Rio Tinto for US$150 million.

UEC to buy Rio's Roughrider uranium asset UEC to buy Rio's Roughrider uranium asset UEC to buy Rio's Roughrider uranium asset UEC to buy Rio's Roughrider uranium asset UEC to buy Rio's Roughrider uranium asset

Uranium Energy Corp buys Rio asset

The deal is made up of $80 million in cash and $70 million in UEC stock, UEC said.

The cash portion isfully funded from $173 million of cash and liquid Assets on the balance sheet.