Uranium Energy Corp Extends Credit Facility to January 31, 2022 and Completes Royalty Sales to Uranium Royalty Corp

ID: 1544816
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(PresseBox) - - Maturity of existing $20 million Sprott credit facility is extended to January 31, 2022, further strengthens the Company?s working capital position and financial flexibility.

- No principal repayments until maturity.

- Completion of royalty sales creates a new significant ownership stake in Uranium Royalty Corp.

Uranium Energy Corp (NYSE American: UEC, the ?Company? or ?UEC? - http://www.commodity-tv.net/c/search_adv/?v=298723) is pleased to announce that the Company and its lenders, which include Sprott Resource Lending Partnership, have agreed to extend the Company?s current $20,000,000 senior secured credit facility (the ?Credit Facility?) to January 31, 2022 without any principal repayments required until maturity (collectively, the ?Credit Facility Extension?).

Amir Adnani, President and CEO, stated, ?The Company?s cash position of approximately $24.5 million, the Credit Facility Extension and the royalty sales together evidence UEC?s strong balance sheet heading into 2019.n this exciting venture to over one-third, adding a long-term asset to our uranium portfolio and balance sheet.?

The interest rate for the Credit Facility remains unchanged at 8%.fee will continue to be due in cash or stock, at the option of the Company, at the rate of 7%, 6.5% and 6%, respectively, on each such date.

Royalties sale completed

The Company recently closed a royalty purchase agreement with Uranium Royalty Corp. (?URC?). The Company, together with one of its wholly-owned subsidiaries, sold a one percent (1%) net smelter return royalty (collectively, the "Royalties") for uranium on UEC?s hard-rock conventional projects, Slick Rock (Colorado), Workman Creek (Arizona) and Anderson (Arizona).and strategic shareholder in Yellow Cake PLC (AIM: YCA), a holder of physical uranium.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets. reek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. 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.

The securities referred to in this news release have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Contact Uranium Energy Corp Investor Relations at:

Toll Free: (866) 748-1030

Fax: (361) 888-5041

E-mail: info(at)uraniumenergy.com

Stock Exchange Information:

NYSE American: UEC


ISN: US916896103

In Europe:

Swiss Resource Capital AG

Jochen Staiger



Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute ?forward-looking statements? as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.rojections, 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?ing 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, withoutfactors 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. elease shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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Date: 12/06/2018 - 10:25
Language: English
News-ID 1544816
Character count: 8674
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Corpus Christi, TX


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