On October 9, 2025, Uranium Energy Corp. (UEC) announced that the underwriter of its previously announced public offering had exercised the over‑allotment option, purchasing an additional 2,325,000 shares of UEC common stock at the offering price of $13.15 per share. The transaction generated gross proceeds of $30,573,750, bringing the total shares issued to 17,825,000 and the total gross proceeds to $234,398,750.
The proceeds from the over‑allotment option are earmarked to accelerate the development of a new, state‑of‑the‑art uranium refining and conversion facility through UEC’s wholly‑owned subsidiary, United States Uranium Refining & Conversion Corp. (UR&C). The company also plans to use a portion of the funds for general corporate and working‑capital purposes, further strengthening its debt‑free balance sheet.
This financing event is significant because it provides UEC with additional liquidity to support its vertically integrated strategy, enabling the company to move forward with its refining and conversion plans without incurring debt. The transaction also demonstrates continued investor confidence in UEC’s growth prospects, as the underwriter chose to exercise the option immediately after the initial offering closed.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.