UEX Corporation (UEX) News

UEX ( UEXCF on the OTC): Effective Aug. 25,2022: The delisting results from the acquisition of all of the issued and outstanding common shares of the Company by Uranium Energy Corp. ("UEC") (Symbol UEC: NYSE American), pursuant to a plan of arrangement. The arrangement was approved by security holders at a meeting held on August 15, 2022. Shareholders will receive 0.09 common shares of UEC in exchange for each Share held.

Symbols will be deleted:

https://otce.finra.org/otce/dailyList?viewType=Deletions

$UEX Corporation Announces Receipt of Superior Proposal

TSX:UEX

Last Trade: C$0.48
Daily Change: +0.06 14.46%
Daily Volume: 18,056,399
Market Cap: C$264.370M

Saskatoon, Saskatchewan, July 29, 2022 – UEX Corporation (TSX:UEX) (“UEX” or the “Company”) announces that it has received an unsolicited non-binding proposal from Denison Mines Corp. (“Denison”) for the acquisition of all of the issued and outstanding common shares of UEX (the “Denison Offer”). The Board of Directors of the Company (the “Board”) has unanimously determined, after consultation with its financial and legal advisors, that the Denison Offer constitutes a “Superior Proposal” under the arrangement agreement dated June 13, 2022, as amended June 23, 2022, among UEX, Uranium Energy Corp. (“UEC”) and UEC 2022 Acquisition Corp. (the “UEC Arrangement Agreement”).

In accordance with the UEC Arrangement Agreement, the Company notified UEC on July 28, 2022 that it considers the Denison Offer to be a Superior Proposal. UEC has the right, for a period of five business days from receipt of UEX's notice, to offer to amend the terms of the UEC Arrangement Agreement.

About UEX

UEX is a Canadian uranium and cobalt exploration and development company involved in an exceptional portfolio of uranium projects.

UEX’s directly-owned portfolio of projects is located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium region which in 2020 accounted for approximately 8.1% of the global primary uranium production. In addition to advancing its uranium development projects through its ownership interest in JCU, UEX is currently advancing several other uranium deposits in the Athabasca Basin which include the Paul Bay, Ken Pen and Orora deposits at the Christie Lake Project, the Kianna, Anne, Colette and 58B deposits at its currently 49.1%-owned Shea Creek Project, the Horseshoe and Raven deposits located on its 100%-owned Horseshoe-Raven Project and the West Bear Uranium Deposit located at its 100%-owned West Bear Project.

UEX is also 50:50 co-owner of JCU (Canada) Exploration Company, Limited (“JCU”). JCU’s portfolio of projects includes interests in some of Canada’s key future uranium development projects, notably a 30.099% interest in Cameco’s Millennium Project, a 10% interest in Denison’s Wheeler River Project, and a 33.8123% interest in Orano Canada’s Kiggavik Project, located in the Thelon Basin in Nunavut, as well as minority interests in nine other grassroots uranium projects in the Athabasca Basin.

UEX is also leading the discovery of cobalt in Canada, with three cobalt-nickel exploration projects located in the Athabasca Basin of northern Saskatchewan, including the only primary cobalt deposit in Canada. The 100% owned West Bear Project hosts the West Bear Cobalt-Nickel Deposit, the newly discovered Michael Lake Co-Ni Zone, and the West Bear Uranium Deposit. UEX also owns 100% of two early-stage cobalt exploration projects, the Axis Lake and Key West Projects.

For further information, please contact:

Roger Lemaitre
President & CEO
(306) 979-3849
www.uexcorp.com

https://www.uexcorp.com/news/uex-corporation-announces-receipt-of-superior-proposal

UEXCF looking good,lots of twitter buzz

https://www.bigmarker.com/vid-conferences/VID-Town-Hall?utm_bmcr_source=irinc

UEC and UEX will host a joint webcast on June 13, 2022 at 8:00 AM Pacific Time (11:00 AM Eastern
Time), for members of the investment community to discuss the Arrangement. Webcast information are
provided below.

https://www.otcmarkets.com/stock/UEXCF/news/Uranium-Energy-Corp-Announces-Acquisition-of-UEX-Corporation-to-Create-the-Largest-Diversified-North-American-Focused-Ur?id=360857

Anyone still here? Sprott predicts 3 bagger from todays price in the next 12 months

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/viewer.html?pdfurl=https%3A%2F%2Fsprott.com%2Fmedia%2F4718%2F220112-scp-uex-exploration.pdf&clen=1331052&chunk=true

UEX Corp (UEX) Stock Price Chart History

https://www.netcials.com/stock-price-chart-history-toronto/UEX-UEX-Corp/https://www.netcials.com/stock-price-chart-history-toronto/UEX-UEX-Corp/

Seems it is no longer considered "pink" in the USA. Volume of UEXCF way up after new listing. Glad I built my position while they were pink in the US. Up 120% so far for me. GLTA

Roger sounds so much better with each successive interview over the past year. He has really improved his image and delivery. Gone are those staged interviews and kumbaya Friday Photo Tweets that made me cringe.

Very credible and informative points are made in this & earlier interviews. He highlighted good logic for turning down money offers at this time without creating any unrealistic expectations. You know when Matthew Gordon interviews you, that he expects nothing less and he is getting it out of Roger. Thank you Matthew and Roger for a job well done on both sides.

Crux Interview with Roger Lemaitre - Sep 17, 2020

Still pursuing optimization of battery tech.

My paraphrase from this interview.

"Future needs Electricity Generation that is carbon free for EV's to make sense."

Cobalt is still at 10% of the Battery Chemistry

We need Nuclear Power - not Renewables

Gov Newsom skating on California thin ice because of Renewables

We need Cobalt

https://stockhouse.com/news/newswire/2020/08/19/technology-company-titans-confirm-need-for-cobalt-for-new-economy

Kazatomprom update

https://www.kazatomprom.kz/en/media/view/COVID-19:_Update_on_Kazatomprom_Operations

Schellenberger on a roll

Shellenberger calls himself a “rational environmentalist” who wrote this book because the “conversation about climate change and the environment [has] spiraled out of control.”

If you're a Uranium Investor looking for sunshine...

... then the new WNA report will give you a sunburn Australian Style.

Crux interview with Brandon Munro

Climate change alarmists called out by environmentalist

Michael Schellenberger apologizes for climate scare scare - click here

Crux Interview with Brandon Munro - Great Time

click here

Kazaks can't sell as much as they used to.

Forget the Covid factor. Kazaks no longer have excess mined supply as they did years ago. This could explain a lot. Listen to this interview - especially from around the 6 min mark.

Crux Interview with Brandon Munro

So why is SPOT price still lagging? While it is up this morning by $0.25 it first fell $0.80 over the previous 8 days or so. So it has some recovery to get back to recent highs.

It is my view that a certain Geopolitical issue continues to affect the price to the lower end. I won't go into those details because the situation is way to complex and I don't want to get into the politics of it here. Suffice it to say that they may not be as independent as Brandon suggests in the interview. Don't make any assumptions as to what I mean by that comment. Chances are you won't be right.

That said, Logic dictates that eventually the Supply Demand equation will rule. If the Geopolitical issue is dealt with as the Supply Demand gap grows then we could see a sudden violent move upward in SPOT.

When I talk about the Supply Gap, I don't just mean the line that we see in many graphs which show the gap fluctuating. I believe the delivery delay factor of two years has to be added to the GAP time frame.

Insider buys 125,000 UEX shares at $0.16 via financing.


Evelyn Elizabeth Abbott - Chief Financial Officer - also got 62,500 warrants under the deal.

Sometimes it pays to see what others don't.

For those familiar with the new terminology covfefe it may have referred to an alloy of [color=red]Cobalt[/color], Vanadium and Iron creating a magnetic material that will facillitate many innovative technological advances for our future including space travel and keeping 5G towers safe.

What do Futures Hold for Uranium Investors?

Click on the link and scroll down. Compare the bottom number to today's number.

It is interesting how the change shows up only AFTER the markets closed today being a Friday. Too bad we did not know that this was going to happen. Oh Wait! Quakes did know. So why did he not tell us about it then? Oh Wait! He did tell us. We just did not understand WTH he was talking about. Errors at month end? Really? is that what we are calling it these days? Errors?

Barchart Price History Click Here

SPOT ON!

@quakes99

No meat shortage after today.

There may be some difficulty in the pork industry but given how many lambs are being sent to slaughter ToDay (at the altar of Uranium shares) there will be no shortage of lamb chops.

Did you know that we are at Pre-Fukishima levels?

Back then, Uranium was at $70 lb. And today we have many more new Uranium plants coming on board.

This is worth a GOOD LISTEN with a notepad.

If you are not inclined to listen to the entire interview start at the 7 Minute mark. This was recorded several weeks ago. How much Uranium has been consumed since?

I especially love the comparisons between the shortage of health supplies and Mining minerals such as Uranium. POW!

Uranium Royalty Corp. CEO Scott Melbye

"You get a run on Uranium like we saw in 2005."

Is that not what Roger says?
Is it 2005 all over again?

For what it is worth, I say you bet your sweet SPOT it is - and then some.

Good start to the week

spot price

Strongest policy statement made by the USA Government in support of Uranium energy.

I could not agree more. And therefore this will benefit Canadian and USA Uranium miners for a very long time.

Amir Adnani

UEX is the most read board.

This is an interesting stat.

Most read board for the week

No spam on Investorshub though. It gets removed QUICKLY.

More Green Numbers on Barchart.

$33.20 Glass ceiling broken today.

Click here

Price manipulation is so blatant today.

Anon Anon Anon Anon

Today's news was what the buyers have been waiting for and SPOT PRICE is already up. Yet the share price manipulators continue to do their thing.

Up again and again

Numerco Spot price

After wonderful news for local Uranium from the Trump Administration. Best news ever for Uranium miners in Canada and USA.

Quakes take

Up again
SPOT price

Volume on USA market continues to be impressive.

Well over 238,000 shares traded at this point. Americans are learning about the Uranium Stock opportunity. This is great volume for the American UEX market.

I should add that Canadian volume stands at 1.5 Million at time of this posting.

A lot more green on Uranium Futures

Barchart

AND up again!

numerco

SPOT Uranium price up again and again.

Numerco

Amazing how SPOT drives the stocks when LT contracts CANNOT be signed for less that $50.00 - $65.00. In fact, I suspect that they are going to be signed for so much more than that.

NEWS OUT UEX pegs West Bear at 5.12 Mt Co, 5.66 Mt Ni indicated

Barchart Uranium Futures up $1.50 lb today. Lots of green.

And this is how the coiled spring Uranium Markets work.

Lots of Green numbers all of a sudden. Uranium plants being started up and others being restarted and more fuel keeps getting consumed while production keeps getting halted. Oh what to do.

It has been a while since I displayed the Barchart Futures so here it is.


Historical prices

200,000 UEX shares on American Market under symbol UEXCF

That is the highest volume I have seen on the American market in a long time. Interest is definitely GROWING.

SPOT Uranium is up $1.36 lb so far today.

The Perfect Storm.

Just when I noticed that all trades this morning were taking place on the TSX suddenly the price started to fall and look where those trades took place. Not on the TSX. So when the shorter seller have to cover their shorts they are forced to buy wherever the shares are offered. But when they want to drag the price back down they conveniently switch to the invisible order systems known as the Alternate Tricking Systems. Why the secrecy? How much longer is this behavior going to be tolerated by the mining companies and their investors. Write to your MP and MPP. Don't let them tell you the COVID-19 is preventing them from fixing this. We need to have this fixed now.

The previous link was disabled after having tested it.
Here it is again. Lets see if it stays up this time.

Big wall put up to stop the rise. Gee I wonder who would do that.

Uranium Price

As I said yesterday no need for a Crystal Ball today.

Uranium prices

Tomorrow $30.00 glass ceiling gets smashed.

With today's announcement of indefinite closures you don't need a crystal ball to know that the Uranium Spot price will smash through $30.00.

Are more Uranium sanctions possible?

General Keane suggests Uranium Sanctions

As soon as the Uranium SPOT goes up

numerco

Some nefarious operators put more uex up for sale. Short Selling manipulators perhaps?

Almost 5 times the buying volume

There are 1.5 million shares traded so far but only 230,000 showing on TSX.
All the other volume is withing the Alternate Trading Systems.


What kind of trading regulators do we have? Who are they working for? Certainly NOT the little guy. Why are ATS transactions prevented from displaying their volumes to the people who use the most widely used online trading services?

Stop announcing your positions/activity

When amateur traders announce their every move on the internet, the short sellers get an advantage knowing that they are dealing with weak hands. Those with an irresistible urge to disclose each trade and total holdings foolishly send a signal to the short sellers 'hey folks I just bought a million shares and I never sell for a loss' but they know better and they know that if you hold a large number of shares they come after you and wait for you to drag the stock lower as they sell the stock short.

Stop announcing your positions and trades. Nobody gives a damn except for those with the means to manipulate the share price. Grow up. Smarten up. and maybe, just maybe your share price will go up too.

3,197,600 shares traded today.

Combined CDN and USA exchanges.

How much will SPOT increase...
...tomorrow?
...by the end of the week?
...once all operators have had time to digest the Kazak closure news?

Compounding effect on SPOT will continue.

The effect will keep compounding

Up some more

numerco