The Austin-based company on Uraniumadmin
Uranium Energy Corp raised $15.3 million in its latest stock offering. Uranium Exploration and development in the Southwestern United States says it’s completed the sale of 6.4 million shares at $2.40 each. Share prices were hovering around $2.45 late Tuesday. In the past year the stock price has ranged from $1.80 to $4.82.
Uranium Energy says it will use the proceeds to continue work at its Goliad ISR Uranium Project, to acquire new land for exploration and development and for general corporate purposes.
Founded in 2003 by Alan Lindsay and Amir Adnani, Uranium Energy holds interests in nearly 71,000 acres of mineral properties in Arizona, Colorado, New Mexico, Texas, Utah and Wyoming. The company has 23 employees.