Uranium Energy Adds Rio Tinto's Sweetwater Mine to U.S. Assets

September 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Uranium Energy Corporation (NYSE:UEC) (Corpus Christi, Texas) is responding to "unprecedented global growth in nuclear energy and demand for uranium" with the purchase of Rio Tinto's (NYSE:RIO) (London, England) Wyoming-based assets, including the Sweetwater Mine and related uranium-mining projects. Industrial Info is tracking more than $2 billion worth of Uranium Energy projects globally and about $9 billion worth of projects across the U.S. from Rio Tinto; the bulk of the latter is now attributed to copper-mining ventures. The deal between Uranium Energy and Rio Tinto, which is expected to close before the end of 2024, is valued at about $175 million. Other companies featured: Constellation Energy Corporation (NYSE:CEG), Microsoft Corporation (NASDAQ:MSFT) and BHP Group Limited