06:02 AM EST, 01/16/2025 (MT Newswires) -- Uranium Energy ( UEC ) late on Wednesday said it has completed the acquisition of roughly 107.1 million common shares of Anfield Energy ( ANLDF ) for $15 million.

Uranium Energy ( UEC ) subscribed for the Anfield shares at a price of $0.14 per share.

Following the acquisition, Uranium Energy ( UEC ) owns around 203.4 million Anfield shares representing about 17.8% of the outstanding shares on a non-diluted basis and about 24.2% on a partially diluted basis after assuming the exercise of all warrants held by Uranium Energy ( UEC ).

This is an increase from Uranium Energy's ( UEC ) prior holding of 96.3 million Anfield shares and 96.3 million Anfield share purchase warrants, each exercisable into an Anfield share at a price of $0.18 apiece until May 12, 2027. This equates to about 9.3% of outstanding Anfield shares on a non-diluted basis and 17% on a partially diluted basis after assuming the exercise of all warrants.