• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    market news

    Uranium Energy Corp Exercises Option to Acquire the Alto Paraná Titanium Project in Paraguay

    Melissa Shaw
    Jul. 10, 2017 08:27AM PST
    Energy Investing

    Uranium Energy (NYSE MKT: UEC, the “Company” or “UEC”) is pleased to announce that the Company has exercised its previously disclosed option (the “Option”) to acquire all of the issued and outstanding shares of CIC Resources (Paraguay) (“CIC”), a wholly-owned subsidiary of CIC Resources Inc. (the “Vendor”), in accordance with the terms and conditions of …

    Uranium Energy (NYSE MKT: UEC, the “Company” or “UEC”) is pleased to announce that the Company has exercised its previously disclosed option (the “Option”) to acquire all of the issued and outstanding shares of CIC Resources (Paraguay) (“CIC”), a wholly-owned subsidiary of CIC Resources Inc. (the “Vendor”), in accordance with the terms and conditions of the Company’s share purchase and option agreement (the “Share Purchase and Option Agreement”) with the Vendor, dated March 4, 2016, as amended.  As a result, UEC now controls 100% of the Alto Paraná Titanium Project (the “Property”) located in the departments of Alto Paraná and Canindeyú in the Republic of Paraguay.
    Amir Adnani, President & CEO, said:

     “Over the last 5 years we have invested in assembling a team of technical and local experts in Paraguay to advance our ISR uranium portfolio.  The acquisition of the Alto Parana project in no way reflects a change in the strategic direction of UEC, rather an opportunity to acquire a large, advanced asset within a familiar jurisdiction.  Leveraging our in-country presence and know-how, we identified a timely and strategic opportunity to consolidate over 70,000 hectares making up the Alto Parana titanium project and its pilot plant for the benefit of UEC shareholders.
    Approximately $25 million has been invested in this project to date by CIC Resources and its former JV partner, Tronox. The UEC team and advisors have spent a considerable amount of time reviewing these assets, and in the coming months we will update the market on our go-forward plans to unlock value at Alto Paraná.”

    Click here to read the full text release. 

    pilot plantmarket newsuranium energyamir adnani
    The Conversation (0)

    Go Deeper

    AI Powered
    Nuclear power plant powered by uranium at dusk.

    Uranium Stocks: 5 Biggest Companies in 2025

    Uranium Energy

    Uranium Energy

    Latest News

    Lo Herma Hydrogeology Testing & Resource Expansion Drilling

    AuKing to Acquire 100% of Cloncurry Gold Project

    Chemical assay confirms high-grade uranium

    Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in 75 Past Producing Uranium Claims on The San Rafael Swell, Utah, United States

    Uranium.io Shakes Up Uranium Market With Launch of Real-Time Price Oracle

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES