Hogan Lovells guides Rio Tinto in sale of Uranium-related assets to Uranium Energy Corp
New York, 23 September 2024 - Global law firm Hogan Lovells is advising Rio Tinto America Inc., “Rio Tinto,” a leading global mining group, as it enters into an agreement with Uranium Energy Corp. (NYSE American: UEC), “UEC.”
Under the terms of the agreement, UEC would acquire 100% of Rio Tinto entities that own the Sweetwater Mill, and a portfolio of uranium assets, including the Sweetwater, Jackpot, and Big Eagle Mines. The purchase price payable at closing is US$175 million, subject to customary adjustments.
Rio Tinto, a leading global mining group, focuses on finding, mining, and processing the Earth’s mineral resources.
The Hogan Lovells deal team is led by M&A partners Megan Ridley-Kaye and Peter Cohen-Millstein (both New York), and includes partners Scott Reisch (Environmental & Natural Resources, Denver), Amy Roma (Energy, Washington, D.C.), Tom Boer (Environmental & Natural Resources, San Francisco), Nicola Lemay (Tax, Boston), and senior associates Tina Guo (New York), Chasse Osborn (Boston), Stephanie Fishman (Washington, D.C.), and Matthew Miller and Phil Sandick (both Denver).
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