Hogan Lovells guides Rio Tinto in sale of Uranium-related assets to Uranium Energy Corp

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).