Uranium Energy Corp announced that the Company has received a cash payment of US$11,000,000 as complete consideration for the sale of the Company’s 49%-interest in Cibola Resources LLC to Neutron Energy, Inc.
Uranium Energy announced that the Company has entered into an option agreement with Neutron Energy, granting Neutron the exclusive option to purchase the Company’s 49%-interest in Cibola Resources. Cibola is the owner of the Cebolleta uranium project. Cibola is owned 49% by the Company and 51% by Neutron, a private corporation based in Englewood, Colorado.
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