Uranium Energy Corp. (UEC) announced that it has entered into an option agreement with Neutron Energy Inc., granting Neutron the exclusive option to purchase the company's 49%-interest in Cibola Resources LLC for a cash payment of US$11 million. Cibola is owned 49% by the company and 51% by Neutron.
In order to exercise its option, Neutron must give the company written notice of its intention to exercise the option by December 31, 2009, and to pay by January 10, 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.