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The company said that its Board has unanimously determined, after consultation with its financial and legal advisors, that the Denison offer constitutes a"Superior Proposal" under the arrangement agreement dated June 13, 2022, as amended June 23, 2022, among UEX, Uranium Energy and UEC 2022 Acquisition.
Importantly, the company noted that UEC has the right, for a period of five business days from receipt of UEX's notice, to offer to amend the terms of the UEC Arrangement Agreement.
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