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According to a press-release, pursuant to the terms of the arrangement, UEX shareholders received 0.090 common shares of UEC for each UEX common share held. "The competing interest for UEX from other industry participants further validates the significant upside and strategic rationale we identified in UEX's portfolio of high-grade projects in the world-class Athabasca Basin of Saskatchewan. We look forward to working with our new stakeholders and the joint venture partners, including Cameco, Orano and Denison," commented president and CEO Amir Adnani.
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