Uranium Energy Corp Seeks Formal Control in Strategic Expansion Push

UEC US9168961038

Uranium Energy Corp (UEC) is advancing a strategic initiative to solidify its position in the domestic uranium supply chain, with a pivotal shareholder vote scheduled for late February 2026. The move centers on gaining formal recognition of its controlling influence over partner Anfield Energy, a step that goes beyond a simple financial stake to secure critical processing infrastructure.

The focus for investors is a special meeting of Anfield Energy shareholders in Vancouver on February 27, 2026. The central item on the agenda is a vote to formally classify Uranium Energy Corp as a "Control Person" under the regulations of the TSX Venture Exchange. Approval from the independent shareholders would legitimize the Texas-based uranium producer's already substantial sway over Anfield.

UEC currently holds approximately 28.8% of Anfield's outstanding shares. This stake could potentially rise to about 36.8% through the exercise of warrants and the conversion of special rights, contingent on the upcoming vote and regulatory approvals.

Securing Rare Processing Capacity

This aggressive expansion of ownership is driven by clear industrial strategy. Anfield Energy controls the Shootaring Canyon Mill, one of only three licensed uranium mills in the United States. For UEC, securing access to this processing facility is a cornerstone of its plan for vertical integration within the domestic supply chain.

The company underscored these ambitions in January with a $4 million investment as part of a capital raise. The special rights acquired in that transaction, however, are subject to escrow conditions. Their release is tied directly to the successful shareholder vote and subsequent regulatory consent.

Navigating Market Volatility

These strategic maneuvers are unfolding against a backdrop of market turbulence. While UEC shares still show a year-to-date gain of over 20%, they came under pressure last week, declining by roughly 12%. Investors are currently weighing the company's long-term expansion plans against short-term price fluctuations.

The calendar remains busy in the coming weeks. Beyond the February 27 vote, market experts are looking ahead to March 10, 2026, when the company is expected to present its second-quarter fiscal results. Furthermore, the regulatory settlement concerning the recent Anfield transaction must be finalized by March 31.