The company is acquiring 100% of the equity of Neutron Energy in a stock-for-stock deal pursuant to the agreement and plan of merger dated 1 March 2012.
URI said 95.9% of the votes cast at the meeting favored the issuance of the share. Earlier, the stockholders of Neutron approved the merger agreement in their meeting held on 23 August.
Uranium president and CEO Don Ewigleben said, "Our stockholders confirmed with their vote the significance of this acquisition to advance our strategy to consolidate both in situ recovery and conventional assets in New Mexico and to be one of the largest uranium companies based in the U.S."
The transaction is anticipated to close on or about 31 August 2012.
URI involves in exploration, development and mining of uranium. It claims to have produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas since 1977.
