United Energy Corporation Acquires Alkane in $31 Million Deal

United Energy Corporation (OTC: UNRG) completed the acquisition of Alkane in a transaction valued at $31 million, according to a recent announcement. The deal, finalized on June 1, 2026, marks a strategic move for United Energy Corporation as it expands its portfolio.

The acquisition encompasses all of Alkane’s assets and operations. United Energy Corporation funded the $31 million transaction through a combination of cash reserves and newly issued stock. Company representatives believe the acquisition will enhance United Energy Corporation’s market position and create synergies between the two entities.

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Date: June 1, 2026

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