Uranium Energy Corp Outlines Development Plans in Preparation for the Mid-2019 U.S. Government National Security Action on Uranium Imports

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298360) is pleased to provide the following letter to its shareholders from President and CEO, Amir Adnani.

Dear Shareholders,

2019 is lining up to be among the most eventful years in UEC’s 14-year history. The fundamental improvements in the uranium market appear likely to continue, following last year’s increase in the spot price to $29/lb. Additionally, the U.S. Government’s probe into foreign imports impacting domestic nuclear fuel cycle capabilities could be significant for the Company by accelerating demand for U.S. mined uranium.

With 98 operating reactors, the U.S. has the largest nuclear fleet in the world with annual requirements of about 45 million pounds of uranium per year.  In contrast, U.S. mines are projected to produce less than 400,000 pounds in 2019, not enough for even one reactor. 

The U.S. Government has launched an investigation into this over-dependence on foreign uranium as a national security matter and a final decision to enact U.S. quotas or other possible remedies is expected by mid-2019.  The potential for quotas would require a meaningful portion of U.S. demand to be supplied by domestic production, which could yield a premium for U.S. mined uranium. Fortunately, and as reported by the U.S. Geological Survey, there are abundant uranium resources that can be developed in states such as Wyoming and Texas.

In this context, we are prioritizing the advancement of our fully permitted Reno Creek ISR Project in Wyoming and development drilling at our Burke Hollow ISR Project in South Texas.  UEC has a potential U.S. production profile of 4 million pounds per year.  Reno Creek is permitted at 2 million pounds per year and our Hobson processing facility, the hub of our South Texas operations, has a capacity of 2 million pounds per year. UEC is ideally positioned to be part of an overall solution to promote growth in U.S. uranium mining with our environmentally friendly and low-cost in-situ recovery (ISR) projects.

Burke Hollow ISR Project – Advancing Development

UEC has made final preparations for the drilling and installation of monitoring wells at the proposed Production Area Authorization One (“PAA-1”) at the Burke Hollow ISR Project in Bee County, Texas. 

The Company has selected drilling and heavy equipment contractors with start-up planned for the beginning of March.  Initial plans include drilling approximately 20 holes to delineate several lightly-drilled areas for optimum monitor well ring design. The drill rigs will shift to drilling and installation of 120 monitor wells upon completion of the delineation holes. 

In 2013, UEC discovered uranium ore trends at the Burke Hollow Project, one of the only new discoveries in the U.S. over the past decade.  Resources at the project have increased with every drilling campaign, resulting in the delineation of a major uranium orebody which extends over 5 miles along its trend length.  To date, a 2.4-mile long mineralized trend has been defined, which will constitute the initial Production Area at Burke Hollow.  A large monitor well ring will encompass the proposed PAA-1, in accordance with regulatory requirements from the Texas Commission on Environmental Quality (“TCEQ”). 

Reno Creek Advancement – Largest Permitted, Undeveloped ISR Project in the U.S.

UEC is directing an independent Preliminary Feasibility Study (“PFS”) for its Reno Creek ISR project in order to expedite upcoming construction in advancing the project towards production.  The study will be accomplished in accordance with National Instrument 43-101 (“NI 43-101”) and its related guidelines and will be based on the recently updated NI 43-101 Resource Report announced in our January 15, 2019 press release.  That report estimates a Measured and Indicated mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8 contained within 32 million tons and an Inferred mineral resource of 1.49 million pounds U3O8 at a weighted average grade of 0.039% U3O8 contained within 1.92 million tons.*

The PFS will incorporate design criteria provided with UEC expertise and will be reviewed and supplemented with preliminary designs and cost estimates for project components from a qualified consulting engineering firm.

Uranium Market Improvement

Fundamentals in the uranium market are continuing to improve as we have reported over the last two years. One of the primary drivers has been the market price remaining below most producer’s production costs.  While prices have strengthened, this disequilibrium persists and is likely to continue being a strong driver supporting much higher prices. A direct result of this factor has been significant production cuts, resulting in more than 30 million pounds of annual production removed from the market since 2016.

In 2018, spot uranium prices rose about 20% year over year and more than 40% from last April.  Record transaction volume of more than 88 million pounds was reported in the spot market, almost 60% percent greater than the previous record established in 2011.  Producer buying has tripled since 2017 and the investment community has re-entered the market, taking large blocks of material out of circulation, enhancing the already bullish supply-demand picture. 

Global nuclear energy generation in 2018 returned to pre-Fukushima levels.  Meanwhile, long-term contracting by utilities remained suppressed, reaching a six-year low in 2018. This adds to the tightening demand coil that should be released as older term contracts roll out of supplier and utility portfolios and inventory is drawn down.  All these factors coupled with growing global demand bodes well for continued rebalancing and price appreciation in the uranium markets.

Government Investigation on National Security Impacts of Imported Uranium

For U.S. producers, uranium demand from U.S. utilities may become more robust as an outcome of the current national security investigation on uranium. This action was initiated as a result of the extreme dependency of the U.S. on imported uranium, with 2019 anticipated to show U.S. production at less than 1% of the nation’s reactor requirements.  The investigation is expected to result in a decision from the U.S. Government by mid-2019.  While no definitive outcome is clear at this point, a premium for U.S. mined uranium could easily evolve.

UEC remains actively engaged in industry discussions regarding the investigation and we will continue our efforts on Capitol Hill to revitalize the industry.  We meet regularly with bipartisan members of Congress, Committees, the White House and various government agencies to discuss matters relating to the U.S. uranium industry.  Several members of our senior management team are involved with this effort, including our Chairman, Spencer Abraham, former Secretary of Energy in the George W. Bush Administration.  Secretary Abraham wrote an Op-Ed article this past year published by USA Today, outlining the national security necessity for a strong domestic industry. This insightful article may be accessed at https://usat.ly/2PQfx3K.

Corporate Development Portfolio

A pillar of our three-prong strategy during the extended bear market in uranium has been to make accretive acquisitions.  As a result, the Company controls a pipeline of Resource and Preliminary Economic Assessment-stage projects in Arizona, Colorado, and Paraguay.*

In 2018, UEC was instrumental in the launch of Uranium Royalty Corp (“URC”) and is the largest shareholder, owning ~34% of this company. URC is the largest investor and a strategic partner of Yellow Cake PLC listed in London.  URC is working towards an IPO in 2019 and is seeking to emulate, with uranium, the very successful royalty and streaming business model that has emerged in the base and precious metals sectors.

The UEC portfolio also includes the Alto Parana Titanium Project in Paraguay, one of the highest-grade and largest undeveloped Ferro-Titanium deposits in the world (total Inferred resource has been estimated at 4.94 billion tonnes grading 7.41% titanium oxide and 23.6% iron oxide at a 6% TiO2 cut-off).*  While we are prioritizing capital expenditures for U.S. projects in the first half of 2019, we are also in planning phases to commission a new Preliminary Economic Assessment at Alto Parana as part of our monetization strategy.

As the year unfolds, we will provide additional perspective once the decisions associated with the U.S. Government’s investigation have been made. When the U.S. industry begins to ramp-up, it will need quality people, infrastructure, resources and permits, the four key ingredients that UEC already has in place. 

We appreciate your ongoing support of our long-term business strategy to become the leading U.S. uranium producer.  Please feel free to reach our Investor Relations department at 1-866-748-1030 or info@uraniumenergy.com with any questions or comments that you might have as the year develops. Visit our website at UraniumEnergy.com and follow us on Twitter @UraniumEnergy to keep current on all our activities.

Yours truly,

“Amir Adnani”

President & CEO

About Uranium Energy Corp

Uranium Energy Corp (UEC) is a U.S.-based uranium mining and exploration company.  In South Texas, the Company’s hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana, Burke Hollow and Goliad ISR projects.  In Wyoming, UEC controls the Reno Creek project which is the largest permitted, pre-construction ISR uranium project in the U.S.  Additionally, the Company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and one of the highest-grade and largest undeveloped Ferro-Titanium deposits in the world, located in Paraguay.  The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Clyde L. Yancey, P.G., Vice President-Exploration for the Company, a Qualified Person under NI 43-101.

Safe Harbor Statement

*   The mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7 guidelines.  In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Accordingly, we have not reported them in the United States. Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves. These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. In particular, it should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability. It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources or inferred mineral resources referred to herein are economically or legally mineable.

Except for the statements of historical fact contained herein, the information presented in this letter constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this letter.

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Uranium Energy Corp Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming

  • New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (“ISR”) uranium project in the U.S.
  • First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin.
  • Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling.
  • Added resources benefit from existing production permits in place.

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” –  http://www.commodity-tv.net/c/search_adv/?v=298723 ) is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Reno Creek ISR Project (“Reno Creek” or the “Project”).  

The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (“North Reno Creek”) into the Company’s Reno Creek Project. *  The report is entitled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the “Report”). 

The Report estimates a Measured and Indicated (“M&I”) mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8 contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8 at a weighted average grade of 0.039% U3O8 contained within 1.92 million tons. *

Amir Adnani, President and CEO, stated, “For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership.  Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit.  We’re executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects.  Combining Reno Creek with the Company’s South Texas ISR projects, positions UEC to lead a renaissance in U.S. uranium production via the ISR mining method, which is globally recognized for being low cost and environmentally friendly.”

The Company completed the acquisition of the North Reno Creek project in May 2018 (press release dated May 3, 2018), and since that time has been focused on updating resources, consolidating permits, merging databases and locating all Project related information into a newly opened office in Glenrock, Wyoming, near the Project. 

The Company contracted Behre Dolbear, an internationally recognized mining consulting firm, to complete the Report on the Project.  The Report will be filed on SEDAR within 45 days of the date of this press release.  Henceforth, Reno Creek and North Reno Creek will be considered as one project in terms of resource reporting, permitting and pre-production planning.  The M&I resource estimate for the Project is presented in Table 1: *

Figure 1 shows the location of the entire 19,769-acre Reno Creek property area. 

Figure 2 shows the 6,053-acre permit area covered by Permit 824, Reno Creek ISR Project Permit to Mine, issued by the Wyoming Department of Environmental Quality (“WDEQ”) on July 17, 2015 (the “Permit”), and associated mineralized trends.  A Source and By Product Materials License for Reno Creek was issued in February 2017 from the U.S Nuclear Regulatory Commission (“NRC”), supported by a Final Environmental Impact Statement and Record of Decision, to permit production of up to 2 million pounds U3O8 per year.

On September 30, 2018, the State of Wyoming became an NRC Agreement State, which gives the State the authority to regulate in-situ recovery facilities in Wyoming.  From this date forward, UEC will only be required to work with the State WDEQ for Permit revisions, which will streamline the process to include the North Reno Creek resources under the existing Permit.

About Reno Creek

The Reno Creek Project is in the Powder River Basin of northeast Wyoming, one of the most prolific uranium producing regions in the U.S. and the home of five ISR uranium mining operations: Cameco’s Smith Ranch/Highland and North Butte, Uranium One’s Willow Creek, Energy Fuels’ Nichols Ranch and Strata’s Lance project.  The Project is less than 10 miles from the nearest town of Wright, Wyoming with a population of 1,800.  Substantial historical exploration, development and permitting work has been completed on the Reno Creek property, beginning in the late 1960s and continuing to present.  Approximately 10,000 uranium exploration drill holes have been completed within and near the Project area by various operators over this time.

Currently, Company geologists are reviewing the historical data to assess the development of additional resources along 12 miles of partially defined mineralized trends within the currently held acreage.  Development of a conceptual mining plan to support a revised Preliminary Feasibility Study is underway and the Company is planning on completing this document in 2019.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Robert D. Maxwell, CPG, a consultant for the Company and a Qualified Person under NI 43-101.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets.  The Company’s fully-licensed Hobson Processing Facility is central to all its uranium projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

*Notice to U.S. Investors

The mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7 guidelines.  In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC.  Accordingly, we have not reported them in the United States.  Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves.  These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.  It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability.  It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category.  In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies.  Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources or inferred mineral resources referred to herein are economically or legally mineable.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.  Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Many of these factors are beyond the Company’s ability to control or predict.  Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.  Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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Uranium Energy Corp kündigt neue und konsolidierte NI 43-101 Mineralressourcen* für Reno Creek ISR-Projekt in Wyoming an

  • Neue und erweiterte M&I-Mineralressourcen machen das Projekt zum größten genehmigten befindlichen In-situ-Recovery ("ISR")-Uranprojekt in den USA
  • Zum ersten Mal wurden die wichtigsten mineralisierten Trends des ISR-Projekts Reno Creek im Eastern Pumpkin Buttes District des Powder River Basin konsolidiert
  • Erhebliches ISR-Explorations- und Expansionspotenzial innerhalb offener mineralisierter Trends basierend auf verfügbaren historischen Bohrungen
  • Zusätzliche Ressourcen profitieren von den bestehenden Produktionsgenehmigungen

Uranium Energy Corp (NYSE American: UEC, das "Unternehmen" oder "UEC" – http://www.commodity-tv.net/c/search_adv/?v=298723) freut sich bekannt zu geben, dass das Unternehmen eine aktualisierte National Instrument 43-101 Standards of Disclosure for Mineral Properties ("NI 43-101") Ressourcenschätzung für sein Reno Creek ISR-Projekt ("Reno Creek" oder das "Projekt") abgeschlossen hat. 

Das Projekt befindet sich im Powder River Basin, Wyoming, und beinhaltet nun die Konsolidierung und Einbeziehung des ehemaligen North Reno Creek Projekts ("North Reno Creek") in das Reno Creek Projekt des Unternehmens. * Der Bericht trägt den Titel "Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA" vom 31. Dezember 2018, wie er von Behre Dolbear, einem international anerkannten Bergbauberatungsunternehmen, für das Unternehmen erstellt wurde (der "Report").

Der Bericht schätzt eine gemessene und angezeigte ("M&I") Mineralressource von 26 Millionen Pfund Uran ("U3O8") mit einem gewichteten Durchschnittsgehalt von 0,041% U3O8 mit 32 Millionen Tonnen und eine abgeleitete Mineralressource von 1,49 Millionen Pfund U3O8 mit einem gewichteten Durchschnittsgehalt von 0,039% U3O8 mit 1,92 Millionen Tonnen. *

Amir Adnani, Präsident und CEO, erklärte: "Seit Jahrzehnten kann der Uranbezirk Reno Creek aufgrund von zersplitterten Eigentumsverhältnissen sein volles Potenzial nicht ausschöpfen. Durch eine Reihe von Akquisitionen in den letzten 24 Monaten hat UEC die wichtigsten Projektbereiche erfolgreich konsolidiert und den Weg für diese bedeutende neue Ressource geebnet, mit dem Vorteil, dass sie unter unserer bestehenden Produktionsgenehmigung abgedeckt ist. Wir führen konträre Akquisitionen in schwierigen Zeiten auf dem Uranmarkt durch und haben uns ein Produktionsprofil von kostengünstigen und voll genehmigten ISR-Projekten erarbeitet. Durch die Kombination von Reno Creek mit den ISR-Projekten des Unternehmens in Süd-Texas positioniert sich UEC in der Lage, eine Renaissance der Uranproduktion in den USA durch die ISR-Mining-Methode zu führen, die weltweit als kostengünstig und umweltfreundlich anerkannt ist."

Das Unternehmen hat die Akquisition des North Reno Creek Projekts im Mai 2018 abgeschlossen (Pressemitteilung vom 3. Mai 2018) und konzentriert sich seitdem auf die Aktualisierung der Ressourcen, die Konsolidierung von Genehmigungen, die Zusammenführung von Datenbanken und die Lokalisierung aller projektbezogenen Informationen in einem neu eröffneten Büro in Glenrock, Wyoming, nahe dem Projekt.Das Unternehmen beauftragte Behre Dolbear, ein international anerkanntes Bergbau-Beratungsunternehmen, mit der Erstellung des Berichts über das Projekt. Der Bericht wird innerhalb von 45 Tagen nach dem Datum dieser Pressemitteilung auf SEDAR veröffentlicht. Von nun an werden Reno Creek und North Reno Creek als ein Projekt in Bezug auf Ressourcenberichterstattung, Genehmigungs- und Vorproduktionsplanung betrachtet. Die M&I-Ressourcenschätzung für das Projekt ist in Tabelle 1 dargestellt: *

Abbildung 1 zeigt die Lage der gesamten 19.769 Hektar großen Grundstücksfläche von Reno Creek.

Abbildung 2 zeigt das 6.053 Hektar große Genehmigungsgebiet, das von Permit 824, Reno Creek ISR Project Permit to Mine, ausgestellt vom Wyoming Department of Environmental Quality ("WDEQ") am 17. Juli 2015 (das "Permit"), und den damit verbundenen mineralisierten Trends abgedeckt wird. Eine Source and By Product Materials License für Reno Creek wurde im Februar 2017 von der U.S. Nuclear Regulatory Commission ("NRC") erteilt, unterstützt durch eine endgültige Umweltverträglichkeitserklärung und ein Entscheidungsprotokoll, um die Produktion von bis zu 2 Millionen Pfund U3O8 pro Jahr zu ermöglichen.

Am 30. September 2018 wurde der Staat Wyoming in einen NRC-Vertragsstaat umgewandelt, der dem Staat die Befugnis erteilt, In-situ-Rückgewinnungsanlagen in Wyoming zu regeln. Von diesem Zeitpunkt an wird die UEC nur noch mit dem Staat WDEQ für Genehmigungsrevisionen zusammenarbeiten müssen, was den Prozess deutlich vereinfachen wird, um die Ressourcen des North Reno Creek in die bestehende Genehmigung einzubeziehen.

Über Reno Creek

Das Reno Creek Projekt befindet sich im Powder River Basin im Nordosten von Wyoming, einer der produktivsten uranproduzierenden Regionen der USA und Heimat von fünf ISR-Uranbergbauaktivitäten: Cameco’s Smith Ranch/Hochland und North Butte, Uran One’s Willow Creek, Energy Fuels‘ Nichols Ranch und Strata’s Lance Projekt. Das Projekt ist weniger als 10 Meilen von der nächsten Stadt Wright, Wyoming mit 1.800 Einwohnern entfernt. Auf dem Grundstück Reno Creek wurden seit Ende der 1960er Jahre und bis heute umfangreiche historische Erkundungs-, Erschließungs- und Genehmigungsarbeiten durchgeführt. In dieser Zeit wurden von verschiedenen Betreibern rund 10.000 Uranerkundungsbohrungen innerhalb und in der Nähe des Projektgebietes abgeschlossen.

Derzeit überprüfen Geologen des Unternehmens die historischen Daten, um die Entwicklung zusätzlicher Ressourcen entlang von 12 Meilen teilweise definierter mineralisierter Trends innerhalb der derzeit gehaltenen Anbauflächen zu bewerten. Die Entwicklung eines konzeptionellen Abbauplans zur Unterstützung einer überarbeiteten Vorläufigen Machbarkeitsstudie ist im Gange und das Unternehmen plant, dieses Dokument 2019 fertigzustellen.

Die technischen Informationen in dieser Pressemitteilung wurden in Übereinstimmung mit den kanadischen regulatorischen Anforderungen gemäß NI 43-101 erstellt und von Robert D. Maxwell, CPG, einem Berater für das Unternehmen und einer qualifizierten Person gemäß NI 43-101, geprüft.

Über Uranium Energy Corp.

Uranium Energy Corp. ist ein in den USA ansässiges Uranabbau- und Explorationsunternehmen mit zusätzlichen Titan- und Vanadiumanlagen. Die voll lizenzierte Hobson Processing Facility des Unternehmens ist von zentraler Bedeutung für alle seine Uranprojekte in Südtexas, einschließlich der Palangana ISR-Mine, des genehmigten Goliad ISR-Projekts und des Burke Hollow ISR-Projekts in der Entwicklungsphase.  In Wyoming kontrolliert UEC das genehmigte Reno Creek ISR Uranprojekt. Darüber hinaus kontrolliert das Unternehmen eine Pipeline von fortgeschrittenen Uranprojekten in Arizona, Colorado, New Mexico und Paraguay. Das Unternehmen kontrolliert auch ein großes, hochwertiges Titanprojekt in Paraguay und bedeutende Vanadiumressourcen in Kombination mit dem Uranprojekt Slick Rock in Colorado. Die Aktivitäten des Unternehmens werden von Experten mit einem anerkannten Profil für hervorragende Leistungen in ihrer Branche geleitet, das auf jahrzehntelanger praktischer Erfahrung in den Schlüsselbereichen Uranexploration, -entwicklung und -bergbau basiert.

*Hinweis für US-Investoren

Die hierin genannten Mineralressourcen wurden in Übereinstimmung mit den in NI 43-101 genannten Definitionsnormen des Canadian Institute of Mining, Metallurgy and Petroleum geschätzt und entsprechen nicht den Richtlinien des U.S. Securities and Exchange Commission (die "SEC") Industry Guide 7. Darüber hinaus sind gemessene Mineralressourcen, angezeigte Mineralressourcen und abgeleitete Mineralressourcen, obwohl sie von kanadischen Vorschriften anerkannt und gefordert werden, keine definierten Begriffe im SEC Industry Guide 7 und dürfen normalerweise nicht in Berichten und Registrierungserklärungen verwendet werden, die bei der SEC eingereicht wurden. Dementsprechend haben wir sie in den Vereinigten Staaten nicht gemeldet. Die Anleger werden darauf hingewiesen, nicht davon auszugehen, dass ein Teil oder alle Mineralressourcen dieser Kategorien jemals in Mineralreserven umgewandelt werden. Diese Begriffe haben eine große Unsicherheit über ihre Existenz und eine große Unsicherheit über ihre wirtschaftliche und rechtliche Machbarkeit. Es sei darauf hingewiesen, dass mineralische Ressourcen, die keine Mineralreserven sind, keine wirtschaftliche Tragfähigkeit nachgewiesen haben. Es kann nicht davon ausgegangen werden, dass alle oder ein Teil der gemessenen Mineralressourcen, der angezeigten Mineralressourcen oder der abgeleiteten Mineralressourcen jemals in eine höhere Kategorie eingestuft werden. In Übereinstimmung mit den kanadischen Regeln können Schätzungen der abgeleiteten Mineralressourcen nicht die Grundlage für Machbarkeits- oder andere wirtschaftliche Studien bilden. Die Anleger werden darauf hingewiesen, dass sie nicht davon ausgehen dürfen, dass ein Teil der gemeldeten gemessenen Mineralressourcen, der angegebenen Mineralressourcen oder der abgeleiteten Mineralressourcen, auf die hierin Bezug genommen wird, wirtschaftlich oder rechtlich abbaubar ist.

Safe Harbor Erklärung

Mit Ausnahme der hierin enthaltenen Aussagen zu historischen Fakten sind oder können die in dieser Pressemitteilung enthaltenen Informationen und mündlichen Aussagen, die von Zeit zu Zeit von Vertretern des Unternehmens abgegeben werden, "zukunftsgerichtete Aussagen" darstellen, da ein solcher Begriff in den anwendbaren Gesetzen der Vereinigten Staaten und Kanadas verwendet wird und, ohne Einschränkung, im Sinne des Private Securities Litigation Reform Act von 1995, für den das Unternehmen den Schutz des sicheren Hafens für zukunftsgerichtete Aussagen geltend macht. Diese Aussagen beziehen sich auf Analysen und andere Informationen, die auf Prognosen über zukünftige Ergebnisse, Schätzungen noch nicht bestimmbarer Beträge und Annahmen des Managements beruhen. Alle anderen Aussagen, die Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen oder zukünftige Ereignisse oder Leistungen zum Ausdruck bringen oder diskutieren (oft, aber nicht immer, mit Worten oder Phrasen wie "erwartet" oder "erwartet nicht", "wird erwartet", "antizipiert" oder "nicht antizipiert", "plant", "schätzt" oder "beabsichtigt", oder erklärt, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann", "könnte", "würde", "könnte" oder "wird" ergriffen werden, auftreten oder erreicht werden) sind keine Aussagen über historische Fakten und sollten als zukunftsgerichtete Aussagen betrachtet werden. Solche zukunftsgerichteten Aussagen beinhalten bekannte und unbekannte Risiken, Unsicherheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens wesentlich von den zukünftigen Ergebnissen, Leistungen oder Errungenschaften abweichen, die in solchen zukunftsgerichteten Aussagen ausdrücklich oder implizit enthalten sind. Zu diesen Risiken und anderen Faktoren gehören unter anderem die tatsächlichen Ergebnisse der Explorationstätigkeiten, Schwankungen der zugrunde liegenden Annahmen im Zusammenhang mit der Schätzung oder Realisierung von Bodenschätzen, die Verfügbarkeit von Kapital für die Finanzierung von Programmen und die daraus resultierende Verwässerung durch die Kapitalbeschaffung durch den Verkauf von Aktien, Unfälle, Arbeitskämpfe und andere Risiken des Bergbaus, einschließlich, aber nicht beschränkt auf die mit der Umwelt verbundenen Risiken, Verzögerungen bei der Einholung behördlicher Genehmigungen, Genehmigungen oder Finanzierungen oder bei der Fertigstellung von Entwicklungs- oder Bautätigkeiten, Rechtsstreitigkeiten oder Einschränkungen des Versicherungsschutzes. Obwohl das Unternehmen versucht hat, wichtige Faktoren zu identifizieren, die dazu führen könnten, dass tatsächliche Handlungen, Ereignisse oder Ergebnisse wesentlich von den in zukunftsgerichteten Aussagen beschriebenen abweichen, kann es andere Faktoren geben, die dazu führen, dass Handlungen, Ereignisse oder Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt sind. Es kann nicht garantiert werden, dass sich solche Aussagen als richtig erweisen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich von den in solchen Aussagen erwarteten abweichen können. Obwohl das Unternehmen davon ausgeht, dass die in solchen zukunftsgerichteten Aussagen geäußerten Erwartungen auf vernünftigen Annahmen beruhen, kann es keine Garantie dafür geben, dass seine Erwartungen erfüllt werden. Zukunftsgerichtete Informationen unterliegen bestimmten Risiken, Trends und Unsicherheiten, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich von den prognostizierten abweichen. Viele dieser Faktoren liegen außerhalb der Kontroll- und Prognosefähigkeit des Unternehmens. Wichtige Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich voneinander abweichen und sich auf das Unternehmen und die in dieser Pressemitteilung enthaltenen Aussagen auswirken könnten, sind in den Unterlagen des Unternehmens bei der Securities and Exchange Commission enthalten. Das Unternehmen übernimmt keine Verpflichtung, zukunftsgerichtete Aussagen zu aktualisieren oder zu ergänzen, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen. Dementsprechend sollten sich die Leser nicht übermäßig auf zukunftsgerichtete Aussagen in dieser Pressemitteilung und in allen Dokumenten, auf die in dieser Pressemitteilung Bezug genommen wird, verlassen. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch die Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren dar.

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Uranium Energy Corp Extends Credit Facility to January 31, 2022 and Completes Royalty Sales to Uranium Royalty Corp

– Maturity of existing $20 million Sprott credit facility is extended to January 31, 2022, further strengthens the Company’s working capital position and financial flexibility.
– No principal repayments until maturity.
– Completion of royalty sales creates a new significant ownership stake in Uranium Royalty Corp.

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298723) is pleased to announce that the Company and its lenders, which include Sprott Resource Lending Partnership, have agreed to extend the Company’s current $20,000,000 senior secured credit facility (the “Credit Facility”) to January 31, 2022 without any principal repayments required until maturity (collectively, the “Credit Facility Extension”).

Amir Adnani, President and CEO, stated, “The Company’s cash position of approximately $24.5 million, the Credit Facility Extension and the royalty sales together evidence UEC’s strong balance sheet heading into 2019.  The Credit Facility Extension allows us to maximize working capital to advance our portfolio of low-cost and production-ready ISR projects in Texas and Wyoming in this critical time for the U.S. uranium industry.   Additionally, the agreement with Uranium Royalty Corp. increases our ownership in this exciting venture to over one-third, adding a long-term asset to our uranium portfolio and balance sheet.”

The interest rate for the Credit Facility remains unchanged at 8%.  In connection with the Credit Facility Extension, the Company has issued a total of 1,180,328 common shares of the Company to the lenders as an extension fee.  As with the Company’s prior Credit Facility, should any principal be outstanding on each of November 30, 2019, 2020 and 2021, an annual fee will continue to be due in cash or stock, at the option of the Company, at the rate of 7%, 6.5% and 6%, respectively, on each such date.

Royalties sale completed

The Company recently closed a royalty purchase agreement with Uranium Royalty Corp. (“URC”). The Company, together with one of its wholly-owned subsidiaries, sold a one percent (1%) net smelter return royalty (collectively, the "Royalties") for uranium on UEC’s hard-rock conventional projects, Slick Rock (Colorado), Workman Creek (Arizona) and Anderson (Arizona).  As consideration for the sale of the Royalties, UEC received 12,000,000 common shares of URC representing, along with UEC’s prior interest, over a 34% holding in URC as of this date. URC is a private company with a unique and sole focus on uranium royalty and streaming assets. It is also a large and strategic shareholder in Yellow Cake PLC (AIM: YCA), a holder of physical uranium.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets.  The Company’s fully-licensed Hobson Processing Facility is central to all of its uranium projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

The securities referred to in this news release have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Contact Uranium Energy Corp Investor Relations at:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info@uraniumenergy.com
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.  Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Many of these factors are beyond the Company’s ability to control or predict.  Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.  Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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Uranium Energy Corp verlängert Kreditlinie auf 31. Januar 2022 und schließt Lizenzverkäufe an Uranium Royalty Corp ab

– Fälligkeit der bestehenden 20 Millionen US-Dollar Sprott-Kreditlinie wird bis zum 31. Januar 2022 verlängert, wodurch die Betriebskapitalposition und die finanzielle Flexibilität des Unternehmens weiter gestärkt werden.
– Keine Tilgungszahlungen bis zur Fälligkeit.
– Mit dem Abschluss der Lizenzverkäufe entsteht eine neue bedeutende Beteiligung an Uranium Royalty Corp.

Uranium Energy Corp (NYSE American: UEC, das "Unternehmen" oder "UEC" – http://www.commodity-tv.net/c/search_adv/?v=298723) freut sich bekannt zu geben, dass das Unternehmen und seine Kreditgeber, zu denen auch die Sprott Resource Lending Partnership gehört, vereinbart haben, die derzeitige vorrangig besicherte Kreditfazilität des Unternehmens in Höhe von 20.000.000 US-$ (die "Kreditfazilität") bis zum 31. Januar 2022 ohne bis zur Fälligkeit erforderliche Kapitalrückzahlungen zu verlängern (zusammen die "Kreditfazilität").

Amir Adnani, President und CEO, erklärte: "Die Cash-Position des Unternehmens von rund 24,5 Millionen US-Dollar, die Kreditfazilität und die Lizenzverkäufe belegen zusammen die starke Bilanz von UEC im Jahr 2019. Die Kreditfazilität ermöglicht es uns, das Betriebskapital zu maximieren, um unser Portfolio an kostengünstigen und produktionsreifen ISR-Projekten in Texas und Wyoming in dieser für die Uranindustrie der USA kritischen Zeit zu erweitern.  Darüber hinaus erhöht die Vereinbarung mit Uranium Royalty Corp. unsere Beteiligung an diesem spannenden Projekt auf über ein Drittel und erweitert unser Uranportfolio und unsere Bilanz um einen langfristigen Vermögenswert."

Der Zinssatz für die Kreditlinie bleibt unverändert bei 8%. Im Zusammenhang mit der Kreditfazilität hat die Gesellschaft insgesamt 1.180.328 Stammaktien der Gesellschaft als Verlängerungsgebühr an die Kreditgeber ausgegeben. Wie bei der vorherigen Kreditfazilität der Gesellschaft wird, sollte am 30. November 2019, 2020 und 2021 jeweils Kapital ausstehend sein, weiterhin nach Wahl der Gesellschaft eine jährliche Gebühr in bar oder in Aktien in Höhe von 7%, 6,5% bzw. 6% an jedem dieser Tage fällig.

Lizenzverkauf abgeschlossen

Das Unternehmen hat kürzlich einen Lizenzkaufvertrag mit Uranium Royalty Corp. abgeschlossen ("URC"). Das Unternehmen verkaufte zusammen mit einer seiner hundertprozentigen Tochtergesellschaften eine einprozentige (1%) Nettorschmelzabgabe (zusammen die "Lizenzgebühren") für Uran auf den konventionellen UEC Hartgesteinsprojekten Slick Rock (Colorado), Workman Creek (Arizona) und Anderson (Arizona). Als Gegenleistung für den Verkauf der Lizenzgebühren erhielt UEC 12.000.000.000 Stammaktien von URC, die zusammen mit dem früheren Anteil von UEC zu diesem Zeitpunkt über 34% an URC nun ausmachen. URC ist ein privates Unternehmen mit einem einzigartigen und alleinigen Fokus auf Uranlizenzen und Streaming Assets. Sie ist auch ein großer und strategischer Aktionär von Yellow Cake PLC (AIM: YCA), einem Besitzer von physischem Uran.

Über Uranium Energy Corp.

Uranium Energy Corp. ist ein in den USA ansässiges Uranabbau- und Explorationsunternehmen mit zusätzlichen Titan- und Vanadiumanlagen. Die voll lizenzierte Hobson Processing Facility des Unternehmens ist von zentraler Bedeutung für alle seine Uranprojekte in Südtexas, einschließlich der Palangana ISR-Mine, des genehmigten Goliad ISR-Projekts und des Burke Hollow ISR-Projekts im Entwicklungsstadium. In Wyoming kontrolliert UEC das genehmigte Reno Creek ISR Uranprojekt. Darüber hinaus kontrolliert das Unternehmen eine Pipeline von fortgeschrittenen Uranprojekten in Arizona, Colorado, New Mexico und Paraguay. Das Unternehmen kontrolliert auch ein großes, hochwertiges Titanprojekt in Paraguay und bedeutende Vanadiumressourcen in Kombination mit dem Uranprojekt Slick Rock in Colorado. Die Aktivitäten des Unternehmens werden von Experten mit einem anerkannten Profil für hervorragende Leistungen in ihrer Branche geleitet, das auf jahrzehntelanger praktischer Erfahrung in den Schlüsselbereichen Uranexploration, -entwicklung und -bergbau basiert.

Die in dieser Pressemitteilung genannten Wertpapiere wurden nicht gemäß dem United States Securities Act von 1933 in der jeweils gültigen Fassung registriert und dürfen in den Vereinigten Staaten ohne Registrierung oder eine entsprechende Befreiung von der Registrierungspflicht nicht angeboten oder verkauft werden.

Kontaktieren Sie Uranium Energy Corp Investor Relations unter:
Gebührenfrei: +1(866) 748-1030
Fax: +1(361) 888-5041
E-Mail: info@uraniumenergy.com
Börseninformationen:
NYSE American: UEC
WKN: AØJDRR
ISIN: US91689696103

In Europa:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch 

Safe Harbor Erklärung

Mit Ausnahme der hierin enthaltenen Aussagen zu historischen Fakten sind oder können die in dieser Pressemitteilung enthaltenen Informationen und mündlichen Aussagen, die von Zeit zu Zeit von Vertretern des Unternehmens abgegeben werden, "zukunftsgerichtete Aussagen" darstellen, da ein solcher Begriff in den anwendbaren Gesetzen der Vereinigten Staaten und Kanadas verwendet wird und, ohne Einschränkung, im Sinne des Private Securities Litigation Reform Act von 1995, für den das Unternehmen den Schutz des sicheren Hafens für zukunftsgerichtete Aussagen geltend macht. Diese Aussagen beziehen sich auf Analysen und andere Informationen, die auf Prognosen über zukünftige Ergebnisse, Schätzungen noch nicht bestimmbarer Beträge und Annahmen des Managements beruhen.  Alle anderen Aussagen, die Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen oder zukünftige Ereignisse oder Leistungen zum Ausdruck bringen oder diskutieren (oft, aber nicht immer, mit Worten oder Phrasen wie "erwartet" oder "erwartet nicht", "wird erwartet", "antizipiert" oder "nicht antizipiert", "plant", "schätzt" oder "beabsichtigt", oder erklärt, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann", "könnte", "würde", "könnte" oder "wird" ergriffen werden, auftreten oder erreicht werden) sind keine Aussagen über historische Fakten und sollten als zukunftsgerichtete Aussagen betrachtet werden.  Solche zukunftsgerichteten Aussagen beinhalten bekannte und unbekannte Risiken, Unsicherheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens wesentlich von den zukünftigen Ergebnissen, Leistungen oder Errungenschaften abweichen, die in solchen zukunftsgerichteten Aussagen ausdrücklich oder implizit enthalten sind.  Zu diesen Risiken und anderen Faktoren gehören unter anderem die tatsächlichen Ergebnisse der Explorationstätigkeiten, Schwankungen der zugrunde liegenden Annahmen im Zusammenhang mit der Schätzung oder Realisierung von Bodenschätzen, die Verfügbarkeit von Kapital für die Finanzierung von Programmen und die daraus resultierende Verwässerung durch die Kapitalbeschaffung durch den Verkauf von Aktien, Unfälle, Arbeitskämpfe und andere Risiken des Bergbaus, einschließlich, aber nicht beschränkt auf die mit der Umwelt verbundenen Risiken, Verzögerungen bei der Einholung behördlicher Genehmigungen, Genehmigungen oder Finanzierungen oder bei der Fertigstellung von Entwicklungs- oder Bautätigkeiten, Rechtsstreitigkeiten oder Einschränkungen des Versicherungsschutzes.  Obwohl das Unternehmen versucht hat, wichtige Faktoren zu identifizieren, die dazu führen könnten, dass tatsächliche Handlungen, Ereignisse oder Ergebnisse wesentlich von den in zukunftsgerichteten Aussagen beschriebenen abweichen, kann es andere Faktoren geben, die dazu führen, dass Handlungen, Ereignisse oder Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt sind.  Es kann nicht garantiert werden, dass sich solche Aussagen als richtig erweisen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich von den in solchen Aussagen erwarteten abweichen können.  Obwohl das Unternehmen davon ausgeht, dass die in solchen zukunftsgerichteten Aussagen geäußerten Erwartungen auf vernünftigen Annahmen beruhen, kann es keine Garantie dafür geben, dass seine Erwartungen erfüllt werden.  Zukunftsgerichtete Informationen unterliegen bestimmten Risiken, Trends und Unsicherheiten, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich von den prognostizierten abweichen.  Viele dieser Faktoren liegen außerhalb der Kontroll- und Prognosefähigkeit des Unternehmens.  Wichtige Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich voneinander abweichen und sich auf das Unternehmen und die in dieser Pressemitteilung enthaltenen Aussagen auswirken könnten, sind in den Unterlagen des Unternehmens bei der Securities and Exchange Commission enthalten.  Das Unternehmen übernimmt keine Verpflichtung, zukunftsgerichtete Aussagen zu aktualisieren oder zu ergänzen, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen.  Dementsprechend sollten sich die Leser nicht übermäßig auf zukunftsgerichtete Aussagen in dieser Pressemitteilung und in allen Dokumenten, auf die in dieser Pressemitteilung Bezug genommen wird, verlassen. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch die Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren dar.

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Uranium Energy Corp Closes $20 Million Public Offering

Uranium Energy Corp. (NYSE American: UEC; “UEC” or the “Company” –  http://www.commodity-tv.net/c/search_adv/?v=298360 ) is pleased to announce that it has now closed its previously announced public offering of 12,613,049 units of the Company (each, a “Unit”), at a price of $1.60 per Unit, for gross proceeds of approximately $20 million (the “Offering”).  Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle its holder to acquire one common share of the Company (each, a “Warrant Share”) at an exercise price of $2.05 per Warrant Share exercisable immediately upon issuance and expiring 30 months from the closing of the Offering.

The net proceeds of the Offering will be used to fund exploration and development expenditures at the Company’s projects and for general corporate and working capital purposes.

H.C. Wainwright & Co., LLC and Haywood Securities Inc. acted as joint book-running managers in connection with the Offering, and TD Securities Inc., Eight Capital, Roth Capital Partners, LLC and Sprott Private Wealth LP acted as co-managers.

A “shelf” registration statement relating to the shares of common stock and warrants to be issued in the Offering was filed in both in the United States with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on March 10, 2017 and in Canada.

A final prospectus supplement and accompanying prospectus describing the terms of this Offering was filed in both the United States and in Canada.  Copies of the final prospectus supplements and the accompanying prospectus relating to the Offering may be obtained from H.C. Wainwright & Co., LLC via email at placements@hcwco.com, and in Canada from Haywood Securities Inc. at ecm@haywood.com   Electronic copies of the final prospectus supplements and accompanying prospectus are also available on the SEC’s website at http://www.sec.gov or by visiting the Company’s profile on SEDAR at www.sedar.com.

This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any state or jurisdiction.  The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the prospectus or the Company’s shelf registration statement.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company.  The Company’s fully-licensed Hobson Processing Facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay, and a large, high-grade titanium project in Paraguay. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Contact Uranium Energy Corp Investor Relations at:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info@uraniumenergy.com

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including statements regarding whether or when the Offering may be completed and the anticipated use of proceeds from the offering. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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USA TODAY Publishes an Op-Ed Article from Uranium Energy Corp Chairman Spencer Abraham on U.S. Uranium and National Security

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298360) is pleased to announce USA TODAY published an article on September 20, by UEC Chairman Spencer Abraham titled “Domestic uranium necessary for national security, healthy nuclear energy programs.”  Mr. Abraham is a former U.S. Secretary of Energy and U.S. Senator.

The following is provided with the permission of  USA  TODAY.

USA TODAY
Domestic uranium is necessary for national security, healthy nuclear energy programsSpencer Abraham | Opinion contributor
Published 7:00 a.m. ET Sept. 20, 2018

America used to export uranium, but now it is dependent on other countries. In order to protect ourselves, we need to increase uranium mining.

When I served as Energy secretary under President George W. Bush, our administration was deeply concerned that over 50% of our oil was imported, with much of it coming from unstable places. We considered this a major national security matter.

Today, that national security concern has been solved through a combination of American ingenuity, technology and fully embracing our abundant natural resources. But now, we face a similar national security challenge. The U.S. nuclear fleet, generating 20% of this country’s electricity (and about 60% of our carbon-free energy) has become almost entirely dependent on foreign uranium, much of it from countries with elevated geopolitical risks.

At its peak in 1980, U.S. uranium production stood at 43.7 million pounds, enough to supply all of our U.S. reactors and a substantial portion of our allies’ requirements.

In 2017, U.S. uranium production was less than 2.4 million pounds, accounting for about 5% of the nation’s requirements, even though our uranium reserves are sufficient to meet our domestic demand.

Please click here: https://usat.ly/2PQfx3K for the full article.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company.  The Company’s fully-licensed Hobson Processing Facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay, and a large, high-grade titanium project in Paraguay. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

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USA TODAY veröffentlicht Op-Ed Artikel von Uranium Energy Corp. Chairman Spencer Abraham über Uran und nationale Sicherheit

Uran Energy Corp (NYSE American: UEC, das "Unternehmen" oder "UEC" – http://www.commodity-tv.net/c/search_adv/?v=298360)  freut sich, dass USA TODAY am 20. September einem Op-Ed  des UEC-Vorsitzenden Spencer Abraham mit dem Titel "Domestic uranium necessary for national security, healthy nuclear energy programs" veröffentlicht hat. Herr Abraham ist ehemaliger US-Energieminister und US-Senator.

In USA TODAY bringt Minister Abraham die Notwendigkeit einer gesunden Uranindustrie der USA, ihre Bedeutung für die nationale Sicherheit und die Risiken zum Ausdruck, denen das Land durch eine übermäßige Abhängigkeit von ausländischem Uran ausgesetzt ist. 

Er lobt auch die gegenwärtige Regierung bei ihren Maßnahmen zur Umsetzung einer konstruktiven Politik, die auf den Wiederaufbau und die Aufrechterhaltung einer lebhaften einheimischen Uran- und Atomindustrie abzielt.

Das Folgende wird mit freundlicher Genehmigung von USA TODAY zur Verfügung gestellt.

USA TODAY

Einheimisches Uran ist notwendig für die nationale Sicherheit, mittels gesicherter Kernenergie-Programme

Spencer Abraham | Meinungsbildner

Veröffentlicht 7:00 Uhr ET 20. Sept. 2018

Früher exportierte Amerika Uran, heute ist es von anderen Ländern abhängig. Um uns zu schützen, müssen wir den Uranabbau verstärken.

Als ich unter Präsident George W. Bush als Energieminister tätig war, war unsere Regierung zutiefst besorgt, dass über 50  % unseres Öls importiert wurden, wobei ein Großteil davon aus instabilen Gebieten kam. Wir betrachteten dies als eine wichtige Angelegenheit der nationalen Sicherheit.

Heute ist dieses nationale Sicherheitsproblem durch eine Kombination aus amerikanischem Einfallsreichtum, Technologie und der vollen Nutzung unserer reichen natürlichen Ressourcen gelöst worden. Aber jetzt stehen wir vor einer ähnlichen nationalen Sicherheitsherausforderung. Die US-Atomflotte, die 20 % der Elektrizität dieses Landes (und etwa 60 % unserer kohlenstofffreien Energie) erzeugt, ist fast vollständig von ausländischem Uran abhängig geworden, ein Großteil davon aus Ländern mit erhöhten geopolitischen Risiken.

Auf dem Höhepunkt im Jahr 1980 lag die Uranproduktion in den USA bei 43,7 Millionen Pfund, genug, um alle unsere US-Reaktoren und einen erheblichen Teil des Bedarfs unserer Verbündeten zu decken.

Im Jahr 2017 betrug die Uranproduktion in den USA weniger als 2,4 Millionen Pfund, was etwa 5% des nationalen Bedarfs entspricht, obwohl unsere Uranreserven ausreichen, um unsere Inlandsnachfrage zu decken.

Bitte klicken Sie hier: https://usat.ly/2PQfx3K für den vollständigen Artikel.

Über Uranium Energy Corp.

Uranium Energy Corp ist ein Uranabbau- und Explorationsunternehmen mit Sitz in den USA.  Die voll lizenzierte Hobson Processing Facility des Unternehmens steht im Mittelpunkt aller seiner Projekte in Südtexas, einschließlich der Palangana ISR-Mine, des genehmigten Goliad ISR-Projekts und des Burke Hollow ISR-Projekts in der Entwicklungsphase. In Wyoming kontrolliert UEC das genehmigte ISR-Projekt Reno Creek. Darüber hinaus kontrolliert das Unternehmen eine Pipeline von fortgeschrittenen Uranprojekten in Arizona, Colorado, New Mexico und Paraguay sowie ein großes, hochwertiges Titanprojekt in Paraguay. Die Geschäftstätigkeit des Unternehmens wird von Fachleuten mit  viel Erfahrung und hervorragenden Leistungen in ihrer Branche geleitet, das auf jahrzehntelanger praktischer Erfahrung in den Schlüsselbereichen der Uranexploration, -entwicklung und -bergbau basiert.

Kontaktieren Sie Uranium Energy Corp Investor Relations unter: Gebührenfrei: (866) 748-1030
Fax: +1(361) 888-5041
E-Mail: info@uraniumenergy.com
Börseninformationen:
NYSE American: UEC
WKN: AØJDRR
ISIN: US916896103

In Europa
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Safe Harbor Erklärung

Mit Ausnahme der hierin enthaltenen historischen Fakten stellen die in dieser Pressemitteilung enthaltenen Informationen "zukunftsgerichtete Aussagen" dar, wie sie in den geltenden Gesetzen der Vereinigten Staaten und Kanadas verwendet werden. Diese Aussagen beziehen sich auf Analysen und andere Informationen, die auf Prognosen zukünftiger Ergebnisse, Schätzungen noch nicht bestimmbarer Beträge und Annahmen des Managements beruhen. Alle anderen Aussagen, die Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen oder zukünftige Ereignisse oder Leistungen zum Ausdruck bringen oder beinhalten (oft, aber nicht immer, mit Worten oder Ausdrücken wie "erwartet" oder "nicht erwartet", "wird erwartet", "antizipiert" oder "nicht antizipiert", "plant, "schätzt" oder "beabsichtigt", oder erklärt, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann", "könnte", "würde", "könnte" oder "wird" getroffen, eintreten oder erreicht werden) sind keine Aussagen über historische Fakten und sollten als "zukunftsgerichtete Aussagen" betrachtet werden. Solche zukunftsgerichteten Aussagen beinhalten bekannte und unbekannte Risiken, Ungewissheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens wesentlich von den in diesen zukunftsgerichteten Aussagen ausdrücklich oder implizit enthaltenen Ergebnissen, Leistungen oder Errungenschaften abweichen. Zu diesen Risiken und anderen Faktoren gehören unter anderem die tatsächlichen Ergebnisse der Explorationsaktivitäten, Schwankungen der zugrunde liegenden Annahmen im Zusammenhang mit der Schätzung oder Realisierung von Bodenschätzen, die Verfügbarkeit von Kapital zur Finanzierung von Programmen und die daraus resultierende Verwässerung durch die Beschaffung von Kapital durch den Verkauf von Aktien, Unfälle, Arbeitsstreitigkeiten und andere Risiken der Bergbauindustrie, einschließlich, aber nicht beschränkt auf solche im Zusammenhang mit der Umwelt, Verzögerungen bei der Einholung staatlicher Genehmigungen, Genehmigungen oder Finanzierungen oder bei der Durchführung von Entwicklungs- oder Bautätigkeiten, Rechtsstreitigkeiten oder Einschränkungen des Versicherungsschutzes. Obwohl das Unternehmen versucht hat, wichtige Faktoren zu identifizieren, die dazu führen könnten, dass die tatsächlichen Handlungen, Ereignisse oder Ergebnisse wesentlich von den in den zukunftsgerichteten Aussagen beschriebenen abweichen, kann es andere Faktoren geben, die dazu führen, dass Handlungen, Ereignisse oder Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt sind. Es kann nicht garantiert werden, dass sich solche Aussagen als richtig erweisen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich von den in solchen Aussagen erwarteten abweichen können. Dementsprechend sollten sich Leser nicht übermäßig auf zukunftsgerichtete Aussagen in dieser Pressemitteilung und in Dokumenten, auf die in dieser Pressemitteilung Bezug genommen wird, verlassen. Es gilt ausschließlich das Englishce Original dieser Pressemitteliung. Keine Gewähr für Übersetzung.

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Uranium Energy Corp Announces Results of Annual General Meeting

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298360) is pleased to announce that, in conjunction with the holding of the Company’s recent annual general meeting of stockholders on July 19, 2018, the following matters were duly ratified by the Company’s stockholders and have now been implemented by the Board of Directors in the following manner:

  • Amir Adnani, Spencer Abraham, Ivan Obolensky, Vincent Della Volpe, David Kong, Ganpat Mani and Gloria Balletsta were elected to the Board of Directors of the Company;
  • Ernst & Young LLP, Chartered Professional Accountants, were appointed as the Company’s independent registered accounting firm;
  • the Company’s 2018 Stock Incentive Plan was approved;
  • the Company’s executive compensation was approved; and
  • the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company immediately following the AGM:

Amir Adnani:                President and Chief Executive Officer;

Pat Obara:                   Secretary, Treasurer and Chief Financial Officer; and

Scott Melbye               Executive Vice President.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company.  The Company’s fully-licensed Hobson Processing Facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay, and a large, high-grade titanium project in Paraguay. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Contact Uranium Energy Corp Investor Relations at:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info@uraniumenergy.com

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. 

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Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin and Appoints Darcy Hirsekorn as District Geologist

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – https://www.youtube.com/…) is pleased to announce that the Company has closed a definitive Property Purchase Agreement (the “Agreement”), with Nuinsco Resources Limited (“Nuinsco”) to acquire 100% of the Diabase project (the “Diabase Project” or “Project”) located on the south rim of the Athabasca Basin uranium district in Saskatchewan, Canada.

Acquisition Highlights
• Total consideration for the acquisition is approximately $500,000 comprised of $240,000 in cash and 164,767 shares (at a deemed issuance price of $1.60 per common share).
• The property has seen in excess of US$ 20 million in historical exploration work, including over 21,000 meters of diamond drilling, geophysical surveying and surficial sampling data.
• The Project delivers a significant land package of 21,949 hectares, which overlies a highly prospective regional corridor within 75 km of Cameco’s Key Lake mill in a stable and leading jurisdiction for uranium exploration and mining.
• Efficient acquisition that preserves balance sheet flexibility in the bottom of the uranium cycle at less than 0.1% dilution to current UEC shareholders.
Clyde Yancey, VP-Exploration, stated: “Our acquisition strategy focuses on low cost, high value projects, the Diabase project is consistent with those objectives and UEC gains an opportunistic foothold in the Athabasca Basin. The project is an excellent addition to our pipeline of exploration properties for future development in a premier uranium district. We are also pleased to welcome Darcy Hirsekorn and his two decades of Athabasca Basin exploration experience to the Company’s geological team.”

Acquisition Details
UEC has now acquired the Diabase Project from Nuinsco for US$ 500,000 in aggregate consideration consisting of approximately: (i) US$ 240,000 in cash paid to Nuinsco and (ii) the issuance of 139,418 common shares to Nuinsco and 25,349 common shares to the original Project property owner.

Diabase Project Overview
The Diabase Project is a large exploration project 75 km west of Cameco’s Key Lake mill on the southern rim of Saskatchewan’s Athabasca Basin uranium district. The Project covers 21,949 hectares in ten claim blocks. Project work completed to date includes 67 diamond drill holes, regional electromagnetic, magnetic and gravity geophysical surveys, and surficial geochemistry. The Project covers a significant portion of the Cable Bay fault, a highly prospective regional-scale shear corridor.

About Darcy Hirsekorn, P.Geo.
Darcy is a seasoned professional geoscientist with over 20 years of experience in the exploration field working with Cameco Corporation. Darcy held increasingly senior roles with the company culminating in the position of District Geologist in 2016. He was part of an exploration group that outlined over 200 million pounds of uranium resources including involvement with the Millennium, Fox Lake, Eagle Point, and Tamarack deposits. Darcy brings a strong technical toolkit in all stages and aspects of exploration in diverse environments and geological settings. He is active in the mining and exploration industry, having sat on the board of the Nunavut/NWT Chamber of Mines, the executive of the local Canadian Institute of Mining Geological Section, and is currently a member of the Environment and Sustainability Committee for the Saskatchewan Association of Professional Engineers and Geoscientists of Saskatchewan. He earned his Bachelor’s degree in Geology from the University of Saskatchewan.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was approved by Darcy Hirsekorn, P.Geo., District Geologist for the Company, a Qualified Person under NI 43-101.

About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and exploration company. The Company’s fully-licensed Hobson Processing Facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project. In Wyoming, UEC controls the permitted Reno Creek ISR project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay, and a large, high-grade titanium project in Paraguay. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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