Announcement • May 06
Uranium Energy Corp., Annual General Meeting, Jul 23, 2026 Uranium Energy Corp., Annual General Meeting, Jul 23, 2026. Announcement • Apr 10
Uranium Energy Corp Commences Production At Burke Hollow Uranium Energy Corp. announced it has received approval from the Texas Commission on Environmental Quality and commenced production at its Burke Hollow project, the world's newest in-situ recovery uranium mine and the first new U.S. ISR operation in over a decade. Combined with recent capacity expansion approvals at Christensen Ranch in Wyoming, Uranium Energy Corp. continues to scale its U.S. production base and is the only U.S. uranium company with two active producing ISR hub-and-spoke platforms. Burke Hollow is the largest ISR uranium discovery in the United States in the past decade, with only about half of the approximately 20,000-acre property explored to date, providing significant long-term development potential. The project hosts multiple mineralized trends and horizons, supporting a phased approach to future resource expansion, and additional wellfield development. Production from Burke Hollow will be processed at the Hobson Central Processing Plant, which is licensed to produce up to 4 million pounds of uranium per year. After over a decade of exploration, permitting and development, the Texas Commission on Environmental Quality approval reflects the strength of Uranium Energy Corp.'s technical and operational execution. With Burke Hollow now in production, the South Texas team is focused on safely ramping operations and constructing additional wellfields across the project. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. Independent Director Trecia Canty was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 23
Uranium Energy Corp.'s Subsidiary United States Uranium Refining & Conversion Corp Receives Docket Number from the U.S. Nuclear Regulatory Commission for Its Planned Uranium Conversion Facility On March 18, 2026, United States Uranium Refining & Conversion Corp. ("UR&C"), a wholly- owned subsidiary of Uranium Energy Corp, received a Docket Number from the U.S. Nuclear Regulatory Commission ("NRC") for its planned uranium conversion facility. This follows the Company's previously submitted Letter of Intent ("LOI") to pursue a license under 10 CFR Part 40. The next step in the licensing process is the initial Pre-Application Engagement with the NRC. The formal license application is expected to be submitted once engineering and design activities, currently underway with Fluor, are complete and a site has been selected. The siting process has identified several viable locations in various states that are under consideration. Multiple factors, including local incentives, workforce, utilities, highway, rail and port logistics and industry synergies, are evaluated in determining a preferred home for America's newest uranium hexafluoride conversion facility. This step represents a significant milestone for UEC on its path to becoming the only American vertically integrated nuclear fuel supplier, from mining to conversion, and supports the resiliency of the U.S. nuclear fuel supply chain. The LOI outlines the Company's plan to develop a state-of-the-art American uranium refining and conversion facility, building on nearly two years of pre-feasibility and planning. UR&C seeks to play a critical role in mitigating national security risks stemming from U.S. overreliance on foreign uranium imports. It also aligns with American energy dominance objectives, while aiming to supply an increasingly constrained conversion market. New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Breakeven Date Change • Mar 10
Forecast breakeven date pushed back to 2028 The 7 analysts covering Uranium Energy previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$200.0m in 2028. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Announcement • Mar 03
Uranium Energy Corp. to Report Q2, 2026 Results on Mar 10, 2026 Uranium Energy Corp. announced that they will report Q2, 2026 results Pre-Market on Mar 10, 2026 Buy Or Sell Opportunity • Mar 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to US$15.66. The fair value is estimated to be US$12.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 36% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 57% in a year. Earnings are forecast to grow by 64% in the next year. Buy Or Sell Opportunity • Feb 06
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to US$16.12. The fair value is estimated to be US$12.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 36% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 57% in a year. Earnings are forecast to grow by 64% in the next year. Price Target Changed • Jan 26
Price target increased by 8.5% to US$18.17 Up from US$16.75, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$18.35. Stock is up 160% over the past year. The company is forecast to post a net loss per share of US$0.092 next year compared to a net loss per share of US$0.20 last year. Buy Or Sell Opportunity • Jan 12
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to US$15.95. The fair value is estimated to be US$12.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 36% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 54% in a year. Earnings are forecast to grow by 63% in the next year. Breakeven Date Change • Dec 12
Forecast breakeven date moved forward to 2027 The 6 analysts covering Uranium Energy previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 52% to 2026. The company is expected to make a profit of US$10.9m in 2027. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Reported Earnings • Dec 11
First quarter 2026 earnings released: US$0.022 loss per share (vs US$0.049 loss in 1Q 2025) First quarter 2026 results: US$0.022 loss per share (improved from US$0.049 loss in 1Q 2025). Net loss: US$10.3m (loss narrowed 49% from 1Q 2025). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 171 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Dec 10 The 6 analysts covering Uranium Energy previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 85% per year to 2027. The company is expected to make a profit of US$150.2m in 2028. Average annual earnings growth of 95% is required to achieve expected profit on schedule.
Announcement • Dec 03
Uranium Energy Corp. to Report Q1, 2026 Results on Dec 10, 2025 Uranium Energy Corp. announced that they will report Q1, 2026 results Pre-Market on Dec 10, 2025 Announcement • Nov 09
Uranium Energy Corp. Announces the U.S. Government Decision to Add Uranium in the U.S. Geological Survey's Final 2025 Critical Minerals List Uranium Energy Corp. applauds the U.S. Government decision to add uranium in the U.S. Geological Survey's Final 2025 Critical Minerals List, as published in the Federal Register, recognizing its essential role in America's energy and national security. The Energy Act of 2020 allows the Secretary of the Interior to designate a mineral as critical when another federal agency, such as the Department of Energy or another relevant agency, determines it is strategic and critical to U.S. defense or national security. The Department of Energy recommended uranium's inclusion, citing its importance in energy production and defense applications, and the Department of Defense also emphasized its national security significance. The Federal Register Notice states: "Critical minerals are essential for national security, economic stability, and supply chain resilience because they underpin key industries, drive technological innovation, and support critical infrastructure vital for a modern American economy. The United States is heavily reliant on imports of certain mineral commodities from foreign sources, some of which are at risk of serious, sustained, and long-term supply chain disruptions. The United States' dependence on imports and the vulnerability of supply chains raise the potential for risks to national security, defense readiness, price stability, and economic prosperity and resilience. The Nation possesses vast mineral resources that can create jobs, fuel prosperity, and significantly reduce reliance on foreign nations, and the United States is taking actions to facilitate domestic mineral production. The List of Critical Minerals guides strategies to secure the Nation's mineral supply chains". Buy Or Sell Opportunity • Oct 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 105% to US$16.74. The fair value is estimated to be US$13.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 155% in 2 years. Earnings are forecast to grow by 97% in the next 2 years. New Risk • Oct 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Oct 03
Uranium Energy Corp. has filed a Follow-on Equity Offering. Uranium Energy Corp. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,500,000 Reported Earnings • Sep 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: US$0.20 loss per share (further deteriorated from US$0.074 loss in FY 2024). Revenue: US$66.8m (up US$66.6m from FY 2024). Net loss: US$87.7m (loss widened 200% from FY 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 174 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 25
Price target increased by 9.6% to US$12.00 Up from US$10.94, the current price target is an average from 9 analysts. New target price is 12% below last closing price of US$13.68. Stock is up 113% over the past year. New Risk • Sep 24
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$9.3m net loss in 2 years). Announcement • Sep 17
Uranium Energy Corp. to Report Fiscal Year 2025 Results on Sep 24, 2025 Uranium Energy Corp. announced that they will report fiscal year 2025 results Pre-Market on Sep 24, 2025 Price Target Changed • Aug 15
Price target increased by 9.7% to US$10.83 Up from US$9.88, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$10.73. Stock is up 121% over the past year. The company is forecast to post a net loss per share of US$0.18 next year compared to a net loss per share of US$0.074 last year. Announcement • Aug 08
Uranium Energy Corp Sweetwater Project Designated by U.S. Government for Fast-Track Permitting to Add In-Situ Recovery Capability, Creating the Largest Dual-Feed Uranium Facility in the U.S Uranium Energy Corp. announced that its Sweetwater Uranium Complex has been designated as a transparency project by the U.S. Federal Permitting Improvement Steering Council (the "Steering Council") as part of the implementation of President Trump's March 20, 2025 Executive Order on Immediate Measures to Increase American Mineral Production. The Executive Order directed federal agencies to fast-track permitting for certain infrastructure and critical mineral projects selected by the Steering Council. As a result, Sweetwater has been selected for fast-tracking and added to the FAST-41 transparency dashboard. The addition of projects like Sweetwater supports America's mineral production goals by creating a more efficient and transparent federal permitting process for projects with the potential to supply minerals critical to the nation. UEC's primary objective of this permitting initiative is to enable In-Situ Recovery ("ISR") mining methods, a lower-impact approach to uranium extraction, within the existing mine permit boundary and to expand the mine boundary to include adjacent ISR-amenable deposits located on federally managed lands overseen by the Bureau of Land Management (the "BLM"). The BLM, under the Department of the Interior, is the lead agency for federal permitting. Recent Insider Transactions Derivative • Aug 03
President exercised options and sold US$2.6m worth of stock On the 31st of July, Amir Adnani exercised options to acquire 292k shares at no cost and sold these for an average price of US$8.90 per share. This trade did not impact their existing holding. For the year to July 2019, Amir's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Amir has owned 5.23m shares directly. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$52m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jul 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$76m Forecast net loss in 1 year: US$52m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Announcement • Jun 09
Uranium Energy Corp., Annual General Meeting, Jul 17, 2025 Uranium Energy Corp., Annual General Meeting, Jul 17, 2025. Location: suite 1500 1055 west georgia street, vancouver v6e4n7, british columbia Canada New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$46m net loss next year). Major Estimate Revision • Mar 19
Consensus revenue estimates fall by 29% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$128.3m to US$91.6m. Forecast loss of -US$0.14, down from profit of US$0.02 per share profit previously. Oil and Gas industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$10.64. Share price rose 7.4% to US$5.51 over the past week. Reported Earnings • Mar 12
Second quarter 2025 earnings released: US$0.024 loss per share (vs US$0.006 profit in 2Q 2024) Second quarter 2025 results: US$0.024 loss per share (down from US$0.006 profit in 2Q 2024). Revenue: US$49.8m (up US$49.6m from 2Q 2024). Net loss: US$10.2m (down US$12.5m from profit in 2Q 2024). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Dec 21
Uranium Energy Corp. has filed a Follow-on Equity Offering in the amount of $300 million. Uranium Energy Corp. has filed a Follow-on Equity Offering in the amount of $300 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Major Estimate Revision • Dec 12
Consensus revenue estimates increase by 18% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$115.1m to US$135.4m. Now expected to report a profit of US$0.02 instead of losses of -US$0.07 per share. Oil and Gas industry in the US expected to see average net income growth of 6.3% next year. Consensus price target broadly unchanged at US$11.00. Share price fell 4.6% to US$8.18 over the past week. Announcement • Dec 07
Uranium Energy Corp. (NYSEAM:UEC) completed the acquisition of Kennecott Uranium Company and Wyoming Coal Resources Company from Rio Tinto America Inc. Uranium Energy Corp. (NYSEAM:UEC) has entered into an agreement to Kennecott Uranium Company and Wyoming Coal Resources Company from Rio Tinto America Inc. for approximately $180 million on September 20, 2024. A cash consideration of $175 million will be paid by Uranium Energy Corp. The transaction includes the assets of uranium project located 22 miles north of the Sweetwater Plant and Sweetwater Plant. The Completion of the Transaction is subject to customary conditions and the transaction is expected to close in the first quarter of fiscal year 2025. The Transaction, the Company will arrange to replace approximately $25 million in surety bonds securing future reclamation costs relating to the acquired assets. On completion of the Transaction, the Company will arrange to replace approximately $25 million in surety bonds securing future reclamation costs relating to the acquired assets.
Goldman Sachs & Co. LLC acted as financial advisor for Uranium Energy Corp. Rothschild & Co US Inc. acted as financial advisor for Uranium Energy Corp. Karol Kahalley, Susan Oakes, David Glynn, Ann Prouty, William Caile, and Benjamin Gibbons of Holland & Hart LLP acted as legal advisor for Uranium Energy Corp. McMillan LLP acted as legal advisor for Uranium Energy Corp. Megan Ridley-Kaye, Peter Cohen-Millstein, Scott Reisch, Amy Roma, Tom Boer, and Nicola Lemay of Hogan Lovells US LLP acted as legal advisor for Rio Tinto America Inc. Rothschild & Co Canada Inc acted as a financial advisor to Uranium Energy.
Uranium Energy Corp. (NYSEAM:UEC) completed the acquisition of Kennecott Uranium Company and Wyoming Coal Resources Company from Rio Tinto America Inc. on December 6, 2024. Reported Earnings • Dec 05
Full year 2024 earnings released: US$0.074 loss per share (vs US$0.009 loss in FY 2023) Full year 2024 results: US$0.074 loss per share (further deteriorated from US$0.009 loss in FY 2023). Net loss: US$29.2m (loss widened US$25.9m from FY 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Dec 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 101% to US$8.57. The fair value is estimated to be US$7.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 68,352% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Buy Or Sell Opportunity • Nov 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 71% to US$8.60. The fair value is estimated to be US$7.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 68,352% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Board Change • Nov 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Independent Director Gloria L. Moya was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 07
Uranium Energy Corp. Announces Executive Changes Uranium Energy Corp. announced that effective October 1, 2024, Pat Obara stepped down as Secretary and Treasurer of the Company, which allowed the Board of Directors of the Company to appoint Josephine Man as the Secretary and Treasurer of the Company. In addition, at the same time the Board appointed Mr. Obara as the Senior Vice-President, Administration of the Company. Josephine Man (age 50) has served as Chief Financial Officer of Uranium Royalty Corp., a public company listed on the TSX and NASDAQ since August 2018. Previously, from July 2020 to December 2022, she was Chief Financial Officer of Gold Royalty Corp., a precious metals-focused royalty and streaming company, where she was central to its initial public offering and the acquisition of three Canadian listed companies, amongst other achievements. Ms. Man has over 28 years of experience as a finance professional and was previously a partner with Ernst & Young LLP. Ms. Man holds a Bachelor of Business Administration from Simon Fraser University and a Master of Business Administration from the University of British Columbia. Pat Obara (age 68) has served as the Chief Financial Officer, Secretary and Treasurer of the Company from October 2015 to October 1, 2024, served as the Chief Financial Officer of the Company from August 2006 to January 2011, served as the Vice-President Administration of the Company from January 2011 to October 2015, and now serves as the Senior Vice-President, Administration. Mr. Obara currently serves as the Chief Financial Officer and Secretary of GoldMining Inc., a public company listed on the TSX and NYSE American, and served as a director of GoldMining Inc. from September 2009 to May 2018. Mr. Obara holds a degree in Building Technology, Land and Construction Economics from the British Columbia Institute of Technology. Announcement • Sep 25
Uranium Energy Corp. (NYSEAM:UEC) agreed to acquire Assets of Rio Tinto America Inc for approximately $180 million. Uranium Energy Corp. (NYSEAM:UEC) agreed to acquire Assets of Rio Tinto America Inc. for approximately $180 million on September 23, 2024. A cash consideration of $175 million will be paid by Uranium Energy Corp. The transaction includes the assets of uranium project located 22 miles north of the Sweetwater Plant and Sweetwater Plant. The Completion of the Transaction is subject to customary conditions and the transaction is expected to close in the fourth quarter of the calendar year 2024. The Transaction, the Company will arrange to replace approximately $25 million in surety bonds securing future reclamation costs relating to the acquired assets. Goldman Sachs & Co. LLC acted as financial advisor for Uranium Energy Corp. Rothschild & Co US Inc. acted as financial advisor for Uranium Energy Corp. Holland & Hart LLP acted as legal advisor for Uranium Energy Corp. McMillan LLP acted as legal advisor for Uranium Energy Corp. Announcement • Sep 23
Uranium Energy Corp. announced that it has received $0.10395 million in funding On September 23, 2024, Uranium Energy Corp. closed the transaction. The transaction included participation from a single investor. Announcement • Sep 12
Uranium Energy Corp Intersects 11.4% Eu3o8 over 2.4 Metres At Roughrider North Discovery, 850 Meters Northeast of the Roughrider Deposit Uranium Energy Corp. reported results from the ongoing drill campaign at its Roughrider Project (the "Project"), located in Northern Saskatchewan, Canada. Drilling 850 metres northeast of the Roughrider Project Deposit has intersected additional high-grade uranium mineralization: Drill hole RR-961 grades 11.4% eU3O8 over 2.4 metres with a high-grade sub interval that is 24.9% e U3O8 over 1.0 metres. RR-961 followed-up RR-940 that was reported on August 20, 2024 and graded 12.7% eU3O8 across 7.2 metres(1). RR-961 is 15 metres along strike to the east of RR-940. An additional 20 drill holes remain in the drill program and further results will be forthcoming as the program progresses. UEC's ongoing drill program on the Project continues to explore along the north trend. To date uranium mineralization at Roughrider North has been encountered along 200 metres of strike length, with the high-grade core of the area now measuring 55 metres of strike with this most recent intersection. The high-grade uranium mineralization at RoughriderNorth remains open to the east and west. The Roughrider North discovery has been identified along an exploration trend that is parallel to the Roughrider Project. The uranium mineralization thus far at the Roughrider North Discovery is entirely in the basement about 250 metres below the surface. This is a measuring method commonly used by uranium explorers and miners in the Athabasca Basin. The probe records the amount of radioactivity present in the rock adjacent to the probe as it moves up and down the hole. The standard and shielded probes were calibrated prior to the commencement of the current drill program at the Saskatchewan Research Council's ("SRC") test pit facility in Saskatoon, Saskatchewan, and the Hi-Flux probes are calibrated at Alpha Nuclear in Saskatoon. Using down-hole probes to calculate radiometric equivalent grades is a common practice used by uranium mining companies in the Athabasca Basin; Down-hole probes can accurately measure uranium concentration by measuring the light flashes that occur every time the probe's scintillator is struck by a gamma radiation particle emitted from uranium crystals. These two production platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major licenses and permits in place. Additionally, the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of North American warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects. The Company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining. Announcement • Aug 20
Uranium Energy Corp Intersects 12.7% Eu3o8 over 7.2 Metres, 850 M Northeast of Roughrider Deposit Uranium Energy Corp. reported drill results from its Roughrider Project located in Northern Saskatchewan, Canada. Drilling 850 m northeast of the Roughrider Deposit has intersected the best hole to date outside of the resource area on a parallel trend to Roughrider. Exploration Drilling: UEC's ongoing drill program has intersected basement-hosted uranium mineralization in drill hole RR-940 that grades 6.96% eU3O8 over 13.5 m with a higher-grade sub-interval that grades 12.7% eU3O8 Over 7.2 metres. UEC will continue drilling in this area to evaluate the potential for additional resources. Regional drilling benefits from new ANT survey technology: In April of this year, UEC conducted an Ambient Noise Tomography ("ANT") survey. This new exploration technology is being applied to Roughrider for the first time and has identified new targets along existing exploration corridors. Roughrider next steps: UEC has a three-prong approach to advancing Roughrider, continue growing the project's resources with an additional 25 holes this summer to further investigate the Roughrider north exploration corridor, advance the Initial Assessment ("IA") Technical Report Summary ("TRS") that is based on the existing project resources, this work is substantially complete and is anticipated in the coming months, EA baseline studies, along with community engagement to advance licensing and permitting. Announcement • Aug 14
Uranium Energy Corp Announces Restart of ISR Uranium Production in Wyoming Uranium Energy Corp. announced the successful startup of uranium production at its past-producing Christensen Ranch In-Situ Recovery ("ISR") operations in Wyoming. Production commenced in the previously operated Mine Unit 10 at Christensen Ranch on August 6th. To date, uranium concentrations in the initial production patterns are meeting expectations and are anticipated to rise in the coming weeks. All planned startup milestones, including the hiring and training of the initial restart workforce for both the Irigaray Central Processing Plant ("CPP") and Christensen Ranch, have been achieved to ensure a successful ramp-up of uranium production. Approximately 40% of the total workforce is from Johnson County, with other employees originating from Campbell, Converse, Carbon, Laramie and Natrona Counties in Wyoming. The first shipment of yellowcake is anticipated to occur in November or December 2024. This coincides with the Company's fiscal second quarter ending January 31, 2025. Uranium recovered from Christensen Ranch will be processed at the Irigaray CPP, located approximately 15 miles northwest of Christensen Ranch. Irigaray has a current licensed capacity of 2.5 million pounds U3O8 per year, with a license amendment currently under regulatory review that is expected to increase capacity to 4.0 million pounds annually. The Irigaray CPP is the hub, central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch. Announcement • Aug 10
Uranium Energy Corp. Announces CFO Changes, Effective October 1, 2024 Uranium Energy Corp. announced that Josephine Man has joined the Company and will be succeeding Pat Obara as Chief Financial Officer, effective October 1, 2024. Mr. Obara, who joined the Company in 2006, will be stepping down from his current role as Chief Financial Officer on October 1, 2024 after the filing of the Company's Annual Report on Form 10-K for the current fiscal year and will continue with the Company as Senior Vice-President, Administration. Ms. Man brings a wealth of experience in financial reporting, corporate finance, mergers and acquisitions, and risk management. Ms. Man serves as CFO of Uranium Royalty Corp., where she is responsible for leading all finance functions and risk management. Previously, between 2020 and 2022, she was CFO of Gold Royalty Corp., where she was central to its initial public offering and the acquisition of three Canadian listed companies, amongst other achievements. Ms. Man has over 28 years of experience as a finance professional and was previously a partner with Ernst & Young LLP. Announcement • Aug 09
Uranium Energy Corp. Announces Executive Changes, effective October 1, 2024 Uranium Energy Corp. announced that Josephine Man has joined the Company and will be succeeding Pat Obara as Treasurer, effective October 1, 2024. Ms. Man brings a wealth of experience in financial reporting, corporate finance, mergers and acquisitions, and risk management. Ms. Man serves as CFO of Uranium Royalty Corp., where she is responsible for leading all finance functions and risk management. Previously, between 2020 and 2022, she was CFO of Gold Royalty Corp., a precious metals-focused royalty and streaming company, where she was central to its initial public offering and the acquisition of three Canadian listed companies, amongst other achievements. Ms. Man has over 28 years of experience as a finance professional and was previously a partner with Ernst & Young LLP. Recent Insider Transactions Derivative • Aug 04
Secretary exercised options and sold US$439k worth of stock On the 31st of July, Patrick Obara exercised options to acquire 75k shares at no cost and sold these for an average price of US$5.85 per share. This trade did not impact their existing holding. Since December 2023, Patrick has owned 788.00k shares directly. Company insiders have collectively sold US$7.9m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Aug 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to US$4.67. The fair value is estimated to be US$5.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 01
Now 4.2% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to US$5.76. The fair value is estimated to be US$6.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 20
Now 21% overvalued Over the last 90 days, the stock has fallen 9.0% to US$6.36. The fair value is estimated to be US$5.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jun 11
Third quarter 2024 earnings released: US$0.049 loss per share (vs US$0.029 loss in 3Q 2023) Third quarter 2024 results: US$0.049 loss per share (further deteriorated from US$0.029 loss in 3Q 2023). Net loss: US$19.7m (loss widened 80% from 3Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • May 26
President exercised options and sold US$3.7m worth of stock On the 21st of May, Amir Adnani exercised 1.55m options at around US$0.91, then sold 570k of the shares acquired at an average of US$7.41 per share and kept the remainder. For the year to July 2017, Amir's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Amir's direct individual holding has increased from 3.64m shares to 3.92m. Company insiders have collectively sold US$8.3m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Apr 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Independent Director Gloria L. Moya was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 26
Uranium Energy Corp. Announces the Appointment of Brent Berg as Senior Vice-President, U.S. Operations Uranium Energy Corp. announce the appointment of Brent Berg as its Senior Vice-President, U.S. Operations. Brent Berg is a highly qualified mining and mineral processing professional with over 27 years of experience in the minerals industry, including more than 21 years in uranium production in the United States and Canada. Mr. Berg is the former President of Cameco Resources, where he led Cameco's U.S. uranium In-Situ Recovery ('ISR') operations in Wyoming and Nebraska. This experience included management and oversight of Cameco's in-situ recovery facilities and the successful start-up and operation of the North Butte satellite ISR operation in Wyoming. Under his management, U.S. production reached over 2.6 million lbs. prior to Cameco curtailing production due to market conditions. Mr. Berg also has extensive open pit and underground mining experience, including Cameco's Key Lake, McArthur River and Rabbit Lake operations. Most recently, Mr. Berg was the President and CEO of Rare Element Resources Ltd., where he was responsible for overall day-to-day management and operation of that company, including its strategic, financial and operational leadership. Mr. Berg is a Professional Engineer with a B.A.Sc. in Regional Environmental Systems Engineering from the University of Regina and an MBA from the University of Regina. In 2023, Mr. Berg completed a Master of Legal Studies, Magna Cum Laude, from the University of Arizona, with a focus on mining law and policy. Announcement • Mar 01
Uranium Energy Corp. announced that it has received $0.007692 million in funding On March 1, 2024, Uranium Energy Corp. closed the transaction. The transaction included participation from a single investor Announcement • Jan 31
Uranium Energy Corp Intersects 6.28% Eu3o8 over 2.9 Metres in 25 Metre Step Out from the Roughrider East Zone Deposit Uranium Energy Corp. reported drill results from its Roughrider Project located in Northern Saskatchewan, Canada. Both exploration and metallurgical sample drilling have been successful at intersecting uranium mineralization.The Athabasca Basin is a world-class uranium district in the northern portion of the provinces of Saskatchewan and Alberta in Canada, occupying an area of about 100,000 square kilometres. The unique geology of the Athabasca Basin often results in deposit grades that exceed the world average of uranium deposits of 0.2% U3O8 by up to 100 times. All of Canada's current uranium production occurs from the mines located in the Athabasca Basin. According to the World Nuclear Association, the Athabasca Basin was responsible for producing 15% of the world's uranium production in 2022. Uranium mineralization in the Athabasca Basin occurs in fault structures that penetrate the interface between the sandstone and underlying basement rocks. Uranium can be found at the interface, known as the unconformity, or up to several hundreds of metres below the unconformity surface in the underlying basement rock and fault structures. The uranium concentrations in the holes presented above from the radiometric equivalent uranium grade ("REG"), denoted as eU3O8, were determined in-situ within the drill hole. The eU3O8 grades were estimated in-situ within the drill holes using calibrated down-hole radiometric gamma probes lowered down into the hole. This is a measuring method commonly used by uranium explorers and miners in the Athabasca Basin. The probe records the amount of radioactivity present in the rock adjacent to the probe as it moves up and down the hole. The standard and shielded probes were calibrated prior to the commencement of the current drill program at the Saskatchewan Research Council's ("SRC") test pit facility in Saskatoon, Saskatchewan, and the Hi-Flux probes are calibrated at Alpha Nuclear in Saskatoon. Using down-hole probes to calculate radiometric equivalent grades is a common practice used by uranium mining companies in the Athabasca Basin. Down-hole probes can accurately measure uranium concentration by measuring the light flashes that occur every time the probe's scintillator is struck by a gamma radiation particle emitted from uranium crystals. The number of light flashes are 'counted' by a photomultiplier tube. Due to a process called 'saturation' that occurs when light emitted by the probe's scintillator overwhelms the photomultiplier tube's ability to 'count' individual light flashes, it can sometimes be difficult to accurately determine radiometric equivalent grades in high-grade intervals. Samples from all holes have been collected for assay analysis to confirm these equivalent grades. The samples will be analyzed at SRC's Geoanalytical The Roughrider Project is a uranium project located in the eastern Athabasca Basin of northern Saskatchewan, Canada; one of the world's premier uranium mining jurisdictions. The project is located approximately 13 kilometres west of Orano's McClean Lake Mill, near UEC's existing Athabasca Basin properties. The depth to mineralization at the project is approximately 200 m and hosted primarily in the basement rocks below the unconformity. The technical information in this news release has been reviewed and approved by Chris Hamel, P.Geo., UEC's Vice President Exploration, Canada, who is a Qualified Person for the purposes of SEC Regulation S-K 1300. Price Target Changed • Jan 15
Price target increased by 20% to US$8.39 Up from US$6.99, the current price target is an average from 6 analysts. New target price is 8.0% above last closing price of US$7.77. Stock is up 97% over the past year. The company is forecast to post earnings per share of US$0.03 next year compared to a net loss per share of US$0.0091 last year. Buying Opportunity • Dec 13
Now 22% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be US$8.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 44% in a year. Earnings is forecast to grow by 146% in the next year. Reported Earnings • Dec 13
First quarter 2024 earnings released: EPS: US$0.009 (vs US$0.011 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.009 (up from US$0.011 loss in 1Q 2023). Revenue: US$108.0k (down 100% from 1Q 2023). Net income: US$3.32m (up US$7.08m from 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 19
Secretary recently sold US$258k worth of stock On the 16th of November, Patrick Obara sold around 43k shares on-market at roughly US$6.05 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Nov 18
Secretary exercised options and sold US$512k worth of stock On the 16th of November, Patrick Obara exercised 150.00k options at around US$0.94, then sold 100k of the shares acquired at an average of US$6.07 per share and kept the remainder. Since June 2023, Patrick's direct individual holding has increased from 664.28k shares to 737.76k. Company insiders have collectively sold US$1.3m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Nov 14
Uranium Energy Corp Reports S-K 1300 Initial Assessment and Economic Study for the Alto Parana Titanium Project Uranium Energy Corp. announced that it has filed an Initial Assessment Technical Report Summary ("TRS") in accordance with Item 1302 of Regulation S-K (S-K 1300) on EDGAR disclosing Mineral Resources and an economic assessment for the company's 100% owned Alto Parana Titanium Project located in Paraguay (the Project or the Alto Parana Project). Key Highlights: Alto Paraná Titanium Project is a world-class project with a combined Regional Resource of 3.6 billion tonnes, grading at 7.3% TiO2; The TRS and economic assessment considered two scenarios using Inferred and Indicated Resources: NPV8 of $419 million and a 21% post-tax IRR, utilizing less than 0.2% of the Regional Resource per annum; and NPV8 of $1.55 billion and a 25% post-tax IRR, utilizing less than 0.7% of the Regional Resource per annum; The TRS and economic assessment was co-authored by TZ Minerals International Pty Ltd. (TZMI), a global, independent consulting and publishing company which specialises in the mineral sands, titanium dioxide and coatings industries; UEC will commence a global strategic review process to determine the best value-enhancing option for Alto Paraná. Buying Opportunity • Oct 25
Now 20% undervalued Over the last 90 days, the stock is up 77%. The fair value is estimated to be US$7.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 125% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 34% in 2 years. Earnings is forecast to decline by 302% in the next 2 years. New Risk • Sep 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$3.3m Forecast net loss in 2 years: US$13m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 55% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$13m net loss in 2 years). Shareholders have been diluted in the past year (9.2% increase in shares outstanding). Announcement • Aug 23
Uranium Energy Corp. (NYSEAM:UEC) acquired Exploration Project Portfolio in Athabasca Basin, Saskatchewan from Rio Tinto Exploration Canada Inc. for CAD 1.5 million. Uranium Energy Corp. (NYSEAM:UEC) acquired Exploration Project Portfolio in Athabasca Basin, Saskatchewan from Rio Tinto Exploration Canada Inc. for CAD 1.5 million on August 22, 2023. The acquisition of Rio Tinto's Athabasca Exploration project portfolio includes 60% of Henday, 100% of Milliken, and 50% of Carswell.
Uranium Energy Corp. (NYSEAM:UEC) completed the acquisition of Exploration Project Portfolio in Athabasca Basin, Saskatchewan from Rio Tinto Exploration Canada Inc. on August 22, 2023. Recent Insider Transactions Derivative • Aug 03
President exercised options and sold US$443k worth of stock On the 31st of July, Amir Adnani exercised options to acquire 139k shares at no cost and sold these for an average price of US$3.18 per share. This trade did not impact their existing holding. For the year to July 2017, Amir's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2022, Amir's direct individual holding has increased from 3.56m shares to 3.80m. Company insiders have collectively sold US$789k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 01
Uranium Energy Corp Completes Initial Phase of Resource Expansion Uranium Energy Corp. announced the completion of the initial phase of development and delineation drilling at its fully permitted Irigaray and Christensen Ranch In-Situ Recovery ("ISR") Projects in Johnson County, Wyoming. The next phase of drilling will also occur within the Christensen Ranch permit boundary as well as prospective areas held by UEC near Christensen Ranch. A total of 51 holes were drilled along known trends in the proposed Mine Unit 15 area of Irigaray and the underexplored areas south of Christensen Ranch Mine Unit 12 within the permit boundary. Historic drilling in both areas was primarily wide-spaced fence patterns; the new drilling has increased the drill density which, in the proposed Irigaray Mine Unit 15 area, is expected to allow for an upgrade of current resources. The drilling program has also identified the oxidation/reduction ("O/R") front which will assist in defining future resource delineation and development. Very encouraging GTs (Grade x Thickness) were intercepted, with the best hole exhibiting a 7.70 GT (21.5' of 0.358%). Over 50% of the new holes drilled along the Irigaray trend are classified as ore holes (>0.3 GT). Post-drilling analysis of all results is in process. Next Drilling Phase. The next phase of UEC's resource expansion campaign will target areas with lateral resources thought to exist within the current Christensen permit boundary in the vicinity of the previously operated Mine Unit 5. Background: UEC's total resources in Wyoming contain the following S-K 1300 compliant resources: Total Measured and Indicated Resources disclosed across the assets are 66,198,200 lbs. in 58,460 thousand tons of ore. Total Inferred Resources disclosed across the assets are 15,053,700 lbs. in 10,859 thousand tons of ore. UEC's new exploration and development efforts benefit from a large and proprietary data base of historic exploration drilling logs and reports containing over 83,000 logs covering over 37 million feet of drilling. This historic drilling was conducted by well-known exploration companies such as Union Carbide, Teton Exploration, Kerr McGee, United Nuclear and others. Recent Insider Transactions Derivative • Jul 26
Independent Director exercised options and sold US$164k worth of stock On the 21st of July, Gloria L. Moya exercised 100.00k options at around US$1.53, then sold 98k of the shares acquired at an average of US$3.21 per share and kept the remainder. Since September 2022, Gloria L. has owned 74.39k shares directly. Company insiders have collectively sold US$2.1m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 13
Uranium Energy Corp Completes Restart Program At the Christensen Ranch ISR Project in Wyoming Uranium Energy Corp. announced the Company's plan to accelerate the steps required for a resumption of operations has been completed, enabling a faster restart at the Christensen Ranch in- situ recovery ("ISR") Project in Wyoming. The first Company project ("Spoke") to feed the Irigaray CPP Hub will be the Christensen Ranch Project. The Company has been working steadily at Christensen Ranch since the beginning of this year to move out of care and maintenance and advance towards resuming production. Preparations for Resumption of Operations: Production readiness activities at Christensen Ranch have included, among others:Electrical testing of variable frequency drives, booster pumps, heaters, wellfield recovery pumps, satellite plant pumps and module buildings (header houses); Testing of programmable logic controllers, electronics, auto-valves and communications software for wellfield and plant operations; Testing of leak detection systems; Reattachment of wellfield piping in module buildings; Conversion of lighting in plants and wellfield module buildings to energy efficient LED; Assessment and repair of lines, piping, Ion Exchange ("IX") columns and valves in the satellite plant; IX resin cleaning and testing; Mechanical integrity testing of all wells to be used in resumption of operations; Trunklines pressurized and leak checked; and Preparation of wellfield patterns for operational testing. The orebody at Christensen Ranch ISR Project is divided into tracts of injection and recovery wells. These tracts of wells are called "Mine Units" for production management. Each Mine Unit is then subdivided into groups of injection and recovery wells that are operated individually; these groups are called "Modules", also known as "header-houses", where each well is connected to a manifold that connects to pipelines that carry the recovery solutions to the satellite IX plant. Each Mine Unit typically contains 600 to 800 injection and recovery wells, depending upon the orebody configuration, with each Module having an average of 90 to 100 injection and recovery wells. This configuration allows great flexibility in operations, allowing operation of all Modules in a Mine Unit, or just one Module, as well as individual wells in each Module, and as many Modules in the various Mine Units as desired. All wells are controlled electronically and can be started and stopped in the Module buildings and at the satellite plant operations control room. UEC has also conducted a series of operational tests in the Mine Units at Christensen Ranch. Two Modules located in Mine Units 8 and 10 have had testing completed to establish operating parameters for each Mine Unit. UEC has operated these Modules by circulating recovered mining solutions to test injection and recovery systems while adding oxygen ("O2") and carbon dioxide ("CO2") to the injection stream at varying rates during the testing. The tests evaluated: Electronic communications between wells and plant (programmable logic controllers, wiring); O2 and CO2 addition rates for optimizing uranium recovery in previously mined areas; Status of leak detection systems at wellheads, Module buildings and trunklines; Well flow rates with a goal to adjust pump sizes to maximize flow and to determine the need for well stimulation processes, if required; and Information on potential requirements for all wellfield Modules for resumption of operations. This work will allow UEC to rapidly resume operations in the existing and partially mined areas of Mine Units 7, 8 and 10. Installation of New Wellfield: The Company announced plans for the completion of well installation at Christensen Ranch in Modules 10-7 and 10-8 that will complete Mine Unit 10. Previous development drilling in Mine Unit 10 was terminated through six Modules (10-6). The drilling and well installation program for Modules 10-7 and 10-8 consists of the completion of 180 recovery and injection wells and is planned to commence in August of this year. Although not required for initial startup, these new wellfield Modules will be installed and available for ramp up to meet production requirements. Major Estimate Revision • Jul 12
Consensus revenue estimates increase by 95%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$69.6m to US$135.4m. Oil and Gas industry in the US expected to see average net income decline 26% next year. Consensus price target of US$6.85 unchanged from last update. Share price fell 6.5% to US$3.17 over the past week. Recent Insider Transactions Derivative • Jul 11
President exercised options and sold US$447k worth of stock On the 6th of July, Amir Adnani exercised 400.00k options at around US$1.53, then sold 240k of the shares acquired at an average of US$3.39 per share and kept the remainder. For the year to July 2016, Amir's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2022, Amir's direct individual holding has increased from 3.56m shares to 3.64m. Company insiders have collectively sold US$2.7m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$3.06, the stock trades at a trailing P/E ratio of 57.6x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 191% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$2.53 per share. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.76, the stock trades at a trailing P/E ratio of 52x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$2.53 per share. Recent Insider Transactions • Mar 26
President recently bought US$214k worth of stock On the 24th of March, Amir Adnani bought around 80k shares on-market at roughly US$2.68 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Amir's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.72, the stock trades at a trailing P/E ratio of 51.2x. Average forward P/E is 7x in the Oil and Gas industry in the US. Total returns to shareholders of 377% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$2.53 per share. Board Change • Mar 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Non-Executive Chairman E. Abraham was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jan 25
Uranium Energy Corp. Files S-K 1300 Technical Summary Report for Horseshoe-Raven Project in Saskatchewan Uranium Energy Corp. announced that it has filed a Technical Report Summary ("TRS") on EDGAR disclosing updated mineral resources for the Company's Horseshoe-Raven Project (the "Project" or "Horseshoe-Raven"). UEC indirectly owns 100% of the Project. UEC's 100%-owned Horseshoe-Raven Project is most advanced Canadian exploration stage project, located only 5 km south of Cameco's Rabbit Lake Mill. The Project has direct access to all-weather roads and power infrastructure. Given the shallow depths to mineralization (between 100 and 450 m depth), uranium grades and lack of sandstone cover, the Horseshoe and Raven Deposits are potentially amenable to combined conventional open pit and underground mine development and should not require costly ground freezing to prevent water incursion or extra radiation protection measures routinely employed at many of Saskatchewan's uranium operations. In 2016 additional metallurgical testing was completed on the Horseshoe and Raven mineralization with the objective of evaluating the potential benefit of heap leach extraction in lieu of toll milling. The testing program was conducted by SGS Lakefield Laboratories and was successful at demonstrating the potential of heap leaching. This historical scoping study was completed on the Horseshoe and Raven Deposits by JDS Mining in December 2016. The results of the study indicate that further investigations into heap leaching as an extraction method for the Horseshoe and Raven mineralization are warranted. The current mineral resource estimate includes the results from 715 diamond drill holes totaling 210,385 m which were drilled from 2005 to 2011. Mineralized wireframes of the Horseshoe and Raven Deposits were prepared at a 0.02% U3O8 mineralized threshold to constrain the mineral resource estimate at each deposit area. The estimate was completed by inverse distance weighting squared algorithm using Datamine Studio RM software and utilized block sizes of 5 x 5 x 2.5 m for parent blocks and 0.25 x 0.25 x 0.25 m subcells. The impact of anomalously high-grade samples were controlled through a process of grade capping for all zones. The mineral resource estimate primarily utilized uranium geochemical analyses from the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, Saskatchewan, obtained through Inductively Coupled Plasma Mass Spectroscopy ("ICP-MS") for all samples with grades lower than 1,000 ppm U and using Inductively Couple Plasma Optical Emission Spectroscopy for samples determined by ICP-MS to contain uranium concentrations higher than 1,000 ppm U. Duplicate and independent check analyses were performed on approximately 5% of the mineralized assay database. Summary capital and operating cost estimates are not included with the TRS since the Company is reporting the results of an initial assessment. The TRS has been prepared and the technical information in this news release respecting the TRS has been reviewed by each of Nathan A. Barsi, P.Geo., UEC's District Geologist, Roger M. Lemaitre, P.Eng., P.Geo., and Christopher J. Hamel P.Geo., Vice President Exploration, Canada, for the Company, all Qualified Persons under Item 1302 of S-K 1300. Announcement • Jan 24
Uranium Energy Corp Intersects 23.2% eU3O8 over 3.4 M, Extending the New Sakura Zone at Christie Lake Project in Eastern Athabasca Basin, Canada Uranium Energy Corp. announced new uranium mineralization in drill hole CB-178-1 that grades 5.42% eU3O8 over 15.6 metres, including a subinterval that grades 23.2% eU3O8 over 3.4 metres. This result expands the footprint of high-grade uranium mineralization at the Christie Lake Project that was initially announced last year. Vertical depth to the unconformity-hosted mineralization at Christie Lake is between 400 and 420 metres from surface. This is shallower by about 100 m than McArthur River and at approximately the same depth as Cigar Lake. The McArthur River and Cigar Lake Deposits are the archetypical high-grade Athabasca super-deposits with combined reserves and past production of 985.7 million lb. uranium. Announcement • Jan 13
Uranium Energy Corp. Files S-K 1300 Technical Summary Report for Shea Creek Project in Saskatchewan Uranium Energy Corp. announced that it has filed a Technical Report Summary (‘TRS’) on EDGAR disclosing updated mineral resources for the Company's Shea Creek Project (the ‘Project’ or ‘Shea Creek’). UEC indirectly owns 49.0975% of the Project and Orano Canada Resources (‘Orano’) owns the remainder and is the Project operator. Background: As a U.S. domestic and domiciled company, UEC is now reporting all mineral resources in accordance with Item 1302 of Regulation S-K (‘S-K 1300’); S-K 1300 was adopted by the Securities and Exchange Commission (the ‘SEC’) to modernize mineral property disclosure requirements for mining registrants and to align U.S. disclosure requirements more closely for mineral properties with current industry and global regulatory standards; and The mineral resource estimate set in this TRS for the Shea Creek Project have not previously been reported under the S-K 1300 format. About Shea Creek: The Shea Creek Project is located in the Western Athabasca Basin, approximately 15 km south of Orano's past-producing Cluff Lake mine and 50 km north of NexGen's Arrow and Fission Uranium's Triple R deposits. The Shea Creek deposits were the first new discoveries in the rapidly developing Western Athabasca uranium district. Shea Creek is a joint venture between UEX (49.0975%) and Orano (50.9025%). Uranium mineralization at Shea Creek is located at just above, and extends well below, the unconformity between Athabasca Group Sandstone and the underlying older basement rocks, which occurs at depths between 700 and 800 m. Four unconformity-related deposits have been discovered to date on the Shea Creek Project: Kianna, Anne, Colette and 58B; and all four deposits remain open for expansion. These deposits occur along a three km stretch of the greater than 30 km long Saskatoon Lake Conductor Trend. Uranium occurs as unconformity- style uranium mineralization with basement ore shoots that can extend more than 200 m below the unconformity surface and up to 100 m above the unconformity. UEC believes there is a very high potential to expand uranium resources in the basement rocks within the existing footprint of Shea Creek. The discovery potential along the remaining 26 km of the Saskatoon Lake Conductor Trend is also considered to be very good given the sparse drilling along the trend. One of the best results along the trend is located only two km south of the Anne deposit, where drillhole SHE-002 intersected 0.34% U3O8 /0.4 m. Limited follow-up drilling in the SHE-002 area in 2015 encountered a wide zone of indicative hydrothermal clay alteration and anomalous uranium that has been observed proximal to the Shea Creek deposit. Resource Disclosure: The Shea Creek mineral resource estimate for the four deposits were determined using a cut-off grade of 0.30% U3O8. A total of 2,056,000 tonnes containing 67.57 million pounds of U3O8 at an average grade of 1.491% U3O8 have been estimated in the indicated mineral resource category. A total of 1,254,000 tonnes containing 28.06 million pounds of U3O8 at an average grade of 1.015% U3O8 have been estimated in the inferred mineral resource category. The current mineral resource estimate includes the results from 477 diamond drill holes totaling 402,800 m which were drilled from 1992 to 2012. On average, indicated resource blocks were located within eight m of a drill hole and inferred blocks within 16 m. Mineralized wireframes of the Colette, 58B, Kianna and Anne zones bound perched, unconformity, and basement mineralization was prepared at a 0.05% U3O8 mineralized threshold to constrain the mineral resource estimate at each deposit area. The estimate was completed by ordinary kriging using Gemcom software with block sizes of five by five by five m. The impact of anomalously high-grade samples was controlled through a process of grade capping and as well as interpolation distance restrictions for some zones. The mineral resource estimate primarily utilized uranium geochemical analyses from the Saskatchewan Research Council Geoanalytical Laboratories, in Saskatoon, Saskatchewan, obtained through Inductively Coupled Plasma Mass Spectroscopy (‘ICP-MS’) for all samples with grades lower than 1,000 ppm U3O8 and using Inductively Couple Plasma Optical Emission Spectroscopy for samples determined by ICP-MS to contain uranium concentrations higher than 1,000 ppm U3O8. Duplicate and independent check analyses were performed on approximately 5% of the mineralized assay database. In cases where geochemical analyses were not available due to incomplete sampling or core recovery issues, downhole gamma probe data were used to calculate equivalent uranium grades obtained using a DHT27-STD gamma probe which collects continuous readings along the length of the drill hole. Probe results were calibrated using an algorithm calculated from comparison of probe results against geochemical analyses in previous holes in the Shea Creek area. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Non-Executive Chairman E. Abraham was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Oct 15
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from US$25.5m to US$34.7m. EPS estimate fell from -US$0.04 to -US$0.05 per share. Oil and Gas industry in the US expected to see average net income growth of 30% next year. Consensus price target up from US$6.57 to US$6.72. Share price fell 9.8% to US$3.60 over the past week. Recent Insider Transactions Derivative • Aug 25
President exercised options and sold US$198k worth of stock On the 22nd of August, Amir Adnani exercised 165.00k options at around US$1.28, then sold 88k of the shares acquired at an average of US$3.53 per share and kept the remainder. For the year to July 2016, Amir's total compensation was 27% salary and 73% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Amir's direct individual holding has increased from 3.10m shares to 3.48m. Company insiders have collectively sold US$2.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 03
President exercised options and sold US$1.4m worth of stock On the 30th of July, Amir Adnani exercised options to acquire 327k shares at no cost and sold these for an average price of US$4.20 per share. This trade did not impact their existing holding. For the year to July 2016, Amir's total compensation was 27% salary and 73% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Amir's direct individual holding has increased from 3.10m shares to 3.19m. Company insiders have collectively sold US$2.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 20
President exercised options and sold US$243k worth of stock On the 16th of July, Amir Adnani exercised options to acquire 72k shares at no cost and sold these for an average price of US$3.37 per share. This trade did not impact their existing holding. For the year to July 2015, Amir's total compensation was 27% salary and 73% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2021, Amir has owned 3.10m shares directly. Company insiders have collectively sold US$706k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 12
Executive Vice President exercised options to buy US$211k worth of stock. On the 8th of July, Scott Melbye exercised options to buy 65k shares at a strike price of around US$1.28, costing a total of US$83k. This transaction amounted to 11% of their direct individual holding at the time of the trade. Since September 2021, Scott has owned 599.88k shares directly. Company insiders have collectively sold US$1.2m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. Non-Executive Chairman E. Abraham was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Nov 06
Price target increased to US$4.94 Up from US$4.16, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of US$4.58. Stock is up 407% over the past year. The company posted a net loss per share of US$0.07 last year. Recent Insider Transactions • Jul 30
President recently sold US$249k worth of stock On the 28th of July, Amir Adnani sold around 109k shares on-market at roughly US$2.28 per share. This was the largest sale by an insider in the last 3 months. This was Amir's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Jul 29
President exercised options and sold US$314k worth of stock On the 28th of July, Amir Adnani exercised 300.00k options at around US$0.93, then sold 230k of the shares acquired at an average of US$2.29 per share and kept the remainder. For the year to July 2020, Amir's total compensation was 23% salary and 77% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Amir's direct individual holding has increased from 2.73m shares to 2.98m. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Jul 26
Price target increased to US$4.16 Up from US$3.81, the current price target is an average from 2 analysts. New target price is 79% above last closing price of US$2.32. Stock is up 113% over the past year. 
