Uranium Energy Expands Wyoming Hub And Spoke ISR Platform With Additional Resources

CORPUS CHRISTI, TX - Uranium Energy Corp (UEC) has filed a Technical Report Summary (TRS) disclosing updated mineral resources for the Wyoming ISR Hub and Spoke Project. 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 (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. The mineral resource estimates set forth in this TRS for Charlie, Clarkson Hill, Nine Mile and Red Rim have not previously been reported under the S-K 1300 format. The remaining resources were reported in April.

Amir Adnani, President and CEO, said, "UEC's Wyoming Hub and Spoke Platform holds the largest resource base of fully permitted In-Situ Recovery (ISR) projects in the United States.  The resource report is the culmination of multiple acquisitions we've successfully completed since 2017 to fulfill a strategic objective of U.S. uranium leadership. Wyoming is an integral component of the overall strategy as a proven mining-friendly jurisdiction with over 230 million pounds of historic production and containing the largest in-situ recovery amenable uranium deposits in the Western Hemisphere.  UEC's ~66M pounds of measured and indicated resources and the ~15M pounds of inferred resources outlined in the TRS filing represent one of the largest S-K 1300 resource summaries completed and filed to date. These considerable permitted Wyoming resources, coupled with our Texas permitted projects, positions UEC to lead the resurgence of U.S. uranium production.  At a time of unprecedented geopolitical events and risks, fully permitted and low-cost ISR projects in the United States will be critical to reducing dependency on Russia while strengthening national and energy security interests of America."