Uranium Energy Corp Increases Previously Announced Underwritten Public Offering to $20 Million

Uranium Energy Corp Increases Previously Announced Underwritten Public Offering to $20 Million
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CORPUS CHRISTI TX, Uranium Energy Corp. (NYSE : UEC ) is pleased to announce that, due to increased demand, its underwriters have now agreed to purchase 12,613,049 units of the Company, at a price of $1.60per Unit, with each Unit consisting of one common share of the Company and one-half of one common share purchase warrant for gross proceeds of approximately $20 million .  Each Warrant will entitle its holder to acquire one common 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 Company anticipates that 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.

Amir Adnani, President and CEO, stated: “The results of our public offering were exceptionally strong and substantially oversubscribed. We appreciate our existing and new shareholder endorsement of UEC’s strategy as the uranium market begins to recover from a prolonged downturn.  The capital increase we are accepting in this financing solidifies our balance sheet and provides broader flexibility to advance our Texas and Wyoming projects towards production.

The closing of the Offering is expected to occur on October 3, 2018, subject to customary closing conditions.

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 ArizonaColoradoNew 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.

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