Uranium Energy Corp Closes $20 Million Public Offering

Uranium Energy Corp Closes $20 Million Public Offering

CORPUS CHRISTI – Uranium Energy Corp. has now closed its previously announced public offering of 12,613,049 units of the Company, at a price of $1.60 per Unit, for gross proceeds of approximately $20 million.  Each Unit consists of one common share of the Company and one-half of one common share purchase warrant.  Each Warrant will entitle its holder to acquire one common share of the Company 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 and declared effective by the SEC on March 10, 2017 and in Canada.

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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