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Uranium Energy Corp. (UEC) Announces Completion of $27.5 Million Financing

|Includes: Uranium Energy Corp (UEC)

Uranium Energy Corp. announced today that, effective yesterday, it has completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the company, at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20.

Each Unit consists of one common share of common stock and one-half of one transferable common stock purchase warrant of the company, with each such whole warrant being exercisable for one additional common share of the companyat an exercise price of $3.95 per warrant share for a period of one year from closing.

Amir Adnani, president and CEO commented, “We are pleased to complete this financing. We have a number of expansion and production opportunities to address. But first, the Company’s focus is on achieving initial production at the Palangana ISR project in the coming weeks.”

Rodman & Renshaw LLC, Haywood Securities Inc., together with a number of other registered dealers, acted as non-exclusive placement agents for the financing.

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