Uranium Energy Corp Receives All Permits for Expansion at the Palangana ISR Mine and a Key Permit for the Burke Hollow ISR Project

Uranium Energy Corp (NYSE MKT: UEC, the "Company") is pleased to announce that the Palangana ISR Mine has received the required permits, and is now fully permitted for extraction in new resource areas with a larger Mine Permit and Aquifer Exemption. The expanded mine area boundary is now 8,722 acres versus 6,200 acres previously and includes Production Area-4 (PA-4). As previously reported, 296 drill holes have been completed inside of PA-4 to delineate three mineralized trends. Wellfield design is being finalized in preparation for installment of the first module inside this new production area. Regarding Burke Hollow permitting advances, the Texas Commission on Environmental Quality (TCEQ) has now issued two Class I disposal well draft permits, indicating the conclusion of a successful technical review. Craig Wall, V.P. of Environmental, Health and Safety, explained, "We are very pleased to make it through the rigorous technical review process of an ISR application. This milestone represents one of the four major permit reviews necessary to see the Burke Hollow project come to fruition and we are all encouraged by the progress." The Mine Permit and Aquifer Exemption Applications for the Burke Hollow ISR Project are currently in the later stages of technical review with the TCEQ. The project contains an NI 43-101-qualified inferred resource estimate of 5.12 million pounds of uranium at an average grade of 0.09% U3O8. Burke Hollow has the potential for additional resource expansion with two new prospective mineralized areas discovered by recent drilling and a previously identified Exploration Target still to be explored and delineated. The project is currently comprised of approximately 20,000 acres after the recent acquisition of a 1,825-acre lease, which was historically explored by Nufuels (Mobil) in 1982. President and CEO Amir Adnani stated, "UEC is well positioned for ongoing expansion of uranium throughput at our centralized Hobson processing plant when full-scale production resumes. With the Burke Hollow Project making significant resource and permitting progress, there's a substantial pipeline developing to support our hub-and-spoke growth plans."