URANIUM ENERGY CORP ANNOUNCES LAUNCH OF PUBLIC OFFERING

Rhea-AI Summary

Uranium Energy Corp (NYSE American: UEC) announced on October 3, 2025 a public offering of 15,500,000 shares of common stock, with a 30‑day underwriter option to purchase up to an additional 2,325,000 shares. Goldman Sachs is sole underwriter. The company states net proceeds will be used to accelerate development of a new American uranium refining and conversion facility through its wholly owned subsidiary United States Uranium Refining & Conversion Corp (UR&C), and for general corporate and working capital purposes.

The offering is being made under a registration statement that became automatically effective on November 16, 2022. Prospectus and preliminary prospectus supplement will be filed with the SEC; investors are directed to EDGAR for documents. This release is not an offer to sell securities.

Positive

• Offering proceeds designated to accelerate UR&C facility development
• Underwriter support from Goldman Sachs as sole underwriter
• Registration statement already effective on November 16, 2022

Negative

• Public offering of 15,500,000 shares announced October 3, 2025
• Underwriter 30‑day option for 2,325,000 additional shares
• Press release does not disclose offering price or gross proceeds

Insights

Capital Markets Strategist

UEC launched a 15,500,000-share public offering with a 30-day overallotment option to fund a U.S. refining and conversion project.

This raises immediate capital by issuing common stock, which increases outstanding shares and can dilute existing holders; the company states proceeds will accelerate development of United States Uranium Refining & Conversion Corp. and for general corporate uses.

Why it matters: the press release discloses a concrete financing size (15,500,000 shares) and an underwriter option for an additional 2,325,000 shares, and names Goldman Sachs & Co. LLC as sole underwriter, so the transaction is structured and marketable now; investors can verify details in the forthcoming prospectus supplement and SEC filings.

Monitor: review the preliminary prospectus supplement and the final offering terms when filed to see exact pricing, dilution, and net proceeds allocated to the UR&C project.

Proceeds to be Used to Accelerate the Development of the United States Uranium Refining & Conversion Corp

CORPUS CHRISTI, Texas, Oct. 3, 2025 /PRNewswire/ - Uranium Energy Corp. (NYSE American: UEC, the "Company" or "UEC") announced today the launch of a public offering of 15,500,000 shares of its common stock (the "Offering"). In connection with the Offering, the Company intends to grant to the underwriter a 30-day option to purchase up to an additional 2,325,000 shares of its common stock. 

The Company intends to use the net proceeds it receives from the proposed Offering to accelerate the development of a new, state-of-the-art American uranium refining and conversion facility through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp. ("UR&C"), as well as for general corporate and working capital purposes. 

Goldman Sachs & Co. LLC is acting as the sole underwriter for the Offering.

The Company has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission ("SEC") which became automatically effective upon filing on November 16, 2022. The Offering is being made solely by means of a prospectus and a prospectus supplement that form a part of the registration statement. A copy of the preliminary prospectus supplement and accompanying prospectus relating to this Offering will be filed with the SEC. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this Offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the Offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ny.email.gs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. UEC is advancing the next generation of low-cost, environmentally friendly ISR mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has three ISR hub-and-spoke platforms in South Texas and Wyoming. These production platforms are anchored by licensed Central Processing Plants that will be served by a pipeline of satellite ISR projects, including seven that already have their major permits in place. In August 2024, operations were restarted and ramp-up commenced at the Christensen Ranch Project in Wyoming, sending uranium loaded resin to the Irigaray Plant (Wyoming Powder River Basin hub). Additionally, the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only uranium royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects. The Company's UR&C initiative aims at positioning UEC as the only vertically integrated U.S. uranium company with mining and processing operations and planned refining and conversion capabilities. The Company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to future events. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would," and "outlook," or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are based on current expectations, estimates, beliefs and assumptions, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of the future and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including those more fully described in the Company's filings with the SEC, including those set forth in the registration statement for the Offering and the preliminary prospectus supplement, as filed with the SEC. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances that occur after the date of this press release, except as required by law.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

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SOURCE Uranium Energy Corp

FAQ

What did UEC announce on October 3, 2025 about a stock offering?

UEC launched a public offering of 15,500,000 common shares with a 30‑day option for 2,325,000 additional shares.

How will UEC use proceeds from the October 3, 2025 offering?

UEC intends to use net proceeds to accelerate development of a US uranium refining and conversion facility (UR&C) and for general corporate purposes.

Who is the underwriter for UEC's October 3, 2025 offering and what is the option?

Goldman Sachs & Co. LLC is sole underwriter with a 30‑day option to buy up to 2,325,000 additional shares.

Is UEC's offering registered with the SEC and where can I find the prospectus?

Yes; the registration statement became effective on November 16, 2022. Prospectus and supplement will be filed on EDGAR at sec.gov.

Will the October 3, 2025 UEC offering dilute existing shareholders?

The offering increases shares outstanding by at least 15,500,000, which may dilute existing holders; exact dilution depends on total shares outstanding.

Does UEC disclose the offering price or total gross proceeds on October 3, 2025?

No. The press release does not disclose the offering price or estimated gross proceeds; those details will appear in the prospectus supplement.