Institutional Investor T. Rowe Price Discloses 56.7M UEC Shares

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed a Schedule 13G reporting beneficial ownership of 56,674,925 shares of Uranium Energy Corp common stock, representing 12.8% of the class. The filing states T. Rowe Price has 54,504,875 shares with sole voting power and 56,673,868 shares with sole dispositive power, with no shared voting or dispositive power reported. The filing affirms the securities were acquired and are held in the ordinary course of business and not to influence control. The filing lists issuer and filer addresses in Vancouver and Baltimore respectively.

Positive

• Material institutional stake: T. Rowe Price reports a substantial 12.8% ownership, indicating investor interest from a large asset manager.
• Clear ownership disclosure: Filing provides detailed counts for sole voting and sole dispositive power, improving transparency.

Negative

• None.

Insights

Investment Adviser

TL;DR: Institutional investor holds a material 12.8% stake with exclusive voting and dispositive control reported.

The Schedule 13G shows an investment adviser reporting ownership of 56.7 million shares, or 12.8% of Uranium Energy Corp, with nearly all reported shares under sole voting and sole dispositive power. This filing is consistent with passive investment intent under Schedule 13G rules and includes a certification that the stake is held in the ordinary course of business and not to change control. For investors, a 12.8% position by a large adviser is a meaningful ownership concentration but the filing explicitly disclaims control intent.

Corporate Governance Expert

TL;DR: A 12.8% ownership is material for governance considerations but the filer disclaims control intent.

From a governance perspective, T. Rowe Price's reported sole voting power of 54.5 million shares could influence outcomes if the adviser chooses to vote actively, yet the Schedule 13G classification and signature statement assert passive holdings. The filing provides clear ownership breakdowns and required certifications but does not indicate any agreements, group status, or intentions to change board control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

URANIUM ENERGY CORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

916896103

(CUSIP Number)

08/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 916896103

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 54,504,875.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 56,673,868.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

56,674,925.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: URANIUM ENERGY CORP
(b)	Address of issuer's principal executive offices: 1830 - 1188 WEST GEORGIA STREET, VANCOUVER, A1, V6E 4A2
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 916896103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 56674925
(b)	Percent of class: 12.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 54504875
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 56673868
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	09/08/2025

FAQ

How many UEC shares does T. Rowe Price report owning?

T. Rowe Price reports beneficial ownership of 56,674,925 shares of Uranium Energy Corp common stock.

What percentage of UEC does T. Rowe Price own according to the filing?

The filing states T. Rowe Price owns 12.8% of the class.

Does T. Rowe Price report voting or dispositive power over the shares?

Yes. The filing reports 54,504,875 shares with sole voting power and 56,673,868 shares with sole dispositive power; no shared powers are reported.

Is the Schedule 13G filed as passive or active intent to influence control?

The filing is a Schedule 13G with a certification that the securities are held in the ordinary course of business and not to change or influence control.

When was the Schedule 13G signed?

The signature block shows the form was signed on 09/08/2025 by Ellen York, Vice President.