NYSE MKT Equities Exchange Symbol – UEC
CORPUS CHRISTI, TX, Jan. 13, 2017 /PRNewswire/ - Uranium
Energy Corp. (NYSE MKT: UEC; "UEC" or the "Company") is pleased to announce a underwritten public offering (the "Offering")
of units of the Company (the "Units") at a price of $1.50 per Unit, with each Unit being comprised
of one common share of the Company (each, a "Share") and one‐half of one common share purchase warrant (each whole warrant, a
"Warrant") to raise up to $10 Million. Each Warrant will entitle the holder to acquire one
common share (each, a "Warrant Share") at a price per Warrant Share of $2.00 exercisable six months
from and expiring on the third anniversary from closing.
The Company anticipates that 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.
The closing of the Offering is expected to occur on January 20th, 2017.
Uranium Energy will host an investor conference call today, Friday, January 13, 2017, at
5:00PM EST, to discuss the proposed public offering. The conference call can be accessed at:
http://event.on24.com/wcc/r/1349249-1/93DB1CCFB3C3A838A1EE363955DC0D90
Call Agenda:
The following members of the UEC team will lead the call:
1. Mr. Spencer Abraham, Executive Chairman and former US
Secretary of Energy, will provide an overview of the anticipated energy policies of President Elect Donald J. Trump and the
incoming Congress and the positive implications for U.S. nuclear power and uranium mining.
2. Mr. Amir Adnani, CEO and President, will provide an
overview of the Company's recent developments, asset base and project pipeline in the U.S. and South
America.
3. Mr. Scott Melbye, Executive Vice President of UEC and
Senior Advisor to the world's largest uranium mining company Kazatomprom, will provide insight into this week's news of reduced
production from Kazakhstan and discuss global trends for uranium in 2017
Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC and Haywood Securities Inc. are
acting as Joint Bookrunners in connection with the Offering.
A "shelf" registration statement relating to the shares of common stock and warrants to be issued in the proposed Offering was
filed with the Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on January 10, 2014. This press release does not constitute an offer to sell, or the solicitation of an
offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such
offer, solicitation or sale is not permitted.
A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed Offering has been filed
with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities
being offered may also be obtained from Rodman & Renshaw, a unit of H.C. Wainwright & Co.,
via email at placements@hcwco.com, and in Canada by from Haywood Securities Inc. at ecm@haywood.com. Electronic copies of the preliminary prospectus supplement and accompanying prospectus are also
be available on the SEC's website at http://www.sec.gov.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the
securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration of qualification under the securities laws of any state or jurisdiction. The
securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed
upon the accuracy or adequacy of the prospectus supplement, the prospectus or the Company's shelf registration statement.
About Uranium Energy Corp
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. Additionally, the Company controls a pipeline of advanced-stage projects in Arizona, Colorado and 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.
Stock Exchange Information:
NYSE MKT: UEC
Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes
"forward-looking statements" as such term is used in applicable United States and Canadian laws.
These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not
yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not
always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate",
"plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such
forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results
of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral
resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the
sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated
with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or
construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to
identify important factors that could cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release and in any document referred to in this news release.
Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company
may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the
Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.
Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the statements contained in this news release can be found in the
Company's filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company
claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act
of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new
information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer
to buy securities.
SOURCE Uranium Energy Corp