Slide 1: America's Emerging Uranium Producer
AMERICA’S EMERGING URANIUM PRODUCER URANIUM ENERGY CORP | NYSE MKT: UEC | URANIUMENERGY.COM
Slide 2: Disclaimer
Disclaimer Statements contained in this presentation which are not historical facts are measured mineral resources, indicated mineral resources and inferred forward-looking statements that involve risks, uncertainties and other factors mineral resources, while recognized and required by Canadian reg
Slide 3: Our Mission
Our Mission TO EXPAND URANIUM PRODUCTION USING LOW COST IN-SITU RECOVERY(ISR) WHILE DEVELOPING A PIPELINE OF RESOURCES FOR MAJOR ONGOING GROWTH 3
Slide 4: UEC's Hobson ISR Processing Plant – South Texas
UEC’s Hobson ISR Processing Plant – South Texas 4
Slide 5: Energy equivalence of uranium barrels
These barrels of uranium produce the energy equivalence of 220,000 barrels of oil. 5
Slide 6: Nuclear Energy's Solid Value Proposition
Nuclear Energy’s Solid Value Proposition SAFE AND RELIABLE ELECTRICITY 24/7 Anchors the Avoids Local Contributes Carbon Community: Provides to Fuel and Emissions Jobs, Tax Base Runs When Clean Air Technology Needed Compliance Diversity Provides (Portfolio Supports Price (Fuel on Value Site) Value) G
Slide 7: Nuclear Power - Growth Industry By Any Measure
Nuclear Power - Growth Industry By Any Measure 439 operable reactors in 30 different countries (24/7 base load power) 64 reactors under construction 159 reactors on order or planned Uranium demand grows about 45% by 2030 (3.1% per year) 7
Slide 8: Global Nuclear Growth in 2015
Global Nuclear Growth in 2015 10 new reactors taken online (9,497 Mwe of installed capacity) - China(8), South Korea(1) and Russia(1) Double the rate of growth over 2014 8 reactors permanently shut down in 2015 (4,572 Mwe) for net gain of 4,925 Mwe – mostly smaller older units 8
Slide 9: Nuclear Power in the United States
Nuclear Power in the United States Continued Strong Reliance on Nuclear Power 99 operating reactors 20% of the nations electrical energy 65% of the nation’s carbon-free electricity 5 new reactors under construction 10 new reactor applications under review 9
Slide 10: South Carolina - Progress at Summer Units 2 & 3
South Carolina - Progress at Summer Units 2 & 3 Westinghouse AP 1000 Plants Commercial Operation expected 2019/2020 11
Slide 11: Georgia - Progress at Vogtle 3 & 4
Georgia - Progress at Vogtle 3 & 4 Westinghouse AP 1000 Units 12
Slide 12: U.S. License Extensions Are A Success Story
U.S. License Extensions Are A Success Story Status of License Renewals in the U.S. 81 Reactors Approved for First Round 20 Year Extensions 13 Reactors are under NRC review for First Round renewal DOE and EPRI support future NRC Subsequent License Renewal (SLR) extensions 12
Slide 13: Electricity Generation in the UK - Doubling-Down on Nuclear
Electricity Generation in the UK - Doubling-Down on Nuclear Presently 15 nuclear units generating 8,883 Mwe (18% of UK electricity) Most assumed to be retired by 2023 (few good options for new base load power) Current planned/proposed: 13 nuclear units with installed capacity of 17,900 Mwe U
Slide 14: China Accelerating Nuclear Growth Plans
China Accelerating Nuclear Growth Plans Current China Nuclear Growth Plan 27 GWe installed (30 units operating) 58 GWe 2020 97 GWe by 2025* *Likely increased in 13th 5-year plan due out in March Breaking ground on 6-8 new units per year (increasing to 10 per year post-2020) Air Quality Imperat
Slide 15: Chinese Uranium Imports
Chinese Uranium Imports 223 million pounds U3O8 since 2009 55 million pounds U3O8 in 2014 alone! 2014 imports up 12% over previous year and greater than U.S. annual consumption of 50 million pounds 15
Slide 16: India Nuclear Energy Growth
India Nuclear Energy Growth Currently operating 21 reactors with 6 Gwe installed capacity 5 Gwe under construction (6 units) 21 Gwe ordered or planned (22 units) Official Plan – 15 Gwe installed by 2025 Embarking on uranium buying spree (long term contracts) – Canada, Kazakhstan, Uzbekista
Slide 17: Russia a Major Driver of Supply and Demand Fundamentals
Russia a Major Driver of Supply and Demand Fundamentals 17
Slide 18: Russia a Major Driver of Supply and Demand Fundamentals
Russia a Major Driver of Supply and Demand Fundamentals Russian Domestic Reactors: Export Reactors: constructing 29 34 currently operating units abroad – all include nuclear 9 under construction fuel supply 25 ordered and planned Uranium requirements: Over 50 million pounds U3O8 annually by 20
Slide 19: COP21 – Carbon Reduction Agreement will Require Nuclear
COP21 – Carbon Reduction Agreement will Require a Robust Nuclear Contribution Represents a global agreement on climate change from 196 countries Goal of limiting global warming to less than 2 degrees Celsius Agreement means zero green- house gas emissions post 2050 Nuclear generation will need to ri
Slide 20: Climate Change Requires Nuclear Energy Involvement
Climate Change Requires Nuclear Energy Involvement “There’s really only one technology that we know of that supplies carbon-free power at the scale modern civilization requires, and that is nuclear power” (Ken Caldeira of Stanford University’s Department of Global Ecology) “Unless a miracle occu
Slide 21: Japan reactor restarts
NRA has received 24 reactor restart applications Five reactors approved for restart 2 reactors now operating, two loading fuel - expect Q1 restarts Government approved plans are for 20%-22% from nuclear power 21
Slide 22: Uranium Price History
Uranium Price History Source: Ux Consulting 22
Slide 23: Post-Fukushima - Uranium Sector Still Faces Supply/Demand Imbalance
Post-Fukushima - Uranium Sector Still Faces Supply/Demand Imbalance 32 M lb Gap in 2016 43 M lb gap by 2019 Million Lbs U3O8 Source: WNA, Ux Consulting 23
Slide 24: Diminishing Secondary Supplies
Diminishing Secondary Supplies • US-Russian HEU Agreement ended 2013 • Had supplied 24 million lbs U3O8 annually – no extension • Enrichment under feeding has offset some of the shortfall, not likely to increase going forward 24
Slide 25: New Production Requires Higher Prices
New Production Requires Higher Prices Post Fukushima analysts estimate Above this as the incentive price for development of new conventional $75/lb. projects Of global mine supply comes from 48% higher cost conventional mining 25
Slide 26: Global Production by Country
Global Production by Country Over 71% of global uranium production is coming from outside of Canada, Australia and the United States 26
Slide 27: Uranium Price Recovery – Strong Fundamental Basis for Optimism
Uranium Price Recovery – Strong Fundamental Basis for Optimism 1. Utility demand is returning to the uranium market 2. Substantial emerging market buying has depleted supplies 3. Production cutbacks and disruptions have further depleted supplies 4. Sovereign national nuclear programs are changing th
Slide 28: UEC at a Glance
UEC at a Glance Member of the Russell 3000 and Global Indexes $10.51M - Equity Financing (March 11, 2016) Cash $2.40M - As of January 31, 2016 Quarter Ended Share 115.6 M 14.0 M 11.1 M 140.7 M Structure Outstanding* Warrants + Options Fully Diluted** Recent $0.79 650,912 Activity Price as of 03/11/1
Slide 29: Our Team
Our Team Amir Adnani Spencer Abraham Scott Melbye President, CEO, Director Executive Chairman, Board of Directors Executive Vice President An entrepreneur, founding CEO of UEC, 30 years experience with uranium majors, Served as a U.S. Senator from 1995 to 2001, as founder and Chairman of Brazil Reso
Slide 30: Project Portfolio Includes ISR + Conventional Uranium Projects Across The Americas
Project Portfolio Includes ISR + Conventional Uranium Projects Across The Americas US Project Paraguay Portfolio Project Portfolio 30
Slide 31: Exploration Databases Drive Resource Expansion
Exploration Databases Drive Resource Expansion 14 Databases of historical exploration and Including over 70,000 drill holes that span development data from senior companies well known uranium rich districts in North including Kerr-McGee, Continental Oil America and abroad (Conoco Phillips), Mobi
Slide 32: Hub & Spoke Production Strategy
Hub & Spoke Production Strategy 32
Slide 33: Hobson is fully licensed and permitted
Hobson is fully licensed and permitted. The Processing Plant has a 2M lb. / year physical capacity 33
Slide 34: Zero Emission vacuum dryer at Hobson Processing Plant
Zero Emission vacuum dryer at Hobson Processing Plant Yellowcake processed at Hobson from Palangana ISR Mine 34
Slide 35: Palangana ISR Mine First Producing Mine
Palangana ISR Mine First Producing Mine $10 M Production Commenced Initial CAPEX January 2011 Cumulative sales of $22.8 M to fiscal 2013 at an average sale price of $46.50/lb. with $25.9 M a cash cost of sales of $21.77 Revenue Generated Generated $3.08 M in cash with sale of uranium from inventory
Slide 36: Palangana Production Area 1 (PA-1)
Palangana Production Area 1 (PA-1) Palangana Ion Exchange Facility 36
Slide 37: Resin Hauling Truck And Trailer
Resin Hauling Truck And Trailer 37
Slide 38: Goliad ISR Project Next In Line For Production
Goliad ISR Project Next In Line For Production Fully licensed and permitted NI 43-101 compliant resource: Measured & Indicated Resource: 5,475,200 lbs in 3.8 MT grading 0.05% U3O8 Inferred Resource: 1,547,500 lbs in 1.5 MT grading 0.05% U3O8 38
Slide 39: Burke Hollow ISR Project Growth Ahead
Burke Hollow ISR Project Growth Ahead Recently reported a 77% increase in estimated inferred uranium resource to 5.12 million pounds in 2.9 MT grading 0.09% U3O8* Discovery and delineation of higher grade zones has doubled uranium grade Discovery of five trends since 2012, resulting from 526 e
Slide 40: Burke Hollow ISR Project Advancing Project
Burke Hollow ISR Project Advancing Project Permitting Two final Class I disposal well permits have been issued from the Texas Commission on Environmental Quality (TCEQ). The Mine Permit, Aquifer Exemption and Radioactive Material License applications are in advanced stages of technical review. 2
Slide 41: Longhorn ISR Project
Longhorn ISR Project Existing aquifer exemption Permitting covers entire project area, Advantage greatly expedites regulatory process Historic production 30 M lbs. Live Oak County Produced within project’s 13 M lbs. George West District Project located ~45 miles Hub and from Hobson Processing Spoke
Slide 42: ISR District Opportunity in Paraguay
ISR District Opportunity in Paraguay Similar geology as South Texas and leveraging ~$50M of historic exploration work by Anschutz and Cameco, including new work completed by UEC. Project Historic Operator Stage Resource (M lbs.) Yuty Cue Resources / 8.9m lbs in 7.8 MT grading Exploration / Cameco 0.
Slide 43: Yuty ISR Project Paraguay
Yuty ISR Project Paraguay • Project advances from the Exploration Phase into the Exploitation Phase A Large ISR • Measured and Indicated Resource of 8.9 million Resource pounds in 7.8 MT grading .052% U3O8 with an Inferred Resource of 2.2 million pounds in 2.1 MT grading .047% U3O8 290,000 Acres Con
Slide 44: Oviedo ISR Project Paraguay
Oviedo ISR Project Paraguay 23-56 M lbs in 28.9- 53.8 MT grading NI 43-101 Exploration Target for U3O8 0.04% to 0.052% U3O8 Concession located in the area of Coronel 460,000 Acres Oviedo, Paraguay Subject to uranium exploration by The Previously Explored Anschutz Corporation (1976-1983) and Crescent
Slide 45: Anderson Project Overview
Anderson Project Overview NI 43-101 compliant resource: Indicated Resource: 29 M tons, 17 M lbs. avg. A Large US grade of 0.029% Resource Inferred Resource: 14.3 M tons, 12 M lbs. with avg. grade of 0.046% 9,852 Acres Project located ~75 miles northwest of Phoenix, AZ Historic Between 1955-1958
Slide 46: Anderson Project Preliminary Economic Assessment
Anderson Project Preliminary Economic Assessment Projected post-tax IRR of 50% and an NPV of Overview $101.1 million, based on a uranium price of $65 per pound CAPEX is estimated at $9 million for pre-production Low costs and $43.9 million for initial capital CAPEX / OPEX Average life of mine di
Slide 47: Slick Rock Project US Project Portfolio Highlight
Slick Rock Project US Project Portfolio Highlight NI 43-101 compliant resource: Inferred Resource: 2.5 M tons, 11.6 M lbs. avg. Technical grade of 0.228% Report Inferred Resource: 2.5 M tons, 69.6 M lbs. vanadium with avg. grade of 1.37% 33% pre- tax Internal Rate of Return $43.8 million pre
Slide 48: Overview of the historic Slick Rock mine workings
Overview of the historic Slick Rock mine workings Member of technical team collecting a rock sample 48
Slide 49: Investment Summary
Investment Summary Proof of Concept Proven record of developing projects through to low-cost production Large Portfolio of Advanced, Development and Exploration Uranium Projects Infrastructure advantage with Hobson Plant and its 2M-lb./year capacity 20 uranium projects in Texas, Arizona, C
Slide 50: Uranium Energy Corp
URANIUM ENERGY CORP Toll Free: (866) 748-1030 info@uraniumenergy.com www.uraniumenergy.com Corporate Office 500 North Shoreline Ste. 800N Corpus Christi, TX 78401 Tel: (361) 888-8235 Fax: (361) 888-5041 Investor Relations: Bruce J. Nicholson Mehran Bagherzadeh President and CEO: Amir Adnani