Slide 1: Creating America's Largest Uranium Mining Company
CREATING AMERICA’S LARGEST URANIUM MINING COMPANY Acquisition of Uranium One Americas November 2021 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM
Slide 2: Disclaimer
Disclaimer Statements contained in this presentation which are not historical facts are forward-looking statements categories will ever be converted into mineral reserves. These terms have a great amount of that involve risks, uncertainties and other factors that could cause actual results to differ
Slide 3: Acquisition Highlights
Acquisition Highlights • Acquisition of all the issued and outstanding shares of Uranium One Americas, Inc. from Proposed Transaction Russia’s State Atomic Energy Corporation Rosatom TOTAL PURCHASE PRICE $112 million in cash and the replacement of $19 million in reclamation bonding • Acquisition is
Slide 4: Acquisition Highlights
Acquisition Highlights The purchase price is equal to only 12% of our current enterprise value, yet the acquisition doubles Highly Accretive Transaction the size of our production capacity in three key categories: total number of permitted U.S. ISR projects, resources, and processing infrastructure.
Slide 5: Acquisition Highlights
Acquisition Highlights Secures approximately 37.6 Mlbs U3O8 in historically estimated Measured and Indicated Resources Resource Expansion and 4.3 Mlbs U3O8 in historically estimated Inferred resources based on independent technical reports prepared for U1A with considerable growth potential;(1) Fast
Slide 6: Pro-Forma Portfolio
Pro-Forma Portfolio 4.1 million lbs. in physical uranium portfolio, $32 average cost to purchase U.S. warehoused uranium 42 Mlbs of Historical Resources in Wyoming(1) 2.5 Mlbs of Permitted Annual Capacity Canada - Athabasca Basin Resources (M lbs.) Project Name Stage M&I Inferred U1A Wyoming Portfol
Slide 7: Two Hub and Spoke Production Platforms (Post Closing)
Two Hub and Spoke Production Platforms (Post Closing) Wyoming Hub & Spoke ISR Portfolio Irigaray Processing Plant Licensed Production Capacity of 2.5 Mlbs./year Texas Hub & Spoke ISR Portfolio Hobson Processing Plant Installed Production Capacity of 2 Mlbs./year WY Reno Creek Project Licensed Produc
Slide 8: Irigaray & Christensen Ranch
Irigaray & Christensen Ranch Irigaray CPP Irigaray CPP • 15.5Mlbs Historic M&I | 0.14Mlbs Historic Inferred(1) • One of the largest ISR central processing facilities in the United States with a licensed capacity of 2.5 million pounds U3O8 per year • Plant and infrastructure production ready with fou
Slide 9: Reno Creek ISR Project
Reno Creek ISR Project 26.0Mlbs M&I | 1.5Mlbs Inferred Irigaray Uranium One North Butte The largest permitted, pre-construction Christensen Ranch Cameco RENO CREEK ISR uranium project in the U.S. Uranium One UEC Moore Ranch Uranium One • First time since 1980 that the major mineralized trends have b
Slide 10: Unparalleled Pipeline of Fully Permitted and Development ISR Projects
Unparalleled Pipeline of Fully Permitted and Development ISR Projects Wyoming 25 mi 75 mi 150 mi 10 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM
Slide 11: Ludeman ISR Project
Ludeman ISR Project Permitted, Construction Ready 9.7Mlbs Historic M&I | 1.3Mlbs Historic Inferred(1) Irigaray • Most of the project area was held by Power Resources Uranium One North Butte (Cameco) until 2003, after which Energy Metals (precursor Cameco to U1A) acquired the properties. Christensen
Slide 12: Moore Ranch ISR Project
Moore Ranch ISR Project Permitted, Construction Ready 3.21Mlbs Historic M&I | 0.04Mlbs Historic Inferred(1) Irigaray Uranium One North Butte Cameco • The Moore Ranch Project is fully permitted and was Christensen Ranch previously developed by Conoco in the early 1980’s. Uranium One RENO CREEK UEC •
Slide 13: Uranium One Americas – Wyoming Properties Summary
Uranium One Americas – Wyoming Properties Summary Irigaray central processing plant permitted for up to 2.5Mlbs U3O8 per year Historic Permitting Historic M&I Property Hub & Spoke Stage Location Inferred Status Resources1 Resources1 Christensen Ranch Permitted Satellite to Irigaray Operational – On
Slide 14: Uranium Sector - Positive Market Outlook
Uranium Sector - Positive Market Outlook Demand Growth – 58 reactors added to grid in past 8 years; 51 reactors under construction – nuclear generation has recovered to pre-Fukushima levels Strategic Interest in Physical Inventory – Producers, Developers, Financial buyers The Department of Ene
Slide 15: Investment Summary
Investment Summary $235.4 million of cash and liquid assets, positioning UEC with a leading balance sheet in the uranium sector Fully permitted and highly automated infrastructure at the Hobson (Texas) and U1A’s Irigaray (Wyoming) processing facilities Pipeline of fully licensed, low-cost ISR
Slide 16: U1A Summary
U1A Summary Location: Wyoming, U.S. strategic uranium mine region History: Development of uranium properties commenced in 1970’s Origin: 2007 – U.S. assets including Wyoming properties acquired from EMC for $1.5B 2010 – Willow Creek and Texas operations, acquired from COGEMA for $38M Propert
Slide 17: Uranium Energy Corp UEC: NYSE American
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 President and CEO: Amir Adnani Executive Vice President Sc
Slide 18: UEC At a Glance
UEC At a Glance Member of the Russell 2000® Index Cash, Equity and ~$235.4 million Inventory Holdings(1,2,3) Comprised of $96.4M in cash, $82.3M in equity holdings and $56.7M in physical inventories 259.0 M 4.9 M 11.6 M 275.5 M Share Structure Outstanding Warrants + Options & Stock Awards Fully Dilu
Slide 19: Our Team
Our Team Amir Adnani Spencer Abraham Scott Melbye President, CEO, Director Chairman, Board of Directors Executive Vice President An entrepreneur, founding CEO of UEC, founder Served as a U.S. Senator from 1995 to 2001, as 36 years of experience in senior roles with uranium and Chairman of GoldMining
Slide 20: U1A Historic Resource Summary
U1A Historic Resource Summary(1) Projects Historic Measured & Indicated Historic Inferred Hub & Spoke ISR Portfolio Tonnes Grade Lbs U3O8 Tonnes Grade Lbs U3O8 Wyoming ISR (Mt) (% U3O8) (Mlbs) (Mt) (% U3O8) (Mlbs) Irigaray & Christensen Ranch(a) 9.5 0.074% 15.50 0.1 0.068% 0.14 Moore Ranch(b) 2.4 0.
Slide 21: UEC Resource Summary
UEC Resource Summary(3) Projects Measured & Indicated Inferred Hub & Spoke ISR Portfolio Tons Grade Lbs U3O8 Tons Grade Lbs U3O8 Texas ISR (‘000) (% U3O8) (‘000) (‘000) (% U3O8) (‘000) Palangana 393 0.14 1,057 328 0.18 1,154 Burke Hollow - - - 4,064 0.088 7,093 Goliad 3,790 0.05 5,475 1,547 0.05 1,5