Uranium Energy Corp. · AMEX:UEC
Uranium Energy — Q1 2026 Earnings Presentation
20 slides from Uranium Energy's earnings presentation, Dec 10, 2025
Slide 1: America's Largest & Fastest Growing Uranium Company
AMERICA’S LARGEST & FASTEST GROWING URANIUM COMPANY Fiscal 2025 Year-End Results September 24, 2025 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM
Slide 2: Disclaimer
Disclaimer Except for the statements of historical fact contained in this presentation, the information presented in this presentation constitutes “forward-looking statements” as such term is used in applicable United States and Canadian securities laws. They include, among others, statements regard
Slide 3: 2025 Highlights
2025 Highlights Breakthrough Year Transitioning to Uranium Production in Wyoming • Produced approx. 130,000 pounds of precipitated uranium and dried and Low-Cost drummed U3O8 Production • Total Cost per Pound(1) of $36.41, including Cash Cost per Pound(1) of Achieved $27.63 and Non-Cash Cost per Pou
Slide 4: 2025 Financial Highlights
2025 Financial Highlights Robust Balance Sheet with Unhedged Inventory Position Providing Maximum Upside and Flexibility $321 M • Strong Balance Sheet, with no debt Cash, inventory(1), and • Inventory and Equity Values as of July 31, 2025 equities at market price(2) • $24.5 million of gross profit,
Slide 5: Largest, Diversified Resource Base in the Western Hemisphere
Largest, Diversified Resource Base in the Western Hemisphere Total Resources of 230.1 M lbs. U3O8 as M&I, 100.0 M lbs. U3O8 as Inferred, 175 M lbs. Historical(3) Athabasca Basin (S-K 1300 compliant)(2) Irigaray Hub and Spoke ISR Portfolio (S-K 1300 compliant)(1,4) Attr. Resources Four Projects are F
Slide 6: Four Production Growth Pillars Complemented by an Extensive Exploration Portfolio
Four Production Growth Pillars Complemented by an Extensive Exploration Portfolio Irigaray Central Hobson Central Sweetwater Central Roughrider Conventional Processing Plant Processing Plant Processing Plant Asset 66.2 M lbs. M&I & 15.1 M lbs. 12.96 M lbs. M&I & 9.95 M lbs. 175 M lbs. Pounds U3O8 $9
Slide 7: Launch of United States Uranium Refining & Conversion Corp
Launch of United States Uranium Refining & Conversion Corp Positioning UEC as the only vertically integrated U.S. company from U3O8 to UF6 Aligned with market needs and American energy dominance policies Designed to give UEC end-to-end capabilities, providing a secure, geopolitically reliable source
Slide 8: Production Milestone at Irigaray CPP
Production Milestone at Irigaray CPP Expanding Christensen Ranch for Continued Production Growth Produced approx. 130,000 pounds of precipitated uranium and dried and drummed concentrate ✓ Successfully commissioned the Irigaray CPP from elution through to packaged product at a Total Cost per Pound(1
Slide 9: Burke Hollow Satellite ISR Project
Burke Hollow Satellite ISR Project 90% Complete, America’s Next ISR Mine Targeting November 2025 Completion Date ✓ Positioning for operational start-up in December Drilling at Burke Hollow Drill Rig at Burke Hollow ✓ 6.15 Million lbs. Measured and Indicated Resources, and 4.88 Million lbs. Inferred
Slide 10: Sweetwater Uranium Project
Sweetwater Uranium Project Acquisition of Rio Tinto America's Sweetwater Mill and Properties Creates UEC’s 3rd Hub-and-Spoke Production Platform in the U.S. ✓ Added 4.1 million pounds U3O8 per year of licensed production capacity and 175 million pounds of historic resources(1) ✓ Sweetwater Mill, 3,0
Slide 11: World Class Roughrider Project Pre-Feasibility Commenced
World Class Roughrider Project Pre-Feasibility Commenced Pre-Feasibility Commenced & Metallurgical Test Work Significantly Advanced ✓ Metallurgical test work significantly advanced with bulk solvent extraction and yellowcake precipitation completed ✓ Initial Economic Assessment demonstrated industry
Slide 12: Demand for Uranium Significantly Exceeds Primary Production
Demand for Uranium Significantly Exceeds Primary Production Growing demand coupled with underinvestment in uranium has led to a structural supply deficit that is projected to continue and widen through 2045 450 (1) Demand- Call to triple global Projected Production Gap Global Production and Demand(1
Slide 13: Unprecedented Bipartisan & White House Support
Unprecedented Bipartisan & White House Support Resulting in Investments to Increase Domestic Uranium & Fuel Cycle Supply May 2025 March 2025 Four Executive Orders Represent an Executive Order Unprecedented Level of Policy Support to February 2023 July 2024 Nuclear Fuel “ADVANCE” Act to Increase Revi
Slide 14: Domestic Uranium Takes Center Stage with Government Policy and Big Tech Demand
Domestic Uranium Takes Center Stage with Unprecedented Government Policy and Big Tech Demand for support Bipartisan Nuclear Power the to re-domesticate Electricity demand from U.S. data uranium supply chain centers is expected to double by 2028(1) President Trump signs multiple Enters into PPA with
Slide 15: Breakthrough Year Positioned as America's Only Vertically Integrated Uranium Company
Breakthrough Year Positioned as America’s Only Vertically Integrated Uranium Company ▪ Achieved Initial Low-Cost Production ▪ Production ramp up continues in Texas and Wyoming with further growth potential at Sweetwater and Roughrider ▪ Launch of UR&C with the goal of becoming the only vertically in
Slide 16: 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 President and CEO: Amir Adnani Executive Vice President Scott Melbye Investor Relations: Bruce J.
Slide 17: Appendix
Appendix URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM 17
Slide 18: UEC U.S. and Paraguay Resource Summary
UEC U.S. and Paraguay Resource Summary(1) Measured Resources Indicated Resources M+I Inferred Exploration Target Historic** PROJECTS Tons Grade lbs. U3O8 Tons Grade lbs. U3O8 lbs. U3O8 Tons Grade lbs. U3O8 Tons Grade lbs. U3O8 Tons Grade lbs. U3O8 ('000) (% U3O8) ('000) ('000) (% U3O8) ('000) ('000)
Slide 19: Canadian Attributable Resource Summary
Canadian Attributable Resource Summary S-K 1300 Resources (1) Project Indicated Resources Inferred Resources Tonnes Grade M lbs. Tonnes Grade M lbs. (000's) (% U3O8) U3O8 (000's) (% U3O8) U3O8 Roughrider 699 1.81 27.86 619 2.45 33.38 Christie Lake - - - 488 1.57% 16.84 Horseshoe-Raven 10,353 0.16% 3
Slide 20: Non-GAAP Measures
Non-GAAP Measures This presentation includes reference to "Total Cost per Pound", “Cash Cost per Pound” and “Non-Cash Cost per Pound”, which do not have standardized meanings under GAAP. We define (i) Total Cost Per Pound as the addition to uranium concentrates from extraction (a component of invent