Slide 1: America's Largest & Fastest Growing Uranium Company
AMERICA’S LARGEST & FASTEST GROWING URANIUM COMPANY Building America’s Only Vertically Integrated Fuel Supply Chain, from Mining to Conversion to Support U.S. Enrichment Fiscal 2026 Second Quarter Results March 10, 2026 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements: 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, amo
Slide 3: Results for Second Quarter of Fiscal 2026
Results for Second Quarter of Fiscal 2026 Building America’s First and Only Vertically VERTICAL INTEGRATION Integrated Uranium Fuel Supply Chain, from Mining to Conversion, Supporting U.S. Enrichment Advancing the Largest U.S. Uranium Resource GROWING PRODUCTION Base through Construction of New Low-
Slide 4: America's Newest Uranium Mine – Operationally Ready
America’s Newest Uranium Mine – Operationally Ready Burke Hollow, South Texas URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM 4
Slide 5: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights • Burke Hollow constructed and operationally-ready, positioned for staged production growth as regulatory approvals progress Expanding Production • Four additional header houses were completed at Christensen Ranch and three more Capabilities Across are under constructi
Slide 6: Second Quarter 2026 Financial Highlights
Second Quarter 2026 Financial Highlights Strong Balance Sheet with No Debt and Sales Demonstrating Advantage of Unhedged Strategy $818 M 1.46 M 100% Liquid Assets(1) Pounds of U₃O₈ in inventory(1) Unhedged • Robust Balance Sheet, • Inventory excludes • Sales of 200,000 pounds with no debt ~244,000 p
Slide 7: United States Uranium Refining & Conversion Corp
United States Uranium Refining & Conversion Corp Positioning to become the only vertically integrated U.S. company from U3O8 to UF6 UR&C is designed to give UEC end-to-end capabilities, providing a secure, geopolitically reliable source of uranium hexafluoride. Advanced government discussions, feasi
Slide 8: Four Production Growth Pillars
Four Production Growth Pillars Scalable Hub-and-Spoke Platforms with Robust Development Portfolio Irigaray Central Hobson Central Sweetwater Central Roughrider Project Processing Plant Processing Plant Processing Plant U.S. ISR Operations U.S. ISR Operations U.S. ISR & Conventional Development Canad
Slide 9: Powder River Basin, Wyoming, Hub-and-Spoke Operations
Powder River Basin, Wyoming, Hub-and-Spoke Operations Expanding Production Capacity at Irigaray CPP & Christensen Ranch Continued Ramp Up while Maintaining Low-Cost Production ✓ During the second fiscal quarter of 2026, 45,743 pounds of uranium concentrate were produced at a Total Cost per Pound(1)
Slide 10: Powder River Basin, Wyoming, Hub-and-Spoke Operations
Powder River Basin, Wyoming, Hub-and-Spoke Operations Development Commenced at the Ludeman Satellite Project The Ludeman Project is the Second Satellite to Irigaray CPP ✓ 9.7 Million lbs. Measured and Indicated Resources, and 1.3 Million lbs. Inferred resources.(1) ✓ Fully licensed and permitted - w
Slide 11: South Texas Hub-and-Spoke Operations
South Texas Hub-and-Spoke Operations Burke Hollow Satellite ISR Project Operationally Ready Construction Completed on America’s Newest ISR Mine ✓ 6.15 Million lbs. Measured and Indicated Resources, and 4.88 Million lbs. Inferred resources(1). ✓ Completed drilling, casing and underreaming in the init
Slide 12: Sweetwater Central Processing Plant
Sweetwater Central Processing Plant Advancing Sweetwater Mill and Properties Accelerating First Wellfield Development & Advancing FAST-41 Permitting ✓ Submitted Bureau of Land Management’s (BLM) Plan of Operations – a critical milestone on the FAST-41 dashboard schedule – BLM finalized their complet
Slide 13: World Class Roughrider Project Commenced Pre-Feasibility Study
World Class Roughrider Project Commenced Pre-Feasibility Study 34,000 Meters Conversion Core Drilling Program >30% complete ✓ Engaged Tetra Tech to provide lead technical services for the preparation of the PFS ✓ Key trade-off studies completed and in alignment with the Initial Assessment study ✓ Wo
Slide 14: Unprecedented Bipartisan & White House Support
Unprecedented Bipartisan & White House Support Investments in Nuclear, Domestic Uranium and Fuel Cycle Supply U.S. government U.S. – Japan U.S. government U.S. Government U.S. Department of signs $80B Agreement includes designates Section 232 Critical War and investment into new $25B investment Uran
Slide 15: Continued Progress Towards Becoming America's Only Vertically Integrated Uranium Company
Continued Progress Towards Becoming America’s Only Vertically Integrated Uranium Company ▪ Robust Financial Position with $818 million in liquid assets(1), including 1,456,000 pounds of U₃O₈, and no debt ▪ Largest uranium resource base in the United States ▪ Major expansion of ISR production in Wyom
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“ and “Cash Cost per Pound”, which do not have standardized meanings under GAAP. We define (i) Total Cost Per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inv