Uranium Energy Corp. · AMEX:UEC
Uranium Energy — Q4 2026 Earnings Presentation
22 slides from Uranium Energy's earnings presentation, Sep 29, 2026
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 through Conversion to Support U.S. Enrichment Fiscal 2026 Results September 29, 2026 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM
Slide 2: Disclaimer
Disclaimer References to the “Company” and “UEC” herein are to Uranium Energy Corp. Unless otherwise specified, all references to dollar amounts are to United States dollars. Figures may not add up due to rounding. Forward-Looking Statements: Except for the statements of historical fact contained in
Slide 3: Fiscal Year 2026 Results
Fiscal Year 2026 Results Transformational Year Establishing UEC as a Multi-Mine U.S. Uranium Producer Fourth Quarter Production Up More Than 150% with Significantly Improved Economies of Scale Unhedged Strategy Delivered Peer Leading Realized Price of $93.13 per Pound $753 Million in Liquid Assets(1
Slide 4: Corporate Highlights
Corporate Highlights Production • Fourth quarter combined production totaled 82,744 pounds of precipitated uranium and dried and drummed Increased By 157%; U3O8, up from 32,195 pounds in the prior quarter, at a Total Cash Cost per Pound(1) of $30.01 and a Total Costs Down 33% Cost per Pound(1) of $3
Slide 5: Fiscal 2026 Financial Highlights
Fiscal 2026 Financial Highlights $93.13/lb $753 M 1.26 M Peer Leading Realized Price Liquid Assets(1) Pounds of U₃O₈ in inventory(1) • Revenue of $37.3 million • Includes $495 million of • Valued at $109 million at and gross profit of $16.9 cash current market prices million for fiscal 2026 • Robust
Slide 6: Uranium Policy Developments
Uranium Policy Developments Government Demand Accelerating for Unobligated U.S.-Origin U3O8 • National Nuclear Security Administration RFI signals long-term demand: ~4M lbs U₃O₈ and 1,500 MTU conversion annually through the 2040s, with deliveries targeted from ~2030 • U.S. Army Janus microreactor pr
Slide 7: United States Uranium Refining & Conversion Corp
United States Uranium Refining & Conversion Corp Positioning UEC as the only vertically integrated U.S. company from U3O8 to UF6 ✓ Advancing toward a Class IV cost estimate expected mid-2027 ✓ Preparing U.S. Nuclear Regulatory Commission license application ✓ Completed core execution plans, built a
Slide 8: Four Production Growth Pillars
Four Production Growth Pillars Scalable Hub-and-Spoke Platforms with Robust Development Portfolio(1) 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 Ca
Slide 9: Production Expanded at Irigaray CPP
Production Expanded at Irigaray CPP Expanding Christensen Ranch for Continued Production Growth Production Doubled & Costs Lower at Christensen Ranch ✓ During the quarter, production doubled to 65,392 pounds of precipitated uranium and dried and drummed U3O8, produced at a Total Cash Cost per Pound(
Slide 10: Development Advances at the Ludeman Satellite Project
Powder River Basin, Wyoming, Hub-and-Spoke Operations Development Advances at the Ludeman Satellite Project Ludeman Wellfield Construction Underway ✓ Monitoring, injection, and recovery wells in the initial wellfield are under construction. ✓ Engineering for the satellite ion-exchange plant has adva
Slide 11: South Texas Hub-and-Spoke Operations: Burke Hollow Ramp-up
South Texas Hub-and-Spoke Operations Burke Hollow Ramp-up America’s Largest Greenfield ISR Project to Come into Production in Over a Decade ✓ First shipment of uranium-loaded resin from Burke Hollow to Hobson in mid-May. All processes including resin transfer, elution, precipitation, drying and pack
Slide 12: Sweetwater Central Processing Plant
Sweetwater Central Processing Plant Advancing Sweetwater Mill and Properties Accelerating Wellfield Development & Advancing FAST-41 Permitting ✓ The FAST-41 Permitting Dashboard currently anticipates the completion of the Environmental Assessment in March 2027 and approval of the Plan of Operations
Slide 13: World Class Roughrider Project: Pre-Feasibility Progressing
World Class Roughrider Project Pre-Feasibility Progressing Drill Program Completed to Support PFS ✓ Expanded diamond drill program of 36,000 meters completed to support resource conversion and PFS. ✓ Geotechnical drilling for a future tailings management facility was completed. ✓ In August 2026, ent
Slide 14: Breakthrough Year Positioned as America's Only Vertically Integrated Uranium Company
Breakthrough Year Positioned as America’s Only Vertically Integrated Uranium Company ▪ Production Growth with Sustained Low-cost Profile ▪ Scaled Ramp-Up Continues in Texas and Wyoming with Continued Development at Sweetwater and Roughrider ▪ Launch of UR&C with the Goal of Becoming the Only Vertica
Slide 15: 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 16: Appendix
Appendix URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM 16
Slide 17: 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 18: 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 19: Non-GAAP Measures
Non-GAAP Measures This presentation includes reference to "Total Cost per Pound", “Total Cash Cost per Pound” and “Total Non-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 f
Slide 20: Christensen Ranch / Irigaray CPP
Christensen Ranch / Irigaray CPP First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal (in thousands of dollars, except cost per pound) Fiscal 2026 Fiscal 2026 Fiscal 2026 Fiscal 2026 2026 Cash Production Costs A $ 1,612 $ 1,509 $ 1,242 $ 1,348 $ 5,711 Add Production-Based Royalties 101 6
Slide 21: Burke Hollow / Hobson CPP
Burke Hollow / Hobson CPP Fourth Quarter (in thousands of dollars, except cost per pound) and Fiscal 2026 Cash Production Costs A $ 627 Add Production-Based Royalties - Ad Valorem and Severance Tax - Total Production-Based Royalties and Taxes B - Total Cash Costs C=A+B $ 627 Add Depreciation, deplet
Slide 22: Combined Total Production
Combined Total Production Cumulative Since Beginning of (in thousands of dollars, except cost per pound) Fiscal 2026 Fiscal 2025 Fiscal 2025 Cash Production Costs A $ 6,338 $ 2,803 $ 9,141 Add Production-Based Royalties 316 189 505 Ad Valorem and Severance Tax 1,197 599 1,796 Total Production-Based