URANIUM ENERGY CORP ANNOUNCES PRICING OF PUBLIC OFFERING

Rhea-AI Summary

Uranium Energy Corp (NYSE American: UEC) priced a public offering of 15,500,000 common shares at $13.15 per share on Oct 3, 2025.

The underwriter has a 30‑day option for up to 2,325,000 additional shares. Closing is expected on Oct 6, 2025, subject to customary conditions. Net proceeds will be used to accelerate development of the company's wholly owned subsidiary United States Uranium Refining & Conversion Corp (UR&C) and for general corporate and working capital purposes. Goldman Sachs & Co. LLC is sole underwriter.

Positive

• Offering raises capital to accelerate UR&C development
• Pricing set at $13.15 per share on Oct 3, 2025
• Underwriter support from Goldman Sachs as sole underwriter

Negative

• Issuance of 15,500,000 shares may dilute existing shareholders
• Underwriter 30‑day option adds up to 2,325,000 potential shares

Insights

Capital Markets Analyst

Equity offering priced: 15,500,000 shares at $13.15 per share; closing expected Oct. 6, 2025.

This raises gross proceeds of $203.825M before exercise of the underwriter option and fees (15,500,000 x $13.15). The offering includes a 30-day option for an additional 2,325,000 shares.

What it means: the company is issuing new equity to fund a specific capital program and general working capital, which increases share count and provides near-term liquidity.

Why it matters: the concrete closing date (Oct. 6, 2025) creates a clear near-term financing event to monitor; market participants should note dilution impact and the stated use of proceeds when assessing capital allocation.

Project Development Specialist

Proceeds earmarked to accelerate the new U.S. refining and conversion facility via wholly owned UR&C.

What it means: funds are directed to a capital-intensive development program at the company’s UR&C subsidiary rather than to an acquisition or debt repayment.

Why it matters: dedicating proceeds to a single, stated facility ties this financing directly to execution risk and timelines for that project; the press release gives no budget, milestones, or cost breakdown, so progress metrics remain undefined.

Monitorable item: closing is expected on Oct. 6, 2025, which is the near-term event that will determine when proceeds become available.

NYSE American: UEC

Proceeds to be Used to Accelerate the Development of the United States Uranium Refining & Conversion Corp

CORPUS CHRISTI, Texas, Oct. 3, 2025 /PRNewswire/ - Uranium Energy Corp. (NYSE American: UEC) (the "Company" or "UEC") announced today the pricing of a public offering of 15,500,000 shares of common stock at a price of $13.15 per share (the "Offering"). In connection with the Offering, the Company has granted the underwriter a 30-day option to purchase up to an additional 2,325,000 shares of its common stock.

The closing of the Offering is expected to occur on October 6, 2025 subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds it receives from the Offering to accelerate the development of a new, state-of-the-art American uranium refining and conversion facility through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp. ("UR&C"), as well as for general corporate and working capital purposes.

Goldman Sachs & Co. LLC is acting as the sole underwriter for the Offering.

The Company has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission ("SEC") which became automatically effective upon filing on November 16, 2022. The Offering is being made solely by means of a prospectus and a prospectus supplement that form a part of the registration statement. A copy of the preliminary prospectus supplement and accompanying prospectus relating to this Offering has been filed with the SEC. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this Offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Copies of the final prospectus supplement, when available, and accompanying prospectus relating to the Offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ny.email.gs.com. 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. UEC is advancing the next generation of low-cost, environmentally friendly ISR mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has three ISR hub-and-spoke platforms in South Texas and Wyoming. These production platforms are anchored by licensed Central Processing Plants that will be served by a pipeline of satellite ISR projects, including seven that already have their major permits in place. In August 2024, operations were restarted and ramp-up commenced at the Christensen Ranch Project in Wyoming, sending uranium loaded resin to the Irigaray Plant (Wyoming Powder River Basin hub). Additionally, the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only uranium royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects. The Company's UR&C initiative aims at positioning UEC as the only vertically integrated U.S. uranium company with mining and processing operations and planned refining and conversion capabilities. The Company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to future events. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would," and "outlook," or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are based on current expectations, estimates, beliefs and assumptions, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of the future and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including those more fully described in the Company's filings with the SEC, including those set forth in the registration statement for the Offering and the preliminary prospectus supplement, as filed with the SEC. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances that occur after the date of this press release, except as required by law.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

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SOURCE Uranium Energy Corp

FAQ

What did UEC announce in the Oct 3, 2025 offering?

UEC priced 15,500,000 common shares at $13.15 per share.

How many additional shares can underwriters purchase in the UEC offering?

The underwriter has a 30‑day option to buy up to 2,325,000 additional shares.

When is the closing date for UEC's public offering?

The offering closing is expected to occur on Oct 6, 2025, subject to conditions.

What will UEC use the net proceeds from the Oct 2025 offering for?

To accelerate development of United States Uranium Refining & Conversion Corp and for general corporate and working capital purposes.

Who is underwriting the UEC public offering?

Goldman Sachs & Co. LLC is acting as the sole underwriter.

Where can investors find UEC's prospectus for the offering?

The prospectus and supplement are filed with the SEC and available on EDGAR at www.sec.gov.