Uranium Energy Corp Announces Results of Annual General Meeting
Uranium Energy Corp (NYSE American: UEC) held its annual general meeting on July 30, 2020. Key outcomes included the election of six board members, the appointment of PricewaterhouseCoopers as the independent accounting firm, approval of the 2020 Stock Incentive Plan, and executive compensation. Following the meeting, Amir Adnani was re-appointed as President and CEO, with Pat Obara and Scott Melbye also retaining their roles. The company is engaged in uranium mining and exploration with operations primarily in South Texas and Wyoming.
- Successful election of board members could enhance governance.
- Appointment of a reputable accounting firm like PricewaterhouseCoopers may bolster investor confidence.
- Approval of the 2020 Stock Incentive Plan aligns management incentives with shareholder interests.
- None.
CORPUS CHRISTI, Texas, July 31, 2020 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC, the "Company" or "UEC") is pleased to announce that, in conjunction with the holding of the Company's recent annual general meeting of stockholders on July 30, 2020, the following matters were duly ratified by the Company's stockholders and have now been implemented by the Board of Directors in the following manner:
- Amir Adnani, Spencer Abraham, Vincent Della Volpe, David Kong, Ganpat Mani and Gloria Ballesta were elected to the Board of Directors of the Company;
- PricewaterhouseCoopers LLP, Chartered Professional Accountants, were appointed as the Company's independent registered accounting firm;
- the Company's 2020 Stock Incentive Plan was approved;
- the Company's executive compensation was approved; and
- the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company immediately following the AGM:
Amir Adnani: President and Chief Executive Officer;
Pat Obara: Secretary, Treasurer and Chief Financial Officer; and
Scott Melbye: Executive Vice President.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and exploration company. In South Texas, the Company's hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, UEC controls the Reno Creek project which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and one of the highest-grade and largest undeveloped Ferro-Titanium deposits in the world, located in Paraguay. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
Stock Exchange Information:
NYSE American: UEC
+Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.
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SOURCE Uranium Energy Corp
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