Uranium Energy Corp. Announces Public Offering to Raise $10 Million

NYSE MKT Equities Exchange Symbol - UEC

CORPUS CHRISTI, TX, Jan. 13, 2017 /CNW/ - Uranium Energy Corp. (NYSE MKT: UEC; "UEC" or the "Company") is pleased to announce a underwritten public offering (the "Offering") of units of the Company (the "Units") at a price of $1.50 per Unit, with each Unit being comprised of one common share of the Company (each, a "Share") and oneā€half of one common share purchase warrant (each whole warrant, a "Warrant") to raise up to $10 Million. Each Warrant will entitle the holder to acquire one common share (each, a "Warrant Share") at a price per Warrant Share of $2.00 exercisable six months from and expiring on the third anniversary from closing.

The Company anticipates that the net proceeds of the Offering will be used to fund exploration and development expenditures at the Company's projects and for general corporate and working capital purposes.

The closing of the Offering is expected to occur on January 20th, 2017.

Uranium Energy will host an investor conference call today, Friday, January 13, 2017, at 5:00PM EST, to discuss the proposed public offering. The conference call can be accessed at:


Call Agenda:

The following members of the UEC team will lead the call:

1. Mr. Spencer Abraham, Executive Chairman and former US Secretary of Energy, will provide an overview of the anticipated energy policies of President Elect Donald J. Trump and the incoming Congress and the positive implications for U.S. nuclear power and uranium mining.

2. Mr. Amir Adnani, CEO and President, will provide an overview of the Company's recent developments, asset base and project pipeline in the U.S. and South America.

3. Mr. Scott Melbye, Executive Vice President of UEC and Senior Advisor to the world's largest uranium mining company Kazatomprom, will provide insight into this week's news of reduced production from Kazakhstan and discuss global trends for uranium in 2017

Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC and Haywood Securities Inc. are acting as Joint Bookrunners in connection with the Offering.

A "shelf" registration statement relating to the shares of common stock and warrants to be issued in the proposed Offering was filed with the Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on January 10, 2014. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed Offering has been filed with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained from Rodman & Renshaw, a unit of H.C. Wainwright & Co., via email at placements@hcwco.com, and in Canada by from Haywood Securities Inc. at ecm@haywood.com. Electronic copies of the preliminary prospectus supplement and accompanying prospectus are also be available on the SEC's website at http://www.sec.gov.

This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the prospectus or the Company's shelf registration statement.

About Uranium Energy Corp

Uranium Energy Corp, is a U.S.-based uranium mining and exploration company. The Company's fully-licensed Hobson processing facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project. Additionally, the Company controls a pipeline of advanced-stage projects in Arizona, Colorado and 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:
Frankfurt Stock Exchange Symbol: U6Z

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