Uranium Energy Corp Closes $26 Million Public Offering

NYSE MKT Equities Exchange Symbol - UEC

CORPUS CHRISTI TX, Jan. 20, 2017 /CNW/ - Uranium Energy Corp. (NYSE MKT: UEC; "UEC" or the "Company") is pleased to announce that it has closed its previously announced public offering of 17,330,836 units of the Company (each, a "Unit"), at a price of $1.50 per Unit, for gross proceeds of approximately $26 million (the "Offering"). Each Unit is comprised of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle its holder to acquire one common share (each, a "Warrant Share") at an exercise price of $2.00 per Warrant Share, exercisable six months following the closing of the Offering and expiring on the third anniversary following the closing of the Offering.

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.

Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, and Haywood Securities Inc., acted as joint book-running managers in connection with the Offering, and Dundee Capital Partners and Sprott Private Wealth LP acted as co-managers.

A "shelf" registration statement relating to the shares of common stock and warrants issued in the Offering was filed in both in the United States with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on January 10, 2014 and in Canada. 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 final prospectus supplement and accompanying prospectus describing the terms of this Offering was filed in both the United States and in Canada. Copies of the final prospectus supplements and the accompanying prospectus relating to the Offering may be obtained from Rodman & Renshaw, a unit of H.C. Wainwright & Co., via email at placements@hcwco.com, and in Canada from Haywood Securities Inc. at ecm@haywood.com. Electronic copies of the final prospectus supplements and accompanying prospectus are also available on the SEC's website at http://www.sec.gov or by visiting the Company's profile on SEDAR at www.sedar.com.

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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