URANIUM ENERGY CORP ANNOUNCES LAUNCH OF PUBLIC OFFERING

The Company intends to use the net proceeds it receives from the proposed 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. ...