March 10, 2026 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM Disclaimer Forward-Looking Statements: Except for the statements of historical fact contained in this presentation, the information presented in this presentation constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws. They include, among others, statements regarding the Company's expectations for its projects, including future work programs, regulatory approvals and pl ...

Financial Highlights - UEC has a strong balance sheet with $321 million in cash, inventory, and equities at market price as of July 31, 2025[15] - UEC reported $66.8 million in revenue[15] - UEC holds 1.4 million pounds of U₃O₈ in inventory valued at $96.6 million at market prices, excluding approximately 130,000 pounds of initial Wyoming production[15] - UEC anticipates expanding its U S warehoused inventory by another 300,000 pounds through December 2025 purchase contracts at $3705 /lb, in addition to uranium from operations[15] Operational Achievements - UEC produced approximately 130,000 pounds of precipitated uranium and dried and drummed U₃O₈ in Wyoming[10, 28] - The total cost per pound of U₃O₈ was $3641, including a cash cost per pound of $2763 and a non-cash cost per pound of $878, based on 26,421 pounds of dried and drummed U₃O₈ at the end of fiscal 2025[10, 30] - The Burke Hollow ISR project is 90% complete, targeting November 2025 completion, with 615 million lbs Measured and Indicated Resources, and 488 million lbs Inferred resources[10, 35] Resource Base and Growth - UEC has a total resource base of 2301 million lbs U3O8 as Measured & Indicated, 1000 million lbs U3O8 as Inferred, and 175 million lbs Historical[17] - UEC's acquisition of Rio Tinto's Sweetwater Complex adds 41 million pounds U3O8 per year of licensed production capacity and 175 million pounds of historic resources[10, 39] - The Roughrider project has a Post Tax NPV8 of $946 million, an IRR of 40%, and a payback of 14 years, with LOM avg production of 68 M lbs U3O8/yr[23, 44] Strategic Initiatives - UEC launched UR&C with the goal of becoming the only vertically integrated U S company with uranium mining, processing, and planned refining and conversion capabilities[10]