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For the fiscal year ended July 31, 2023

 

 

 

URANIUM ENERGY CORP.
(Exact name of registrant as specified in its charter)

 

 

 

 

(Address of principal executive offices)

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Securities registered pursuant to Section 12(g) of the Act:

 

N/A
(Title of class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ☒ No ☐

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes ☐ No ☒

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

 

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

 

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.  ☐

 

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).  ☐

 

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☐ No ☒

 

The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter ($4.03 on January 31, 2023) was approximately $1,479,408,555.

 

The registrant had 385,848,443 shares of common stock outstanding as of September 28, 2023.

 

 

 

 

 

Item 15 of the Original Report has been amended to contain: (i) currently dated certifications as specified in Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), from the Company’s Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial Officer), as required pursuant to Rule 12b-15 under the Exchange Act, attached as Exhibits 31.1 and 31.2 to this Form 10-K/A; (ii) currently dated consents of each of the qualified person authors to each of the Technical Report Summaries filed with or incorporated by reference in this Form 10-K/A, attached as Exhibits 23.2 through 23.14 to this Form 10-K/A; and (iii) the S-K 1300 Technical Report Summary 2024 Technical Report on the Horseshoe-Raven Project, Saskatchewan, dated March 1, 2024, attached as Exhibit 96.4 to this Form 10-K/A.

 

Except as expressly set forth herein, this Form 10-K/A does not reflect events occurring after the date that the Original Report was filed or modifies or updates any other of the other disclosures contained therein in any way other than as required to reflect the amendments discussed above. The remainder of the Original Report filed with the SEC on September 29, 2023, remains unchanged.

 

 

 

 

 

 

 

Figure 2.1 – Portfolio Overview of Significant Properties

 

 

 

The Company is engaged in conventional and in situ recovery (ISR) uranium extraction and recovery, along with the exploration, permitting and evaluation of uranium properties in the United States, the Republic of Paraguay, and Canada.

 

 

 

Table 2.1 - Location, Ownership Interest, Operator, Stage, Mining Method, and Mineralization Style Summary of Uranium Projects

 

 

 

 

 

 

 

Table 2.2 – Titles, Mineral Rights, Leases, and Acreage Summaries

 

 

 

 

 

 

 

Table 2.3 – Permit Status and Conditions

 

 

 

 

 

 

 

 

 

 

Table 2.4 – Processing Plants and other Facilities

 

 

 

Below is a table setting out our summary disclosure of current measured, indicated, and inferred mineral resource estimates. Details regarding the mineral resource estimate disclosed herein can be found in Section 11, Mineral Resource Estimates, of each relevant TRS.

 

Table 2.5 – Mineral Resources

 

 

Notes:

 

 

 

Table 2.6 – Year over Year Changes in Mineral Resources

 

UEC has recently completed updated mineral resource and reserve updates on the company’s material properties and presently does not have projects in production. As such, there were no changes to stated resources between fiscal year 2022 and 2023.