false
0001334933
0001334933
2024-05-01
2024-05-01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 1, 2024
Date of Report (Date of earliest event reported)
URANIUM ENERGY CORP.
(Exact name of registrant as specified in its charter)
Nevada 001-33706 98-0399476
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
500 North Shoreline, Ste. 800, 78401
Corpus Christi
,
Texas
, U.S.A.
(U.S. corporate headquarters) (Zip Code)
1830 V6E 4A2
-
1188 West Georgia Street
Vancouver, British Columbia, Canada
(Canadian corporate headquarters) (Zip Code)
(Address of principal executive offices)
(
361
)
888-8235
(Registrant's telephone number, including area code)
Not applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol (s) Name of each exchange on which registered
Common Stock UEC NYSE
American
Indicate by check mark whether the registrant is an emerging growth company as
defined in as defined in Rule 405 of the Securities Act of 1933 (Section
230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(Section 240.12b-2 of this chapter).
Emerging growth company
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.
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Item 7.01 Regulation FD Disclosure
On May 1, 2024 Uranium Energy Corp. (the "Company" or "UEC") issued a news
release to applaud last night's vote by the United States Senate for passing
H.R. 1042, a bill to ban Russian uranium imports into the United States, by
unanimous consent. The House of Representatives passed the bill in December of
2023.
Senator Barrasso of Wyoming stated: "I have fought for years to end America's
reliance on Russian nuclear fuel. Our efforts have finally paid off with
passage of our bill to ban these imports once and for all. Wyoming has the
uranium to replace Russian imports, and we're ready to use it. Our bipartisan
legislation will help defund Russia's war machine, revive American uranium
production, and jumpstart investments in America's nuclear fuel supply chain.
This is a tremendous victory. I'm grateful to members of both parties for
helping get this over the finish line."
Senator Manchin of West Virgina stated: "It is unconscionable for the United
States of America, as the superpower of the world, to contribute to Vladimir
Putin's ability to finance his unlawful war against Ukraine through our
reliance on Russia for the uranium we need to power our nuclear reactors. I am
proud to have worked on this legislation with Ranking Member Barrasso to put
an end to Russian uranium imports, which simultaneously unlocks $2.72 billion
to ramp up domestic uranium fuel production. Building on initiatives I worked
to include in the Energy Act of 2020, the Bipartisan Infrastructure Law, and
the Inflation Reduction Act, this legislation is one more critical step toward
reshoring our nuclear supply chains."
Amir Adnani, President and CEO stated: "We thank both chambers of Congress for
passing this bipartisan bill that demonstrates the U.S. commitment to nuclear
energy, the carbon free energy source that powers one in every five homes in
America. Upon enactment, this will strengthen United States energy and
national security, ending an untenable reliance on Russian uranium imports.
This new law, in conjunction with the recently passed Nuclear Fuel Security
Act, creates a firm foundation for long-term growth of the U.S. uranium
industry to supply the fuel that powers American households, data centers, and
industrial base with clean baseload power. As the fastest growing U.S. uranium
company, we are delighted to have this exciting backdrop along with positive
global uranium market fundamentals and advance to re-start uranium production
in Wyoming this August, followed by the resumption of our South Texas
operations next year."
A copy of the news release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
99.1 News Release dated May 1, 2024.
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
URANIUM ENERGY CORP.
DATE: May 1, 2024. By: /s/
Pat Obara
Pat Obara, Secretary and
Chief Financial Officer
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- 3 -
Exhibit 99.1
NYSE American:
UEC
Uranium Energy Corp Applauds the U.S. Senate on Passing a
Bipartisan Bill to Ban Russian Uranium Imports
Corpus Christi, TX, May 1, 2024 - Uranium Energy Corp
(NYSE American: "UEC" or the "Company") applauds last night's vote by the
United States Senate for passing H.R. 1042, a bill to ban Russian uranium
imports into the United States, by unanimous consent. The House of
Representatives passed the bill in December of 2023.
Senator Barrasso of Wyoming stated: "I have fought for years to end America's
reliance on Russian nuclear fuel. Our efforts have finally paid off with
passage of our bill to ban these imports once and for all. Wyoming has the
uranium to replace Russian imports, and we're ready to use it. Our bipartisan
legislation will help defund Russia's war machine, revive American uranium
production, and jumpstart investments in America's nuclear fuel supply chain.
This is a tremendous victory. I'm grateful to members of both parties for
helping get this over the finish line."
Senator Manchin of West Virgina stated: "It is unconscionable for the United
States of America, as the superpower of the world, to contribute to Vladimir
Putin's ability to finance his unlawful war against Ukraine through our
reliance on Russia for the uranium we need to power our nuclear reactors. I am
proud to have worked on this legislation with Ranking Member Barrasso to put
an end to Russian uranium imports, which simultaneously unlocks $2.72 billion
to ramp up domestic uranium fuel production. Building on initiatives I worked
to include in the Energy Act of 2020, the Bipartisan Infrastructure Law, and
the Inflation Reduction Act, this legislation is one more critical step toward
reshoring our nuclear supply chains."
Amir Adnani, President and CEO stated: "We thank both chambers of Congress for
passing this bipartisan bill that demonstrates the U.S. commitment to nuclear
energy, the carbon free energy source that powers one in every five homes in
America. Upon enactment, this will strengthen United States energy and
national security, ending an untenable reliance on Russian uranium imports.
This new law, in conjunction with the recently passed Nuclear Fuel Security
Act, creates a firm foundation for long-term growth of the U.S. uranium
industry to supply the fuel that powers American households, data centers, and
industrial base with clean baseload power. As the fastest growing U.S. uranium
company, we are delighted to have this exciting backdrop along with positive
global uranium market fundamentals and advance the re-start of uranium
production in Wyoming this August, followed by the resumption of our South
Texas operations next year."
About Uranium Energy Corp
Uranium Energy Corp is the fastest growing supplier of the fuel for the green
energy transition to a low carbon future. UEC is the largest, diversified
North American focused uranium company, advancing the next generation of
low-cost, environmentally friendly In-Situ Recovery ("ISR") uranium projects
in the United States and high-grade conventional projects in Canada. The
Company has two production-ready ISR hub and spoke platforms located in South
Texas and Wyoming. These two production platforms are anchored by fully
operational central processing plants and served by seven U.S. ISR uranium
projects with all their major permits in place. Additionally, the Company has
diversified uranium holdings including: (1) one of the largest physical
uranium portfolios of North American warehoused U
3
O
8
; (2) a major equity stake in Uranium Royalty Corp., the only royalty company
in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium
projects. The Company's operations are managed by professionals with decades
of hands-on experience in the key facets of uranium exploration, development
and mining.
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For additional information, please contact:
Uranium Energy Corp.
-
Investor Relations
Toll Free:
(866) 748-1030
Fax:
(361) 888-5041
E-mail:
info@uraniumenergy.com
X (formerly known as Twitter): @UraniumEnergy
Stock Exchange Information:
NYSE American:
UEC
WKN:
A
O
JDRR
ISN:
US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information
presented in this news release constitutes "forward-looking statements" as
such term is used in applicable United States and Canadian securities laws.
These statements relate to analyses and other information that are based on
forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. Any other statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often,
but not always, using words or phrases such as "expects" or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans, "estimates" or
"intends", or stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved) are not statements
of historical fact and should be viewed as "forward-looking statements". Such
forward looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. Such
risks and other factors include, among others, the actual results of
exploration activities, variations in the underlying assumptions associated
with the estimation or realization of mineral resources, the availability of
capital to fund programs and the resulting dilution caused by the raising of
capital through the sale of shares, accidents, labor disputes and other risks
of the mining industry including, without limitation, those associated with
the environment, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction activities,
title disputes or claims limitations on insurance coverage. Although the
Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. Many of
these factors are beyond the Company's ability to control or predict. There
can be no assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release and in any document
referred to in this news release. Important factors that may cause actual
results to differ materially and that could impact the Company and the
statements contained in this news release can be found in the Company's
filings with the Securities and Exchange Commission. For forward-looking
statements in this news release, the Company claims the protection of the safe
harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company assumes no obligation to update or
supplement any forward-looking statements whether as a result of new
information, future events or otherwise. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy securities.
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