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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Fiscal 2026 Results September 29, 2026 AMERICA’S LARGEST & FASTEST GROWING URANIUM COMPANY Building America’s Only Vertically Integrated Fuel Supply Chain, from Mining through Conversion to Support U.S. Enrichment
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM 2 Disclaimer References to the “Company” and “UEC” herein are to Uranium Energy Corp. Unless otherwise specified, all references to dollar amounts are to United States dollars. Figures may not add up due to rounding. 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, the Company’s expectations for its projects, including proposed studies, anticipated regulatory approvals and planned development and ramp-up activities; expectations regarding uranium markets and demand; the proposed pre-feasibility study at Roughrider; the Company’s plans and goals respecting United States Uranium Refining & Conversion Corp. and the proposed development of refining and conversion capabilities; and the impacts of governmental initiatives on the Company. 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. These risks and uncertainties may include, among others: proposed exploration and development activities may not be completed or, if completed, may not produce anticipated results; variations in the underlying assumptions associated with the estimation or realization of mineral resources; the availability of necessary capital; accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes or claims limitations; any deterioration in political support for nuclear energy or uranium mining; changes in government regulations and policies; changes in demand for nuclear power; weather and other natural phenomena; and the other risk factors set forth in the Company’s most recent annual report on Form 10-K and its other filings with the Securities and Exchange Commission (the “SEC”), available under its profile at www.sec.gov. 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 presentation and in any document referred to in this presentation. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Mineral Resources and Other Technical Information: All mineral resource estimates disclosed herein have been prepared in accordance with the mining disclosure requirements of the SEC under subpart 1300 of Regulation S-K (“S-K 1300”). For further information regarding such estimates, please refer to our most recent annual report on Form 10-K and the technical report summaries referenced herein and therein. The estimation of mineral resources involves greater uncertainty as to their existence and economic feasibility than the estimation of mineral reserves, and therefore investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources, and therefore it cannot be assumed that all or any part of inferred resources will ever be upgraded to a higher category. Market and Industry Data: Certain information in this presentation regarding the industry and market data has been obtained from publicly available information and third-party industry reports. Such reports generally state that the information contained therein has been obtained from sources believed to be reliable, but the accuracy or completeness of such information is not guaranteed. We have not independently verified or cannot guarantee the accuracy or completeness of that information and investors should use caution in placing reliance on such information. Nothing in this presentation is to be construed as an offer to sell, or a solicitation of an offer to buy securities of the Company.
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM 3 Fiscal Year 2026 Results (1) As of July 31, 2026. Liquid assets consist of cash and equity securities and uranium inventories based on market values a nd does not include in-process inventory and uranium concentrates from extraction at the Irigaray CPP and Hobson CPP. Market values for securities are based on applicable closing prices on July 31, 2026 and uranium inventories are based on the spot price quoted from UxC at ConverDyn on such date. Transformational Year Establishing UEC as a Multi-Mine U.S. Uranium Producer Unhedged Strategy Delivered Peer Leading Realized Price of $93.13 per Pound $753 Million in Liquid Assets(1) and No Debt Advancing the Largest Uranium Resource Base in the U.S. Building America's Only Vertically Integrated Uranium Company, from Mining and Processing to Planned Refining and Conversion Fourth Quarter Production Up More Than 150% with Significantly Improved Economies of Scale
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Production Increased By 157%; Costs Down 33% • Fourth quarter combined production totaled 82,744 pounds of precipitated uranium and dried and drummed U3O8, up from 32,195 pounds in the prior quarter, at a Total Cash Cost per Pound(1) of $30.01 and a Total Cost per Pound(1) of $36.54 Production Doubled at Christensen Ranch • Quarterly production doubled to 65,392 pounds of precipitated uranium and dried and drummed U3O8 • Costs lower with Total Cash Cost per Pound of $28.38 and Total Cost per Pound of $35.63 Burke Hollow Ramp-Up Underway • First full quarter produced 17,352 pounds of precipitated uranium and dried and drummed U3O8 at Total Cash Cost per Pound of $36.13 and Total Cost per Pound of $39.93 First Full Year of Production Maintained Low Costs • Combined Total Cash Cost per Pound of $34.24 and Total Cost per Pound of $39.94 • 229,294 pounds of precipitated uranium and dried and drummed U3O8 produced in fiscal 2026 and a total of 359,260 pounds since commissioning Strong Development Pipeline • Ludeman wellfield construction underway • Sweetwater North identified strong mineralization trends, supporting continued delineation • Roughrider expanded diamond drilling program of 36,000 meters completed Advancement of UR&C • Began preparation for U.S. NRC license application • Completed core execution plans, built a dedicated 63-member project team and progressed site selection URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY .COM 4 Corporate Highlights (1) Total Cost per Pound and Total Cash Cost Per Pound are not measures of financial performance under accounting principles generally accepted in the United States ("GAAP") and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. See “Non-GAAP Measures” on slide 19.
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$753 M Liquid Assets(1) • Includes $495 million of cash • Robust Balance Sheet, with no debt $93.13/lb Peer Leading Realized Price • Revenue of $37.3 million and gross profit of $16.9 million for fiscal 2026 • 400,000 pounds sold at a weighted average realized price of $93.13 per pound, which the Company believes to be the highest among publicly traded uranium producers URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY .COM 5 Fiscal 2026 Financial Highlights 1.26 M Pounds of U₃O₈ in inventory(1) • Valued at $109 million at current market prices • Inventory excludes 359,260 pounds of precipitated uranium and dried and drummed U3O8 at our Irigaray & Hobson CPPs (1) As of July 31, 2026. Liquid assets consist of cash and equity securities and uranium inventories based on market values a nd does not include in-process inventory and uranium concentrates from extraction at the Irigaray CPP and Hobson CPP. Market values for securities are based on applicable closing prices on July 31, 2026 and uranium inventories are based on the spot price quoted from UxC at ConverDyn on such date.
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Uranium Policy Developments Government Demand Accelerating for Unobligated U.S.-Origin U3O8 6 • National Nuclear Security Administration RFI signals long-term demand: ~4M lbs U₃O₈ and 1,500 MTU conversion annually through the 2040s, with deliveries targeted from ~2030 • U.S. Army Janus microreactor program adds demand: Up to $2.2B awarded across five microreactor developers, with 20+ reactors expected to be deployed The growing U.S. Government demand for unobligated U.S.-origin uranium and conversion services highlights UEC’s distinct positioning as a leading domestic supplier and the only company pursuing a vertically integrated fuel cycle solution.
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United States Uranium Refining & Conversion Corp Positioning UEC as the only vertically integrated U.S. company from U3O8 to UF6 ✓ Advancing toward a Class IV cost estimate expected mid-2027 ✓ Preparing U.S. Nuclear Regulatory Commission license application ✓ Completed core execution plans, built a combined dedicated project team with Fluor of 63 professionals and progressed site selection ✓ U.S. technology to meet government requirements for unobligated U.S.-origin uranium 7 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY .COM 66.2 M lbs. M&I & 15.1 M lbs. Inferred U3O8 resources(2) 12.96 M lbs. M&I & 9.95 M lbs. Inferred U3O8 resources 175 M lbs. Pounds U3O8 Historical(3) $1B Post Tax NPV (4) PEA 8 • 4 M lbs./yr Licensed Production Capacity • 17 Satellite Sites • 4 Permitted Satellite Projects • 4 M lbs./yr Licensed Production Capacity • 5 Satellite Sites • 3 Permitted Satellite Projects • 4.1 M lbs./yr Licensed Production Capacity • 3 Permitted Projects • 108kAcres of ProspectiveLand • 42% IRR & Payback of 1.4 years • AISC $20.48/lb U3O8 • LOM annual production 6.8M lbs(3)(4) Four Production Growth Pillars Scalable Hub-and-Spoke Platforms with Robust Development Portfolio(1) Irigaray Central Processing Plant Hobson Central Processing Plant Sweetwater Central Processing Plant Roughrider Project 8 Christensen Ranch In Production $421M EBITDA at $90/lb U3O8 $730M EBITDA at $150/lb U3O8 (1) See slide 40 for a summary of resource estimates. Readers should review the applicable technical report summary, as identified on our recent Annual Report on form 10-K, for important information on each project. (2) The Wyoming production of approximately 276,516 pounds as of April 30, 2026 has not been deducted from estimate (3)Based upon internal studies and other historic data prepared by prior owners in regards to the projects and dated between 1984 and 2019. Such estimates are being treated by the Company as historicalin nature and a qualified person has not done sufficient work to classify the historical estimates as current mineral resources. Historic estimates disclosed for illustrative purposes only and to provide readers with relevant information regarding the projects. Such estimates were not prepared under S-K 1300 standards. (4) The assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have modifying factors applied to them that would enable them to be categorized as mineral reserves and there is no certainty that this economic assessment will be realized. Burke Hollow In Production U.S. ISR Operations U.S. ISR Operations U.S. ISR & Conventional Development Canadian Conventional Development Future Major Production Center ISR & Conventional
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Irigaray CPP, Wyoming Christensen Satellite Plant Interior Irigaray CPP Interior, North and South Elution Circuits Drummed Uranium at Christensen Ranch 9 Production Expanded at Irigaray CPP Expanding Christensen Ranch for Continued Production Growth ✓ During the quarter, production doubled to 65,392 pounds of precipitated uranium and dried and drummed U3O8, produced at a Total Cash Cost per Pound(1) of $28.38 and Total Cost per Pound(1) of $35.63, down by 35% from $54.61 in the prior quarter. ✓ Increased production due to the startup of the three new header houses approved late in the prior quarter. ✓ On September 28, 2026, final regulatory approvals were issued for four header houses. Production is expected to commence at these newly approved header houses in the coming weeks. ✓ Currently, three additional header houses are under construction. (1) Total Cost per Pound and Total Cash Cost Per Pound are not measures of financial performance under GAAP and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. See “Non-GAAP Measures” on slide 19. Production Doubled & Costs Lower at Christensen Ranch
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM 10 Powder River Basin, Wyoming, Hub-and-Spoke Operations Development Advances at the Ludeman Satellite Project ✓ Monitoring, injection, and recovery wells in the initial wellfield are under construction. ✓ Engineering for the satellite ion-exchange plant has advanced with the procurement of longer lead-time equipment. Civil engineering for the plant pad was completed. ✓ 9.7 Million lbs. Measured and Indicated Resources, and 1.3 Million lbs. Inferred resources.(1) Ludeman Wellfield Construction Underway (1) See slide 17 for a summary of resource estimates. Readers should review the applicable technical report summary, as identified on our recent Annual Report on Form 10-K, for important information on each project. Engineering of Ion-Exchange Plant Advances Ludeman Drilling Ludeman Drilling
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY .COM South Texas Hub-and-Spoke Operations Burke Hollow Ramp-up ✓ First shipment of uranium-loaded resin from Burke Hollow to Hobson in mid-May. All processes including resin transfer, elution, precipitation, drying and packaging in the Hobson CPP have been commissioned. ✓ Produced 17,352 pounds of precipitated uranium and dried and drummed U3O8 at a Total Cash Cost per Pound(1) of $36.13 and a Total Cost per Pound(1) of $39.93. ✓ Production activity was limited to a small section of the first production area at Burke Hollow, consisting of 126 injection and recovery wells that were brought online to establish optimal operating parameters. ✓ 6.15 Million lbs. Measured and Indicated Resources, and 4.88 Million lbs. Inferred resources(2). Drill Rig at Burke Hollow Resin Truck at Burke Hollow Burke Hollow Satellite Site Burke Hollow Satellite Site 11 America’s Largest Greenfield ISR Project to Come into Production in Over a Decade (1) Total Cost per Pound and Total Cash Cost Per Pound are not measures of financial performance under GAAP and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. See “Non-GAAP Measures” on slide 19. (2) See slide 17 for a summary of resource estimates. Readers should review the applicable technical report summary, as identified on our recent Annual Report on Form 10-K, for important information on each project.
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Sweetwater Central Processing Plant Advancing Sweetwater Mill and Properties ✓ The FAST-41 Permitting Dashboard currently anticipates the completion of the Environmental Assessment in March 2027 and approval of the Plan of Operations in May 2027. ✓ Environmental baseline studies were largely completed during the quarter. ✓ Drilling in the Sweetwater North area identified mineralization trends that support continued delineation. Additional drilling is planned in the first quarter of fiscal 2027 to advance wellfield design for the first two production areas. ✓ The Company continues to advance the refurbishment requirements for the Sweetwater Mill for both conventional and ISR operations. 12 Accelerating Wellfield Development & Advancing FAST-41 Permitting URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY .COM Drill Rig at Sweetwater Drill Rig at Sweetwater Sweetwater Facilities
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World Class Roughrider Project Pre-Feasibility Progressing (1) The assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geolo gically to have modifying factors applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that this economic assessment will be realized. (2) Please refer to the technical report summary titled “S -K 1300 Initial Assessment Report – Roughrider Uranium Project Saskatchewan, Canada” dated November 6, 2024, a copy of which is available under UEC’s profile at www.sec.gov, for further details, including important information regarding the assumptions, methodology and other matters underlying the initial economic study. ✓ Expanded diamond drill program of 36,000 meters completed to support resource conversion and PFS. ✓ Geotechnical drilling for a future tailings management facility was completed. ✓ In August 2026, entered into a Definition Study Agreement with Saskatchewan Power Corporation to advance engineering, environmental assessment and community engagement work specifically for the connection of a high- voltage transmission line to the Roughrider Project. ✓ Initial Economic Assessment demonstrated industry leading financial returns in the Eastern Athabasca Basin, including $946 million Post Tax NPV8, 40% IRR, payback of 1.4 years(1,2) 13 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Drill Program Completed to Support PFS
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Breakthrough Year Positioned as America’s Only Vertically Integrated Uranium Company ▪ Production Growth with Sustained Low-cost Profile ▪ Scaled Ramp-Up Continues in Texas and Wyoming with Continued Development at Sweetwater and Roughrider ▪ Launch of UR&C with the Goal of Becoming the Only Vertically Integrated U.S. Uranium Company ▪ Robust Financial Position with $753 Million(1) in Liquid Assets, including Cash of $495 Million and No Debt ▪ Peer Leading Realized Sales Price of $93.13 per Pound ▪ Revenue of $37.3 million and Gross Profit of $16.9 Million for Fiscal 2026 ▪ Sector Tailwinds from U.S. Nuclear Policy Momentum and Growing Government Demand for Unobligated U.S.-Origin Uranium 14 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM (1) As of July 31, 2026. Liquid assets consist of cash and equity securities and uranium inventories based on market values and does not include in-process inventory and uranium concentrates from extraction at the Irigaray CPP and Hobson CPP. Market values for securities are based on applicable closing prices on July 31, 2026 and uranium inventories are based on the spot price quoted from UxC at ConverDyn on such date.
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM URANIUM ENERGY CORP Toll Free: (866) 748-1030 info@uraniumenergy.com www.uraniumenergy.com Corporate Office 500 North Shoreline Ste. 800N Corpus Christi, TX 78401 Tel: (361) 888-8235 Fax: (361) 888-5041 President and CEO: Amir Adnani Executive Vice President Scott Melbye Investor Relations: Bruce J. Nicholson, CFA UEC: NYSE American
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Appendix 16
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM UEC U.S. and Paraguay Resource Summary(1) (1) Note to Investors. Measured, Indicated and Inferred Resources are estimated in accordance with SEC SK -1300 (*) Weighted averages (**) The foregoing historical resource estimates were completed prior to the implementation of SK -1300. A qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resources, and the estimate should not be relie d upon. (2) Exploration Target: is a statement or estimate of the exploration potential of a mineral deposit in a defined geolog ical setting where the statement or estimate, quoted as a range of tonnage and a range of grade (or quality), relates to mineralization for which there has been insufficie nt exploration to estimate a mineral resource. (3) Does not include in-process inventory and uranium concentrates from extraction at the CPP. PROJECTS Measured Resources Indicated Resources M+I Inferred Exploration Target Historic** Tons ('000) Grade (% U3O8) lbs. U3O8 ('000) Tons ('000) Grade (% U3O8) lbs. U3O8 ('000) lbs. U3O8 ('000) Tons ('000) Grade (% U3O8) lbs. U3O8 ('000) Tons ('000) Grade (% U3O8) lbs. U3O8 ('000) Tons ('000) Grade (% U3O8) lbs. U3O8 ('000) ARIZONA Anderson 16,175 0.099 32,055 32,055 Los Cuatros 30,000 0.02 12,000 Workman Creek 1,981 0.113 4,459 NEW MEXICO Dalton Pass 2,530 0.09 4,430 C de Baca 500 WYOMING Reno Creek 14,990 0.043 12,920 16,980 0.039 13,070 25,990 1,920 0.039 1,490 Irigaray 3,881 0.076 5,899 5,899 104 0.068 141 Christensen Ranch(3) 6,555 0.073 9,596 9,596 0 Moore Ranch 2,675 0.06 3,210 3,210 46 0.047 44 Ludeman 2,674 0.091 5,017 2,660 0.088 4,697 9,714 866 0.073 1,258 Allemand-Ross 246 0.083 417 32 0.066 42 459 1,275 0.098 2,496 Barge 4,301 0.051 4,361 4,361 0 Jab/West Jab 1,621 0.073 2,335 253 0.077 392 2,727 1,402 0.06 1,667 Charlie 1,255 0.12 3,100 3,100 411 0.12 988 Clarkson Hill 0 957 0.06 1,113 Nine Mile Lake 0 3,405 0.04 4,308 Red Rim 337 0.17 1,142 1,142 473 0.16 1,539 Remaining Wyoming District 72,476 TEXAS Burke Hollow(3) 581 0.086 964 3,329 0.083 5,191 6,155 2,596 0.104 4,883 3,000 to 6,000 0.03 to 0.06 1,800 to 7,200 Goliad 1,595 0.053 2,668 1,504 0.102 3,492 6,160 333 0.195 1,224 La Palangana 232 0.134 643 643 302 0.18 1,001 Salvo 1,200 0.08 2,839 PARAGUAY Yuty 9,074 0.050 8,962 8,962 2,733 0.04 2,203 Oviedo 0 28,900 to 53,800 0.04 to 0.05 23,100 to 56,000 TOTALS 24,382 27,531 66,568 92,642 120,173 20,004 31,639 31,900 to 69,800 0.04 to 0.06 24,900 to 63,200 32,530 0.1* 89,406 17
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Canadian Attributable Resource Summary S-K 1300 Resources (1) Project Indicated Resources Inferred Resources Tonnes (000's) Grade (% U3O8) M lbs. U3O8 Tonnes (000's) Grade (% U3O8) M lbs. U3O8 Roughrider 699 1.81 27.86 619 2.45 33.38 Christie Lake - - - 488 1.57% 16.84 Horseshoe-Raven 10,353 0.16% 37.43 - - - Shea Creek 1,009 1.49% 33.18 616 1.01% 13.78 Millennium 217 2.39% 11.42 62 3.19% 4.36 Total 12,278 0.41% 109.89 1,785 1.74% 68.36 (1) Note to Investors. The mineral resource estimate has been prepared using industry accepted practice and conforms to the disclosure requirements of S-K1300. Does not include the Kiggavik, Wheeler River, or West Bear project resources.18
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Non-GAAP Measures 19 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM This presentation includes reference to "Total Cost per Pound", “Total Cash Cost per Pound” and “Total Non-Cash Cost per Pound”, which do not have standardized meanings under GAAP. We define (i) Total Cost Per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inventories on the consolidated balance sheets) for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period; and (ii) Cash Cost Per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inventories on the consolidated balance sheets), excluding depreciation, depletion and amortization, for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period; (iii) Non-Cash Cost Per Pound as the difference between Total Cost per Pound and Cash Cost per Pound; and (iv) Production-Based Royalties, Ad Valorem and Severance Tax per Pound (a component of Cash Cost per Pound) as the production-based royalties, ad valorem and severance tax accrued for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period. Production-Based Royalties, Ad Valorem and Severance Tax per Pound does not include royalties on sales, which will be recognized as part of cost of sales in future periods when the uranium concentrates are sold. We believe that, in addition to conventional measures prepared in accordance with GAAP, certain investors and other stakeholders also use this information to evaluate our operating and financial performance. The use of these performance measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our definition of these measures may differ from other mining companies and therefore may not be comparable. These non-GAAP measures should be read in conjunction with our consolidated financial statements for the applicable periods.
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Christensen Ranch / Irigaray CPP 20 (in thousands of dollars, except cost per pound) First Quarter Fiscal 2026 Second Quarter Fiscal 2026 Third Quarter Fiscal 2026 Fourth Quarter Fiscal 2026 Fiscal 2026 Cash Production Costs A $ 1,612 $ 1,509 $ 1,242 $ 1,348 $ 5,711 Add Production-Based Royalties 101 67 49 99 316 Ad Valorem and Severance Tax 338 238 212 409 1,197 Total Production-Based Royalties and Taxes B 439 305 261 508 1,513 Total Cash Costs C=A+B $ 2,051 $ 1,814 $ 1,503 $ 1,856 $ 7,224 Add Depreciation, depletion and amortization 306 205 255 474 1,240 Total Non-Cash Costs D $ 306 $ 205 $ 255 $ 474 $ 1,240 Total Costs E=C+D $ 2,357 $ 2,019 $ 1,758 $ 2,330 $ 8,464 Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds) F 68,612 45,743 32,195 65,392 211,942 Cash Production Costs Per Pound G=A/F $ 23.50 $ 32.99 $ 38.58 $ 20.61 $ 26.95 Production-Based Royalties, Ad Valorem and Severance Tax Per Pound H=B/F 6.40 6.67 8.11 7.77 7.14 Total Cash Cost Per Pound $ 29.90 $ 39.66 $ 46.69 $ 28.38 $ 34.09 Total Non-Cash Cost Per Pound I=D/F 4.45 4.48 7.92 7.25 5.85 Total Cost Per Pound J=G+H+I $ 34.35 $ 44.14 $ 54.61 $ 35.63 $ 39.94
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Burke Hollow / Hobson CPP 21 (in thousands of dollars, except cost per pound) Fourth Quarter and Fiscal 2026 Cash Production Costs A $ 627 Add Production-Based Royalties - Ad Valorem and Severance Tax - Total Production-Based Royalties and Taxes B - Total Cash Costs C=A+B $ 627 Add Depreciation, depletion and amortization 66 Total Non-Cash Costs D $ 66 Total Costs E=C+D $ 693 Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds) F 17,352 Cash Production Costs Per Pound G=A/F $ 36.13 Production-Based Royalties, Ad Valorem and Severance Tax Per Pound H=B/F - Total Cash Cost Per Pound $ 36.13 Total Non-Cash Cost Per Pound I=D/F 3.80 Total Cost Per Pound J=G+H+I $ 39.93
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URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUM ENERGY.COM Combined Total Production 22 (in thousands of dollars, except cost per pound) Fiscal 2026 Fiscal 2025 Cumulative Since Beginning of Fiscal 2025 Cash Production Costs A $ 6,338 $ 2,803 $ 9,141 Add Production-Based Royalties 316 189 505 Ad Valorem and Severance Tax 1,197 599 1,796 Total Production-Based Royalties and Taxes B 1,513 788 2,301 Total Cash Costs C=A+B $ 7,851 $ 3,591 $ 11,442 Add Depreciation, depletion and amortization 1,306 1,142 2,447 Total Non-Cash Costs D $ 1,306 $ 1,142 $ 2,447 Total Costs E=C+D $ 9,157 $ 4,733 $ 13,889 Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds) F 229,294 129,966 359,260 Cash Production Costs Per Pound G=A/F $ 27.64 $ 21.57 $ 25.44 Production-Based Royalties, Ad Valorem and Severance Tax Per Pound H=B/F 6.60 6.06 6.40 Total Cash Cost Per Pound $ 34.24 $ 27.63 $ 31.84 Total Non-Cash Cost Per Pound I=D/F 5.70 8.78 6.81 Total Cost Per Pound J=G+H+I $ 39.94 $ 36.41 $ 38.65