UEC restarts uranium production at Wyoming Christensen Ranch ISR operations

URANIUM ENERGY CORP

Production commenced in Mine Unit 10 on August 6, 2024; initial uranium concentrations meeting expectations.
First yellowcake shipment expected Nov-Dec 2024, aligning with fiscal Q2 ending January 31, 2025.
Irigaray CPP has current licensed capacity of 2.5M lbs U3O8/yr; amendment to increase to 4.0M lbs under review.
Workforce of 40 employees, with plans to hire 20 more in 2025; 40% from Johnson County, Wyoming.
55 wellfield patterns drilled for Mine Unit 10 extension, production starting 2025; Mine Units 7 and 8 to follow.

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