Blog: URANIUM ENERGY CORP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) –

Item 7.01 Regulation FD Disclosure

On August 2, 2022, Uranium Energy Corp. (the “Company” or “UEC”) issued a news
release announcing that announce it has submitted an offer to supply the U.S.
Department of Energy – National Nuclear Security Administration (“NNSA”) in
response to the U.S. government uranium tender to launch the national Uranium
Reserve. The program was designed as a 10 year, $10 billion plan with $75
million authorized to date for the purchase of uranium and conversion services.

Amir Adnani, President and CEO stated: “The NNSA initial purchase goal for one
million pounds marks an important milestone for the beginning of this program.
The NNSA purchases will help jump start our industry and reduce the country’s
reliance on uranium from jurisdictions that expose America to precarious supply
risks. Today, those risks include uranium from Russia, its allies and
increasingly China. Clearly, domestic supply is critical for U.S. energy and
national security. This was in fact one of the primary drivers behind UEC’s
acquisition of Russia’s Uranium One Americas, repatriating this important asset
back to U.S. ownership and control. The acquisition was not only a highly
accretive business transaction, it also increased domestic capability in the
nation’s nuclear fuel supply chain. We are looking forward to the continued
improvement in the nuclear fuel markets and UEC’s production to help supply
America’s uranium needs.”

UEC Chairman and former U.S. Energy Secretary, Spencer Abraham, commented: “We
applaud Senator Barrasso’s bill that was discussed in the U.S. Senate Committee
on Energy and Natural Resources hearing last week. His legislation would
prohibit the importation of uranium from the Russian Federation. While the U.S.
has banned the imports of other Russian energy sources it has not included
nuclear fuel. To ban some energy imports and not others sends a mixed message,
especially considering that import revenues from Russian uranium sales are
helping fund Russia’s war in Ukraine.”

Secretary Abraham continued: “While Russia’s invasion of Ukraine has garnered
outrage from the international community, many nations find themselves
handcuffed in terms of their ability to respond, due to their reliance on
Russian energy imports. It would be naive to think that what Russia has done to
the Western European community on gas supplies would not apply to its
exportation of nuclear fuel and uranium. Banning Russian uranium imports and
supporting our domestic nuclear fuel supply capabilities are solid steps towards
bolstering our energy independence and protecting our national security.”

A copy of the news release is attached as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired

Not applicable.

                                     - 2 -


(b) Pro forma Financial Information

Not applicable.

(c) Shell Company Transaction

Not applicable.

(d) Exhibits

Exhibit    Description

  99.1       News Release dated August 2, 2022.

  104      Cover Page Interactive Data File (the cover page XBRL tags are embedded
           within the inline XBRL document).


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© Edgar Online, source Glimpses

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