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Uranium Energy Corp Issues 2015 Letter to Shareholders

DGAP-News: Uranium Energy Corp. / Key word(s): Miscellaneous
Uranium Energy Corp Issues 2015 Letter to Shareholders

26.01.2015 / 19:05

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Uranium Energy Corp

NYSE MKT Equities Exchange Symbol - UEC

Uranium Energy Corp Issues 2015 Letter to Shareholders

Corpus Christi, TX, January 26, 2015 - Uranium Energy Corp (NYSE MKT: UEC,
the "Company") is pleased to provide the following letter to its
shareholders from President and CEO, Amir Adnani, on the outlook for the
Company in 2015.

Dear Shareholder,

On behalf of management and the board of directors, I want to thank you as
a supporter and shareholder of UEC. We appreciate your confidence in the
Company's ongoing strategy.

We are experiencing volatile markets for commodities, and especially now
with the sell-off in crude oil. Uranium investors have endured a depressed
and falling spot uranium price going back to the Fukushima incident in
March 2011. Today, for the first time in almost four years, we are seeing
fundamental shifts in the supply/demand picture that may favor rising
uranium prices, and we're seeing the spot price move higher - in fact, it's
up by 35% from its lows of 2014.

The supply of uranium to the spot market is down globally due to years of
under-investment in mining operations, heavy contracting in emerging
markets such as China, and the end of the highly-enriched uranium or HEU
agreement between Russia and the U.S. Geopolitical tensions, like the
threat of Russian sanctions and civil unrest in Central Africa, add to
anxieties on the supply side.

On the demand side, Japan has now approved the restart of four reactors
with another +30 reactors anticipated to return to the grid there over
time. China continues to deploy what will be the world's largest nuclear
power program to help meet its country's immense energy needs in an
environmentally sound manner. In addition, Western utilities are entering a
new contracting cycle and are seeking to buy supply in 2015 to cover
requirements in future years.

Most energy analysts are bullish on uranium for 2015, particularly when
compared with other commodities. Today, at around $36/lb., there are strong
reasons to believe that the bottom of the cycle has been reached and the
future could well see significantly higher uranium prices. A
once-in-a-generation opportunity may be in development here, and I want you
to know that our Company is uniquely prepared and positioned for the
turnaround in uranium prices and the global expansion in nuclear power.

South Texas Operations

UEC has six wholly-owned, in-situ recovery projects surrounding our Hobson