DGAP-News

Uranium Energy Corp Issues 2015 Letter to Shareholders - Seite 2

processing plant and its two million pound per year physical capacity,
effecting what we call our hub-and-spoke strategy. Of the six projects,
Palangana is operating on a small scale pending ramp-up when the price of
uranium is in a viable range. Goliad is fully permitted for production with
its first production area and Burke Hollow is in the permitting and
expansion phase.

In the last twelve months, we've drilled more than 200 holes as we
continued to expand our resources* in South Texas. Following next are the
Company's Longhorn, Salvo and Nichols ISR Projects. In particular, our new
Longhorn Project has an aquifer exemption already covering the entire
project area, which could greatly expedite the regulatory process. Longhorn
is located in a major historic producing area and has superb prospectivity
based on current in-ground assessments together with 500 historical drill
logs. Salvo and Nichols have initial qualified resources* with future
expansion potential.

A Pipeline of Additional Projects Focused on Growth

The Company has 20 projects in the southwestern U.S. During 2014, we
completed Preliminary Economic Assessments for each of our very large
Anderson Project in central Arizona and our Slick Rock Project in
southwestern Colorado. Combined, the projects show a Net Present Value of
approximately $200 million based on a uranium price of $65/lb.

In Paraguay, we maintain one of the largest in-situ recoverable property
positions in the world with approximately one million acres of prospective
area. The Company's Yuty and Oviedo Projects hold qualified resources* of
11.1 million pounds U3O8 (Yuty), with a separate exploration target** of 23
to 56 million pounds (Oviedo).

These and other non-core assets demonstrate further that UEC is highly
leveraged to the price of uranium.

Analysts and Industry Relations

UEC is followed and reported on by five mining and energy analysts with
leading institutional securities firms. All five analysts anticipate a
strong year ahead for the Company and show near-term targets for the share
price that are well in advance of the current price.

Various members of our senior management team are active as advisors,
speakers and/or board members with domestic and global industry
organizations including the International Atomic Energy Agency, World
Nuclear Fuel Market and the Uranium Producers of America.

Here's a key take-away from recent industry meetings: There is essentially
no correlation between the price of oil and the price of uranium. With the