Item 1.01 Entry into a Material Definitive Agreement.

On November 8 2021, Uranium Energy Corp. (the "Company") entered into a share purchase agreement (the "Share Purchase Agreement") with Uranium One Investments Inc. ("Uranium Investments"), a Canadian corporation, pursuant to which the Company will acquire from Uranium Investments all of the issued and outstanding shares of Uranium One Americas, Inc. ("U1A"), a Nevada corporation, which, in turn, owns all of the issued and outstanding shares of Uranium One USA Inc., a Delaware corporation (the "Acquisition").

The consideration for the proposed Acquisition totals $125.4 million comprised of (i) $111.6 million in cash plus (ii) a further cash payment of $13.8 million (equal to the amount of cash deposited by U1A in a surety deposit account that will remain with the Company after the Acquisition), subject to a closing working capital adjustment. The Company will also assume or replace the existing government reclamation bonds that are currently in place for the benefit of U1A. In the event that the bonds surety requirement is less than $19 million at closing, the Company will pay Uranium Investments an additional cash amount equal to the difference between the bonds surety requirement and $19 million.

U1A is engaged in the ownership, operations, activities or services with respect to certain mining sites located in Wyoming. In particular, the portfolio of projects being acquired through U1A includes, among others, seven projects located in the Power River Basin, three of which are fully permitted, and five in the Great Divide Basin.

The closing of the Acquisition is subject to certain conditions, including receipt of certain regulatory approvals, and is presently expected to close by the end of the year.

The foregoing description of the Share Purchase Agreement does not purport to be complete and is qualified in its entirety by the Share Purchase Agreement which is filed as Exhibit 2.1 hereto and is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure

On November 9, 2021, the Company issued a news release announcing that it has entered into a definitive Share Purchase Agreement with Uranium Investments to acquire 100% of the issued and outstanding shares of U1A.

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





  - 2 -

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired





Not applicable.



(b)    Pro forma Financial Information



Not applicable.



(c)    Shell Company Transaction



Not applicable.



(d)    Exhibits



Exhibit  Description

  2.1*     Share Purchase Agreement between Uranium One Investments Inc. and
         Uranium Energy Corp., dated November 8, 2021.

  99.1     News Release dated November 9, 2021.

* The schedules and exhibits to the Share Purchase Agreement (indexed in the

table of contents thereof) have been omitted in accordance with Item 601(b)(2)

of Regulation S-K. A copy of any omitted schedules and exhibits will be

furnished supplementally to the SEC upon request.

- 3 -

© Edgar Online, source Glimpses