Item 8.01 Other Events.

On November 26, 2021, the Board of Directors of Uranium Energy Corp. (the "Company") approved the filing of a prospectus supplement to its Registration Statement on Form S-3 (File No. 333-256170) (the "Registration Statement") and the continuation of the At The Market Offering Agreement, dated May 14, 2021 (the "Offering Agreement") with H.C. Wainwright & Co., LLC (as the "Lead Manager") and the co-managers set forth on the signature page of the Offering Agreement; presently comprised of each of TD Securities (USA) LLC, Haywood Securities (USA) Inc., Roth Capital Partners, LLC, Eight Capital and BMO Capital Markets Corp. (each, a "Co-Manager" and, collectively, with the Lead Manager, the "Managers"); under which the Company may, from time to time, sell shares of its common stock, par value $0.001 per share (the "Shares"), having an aggregate offering price of up to $100,000,000 through the Managers.

Upon delivery of a "Sales Notice" under and subject to the terms and conditions of the Offering Agreement, the "Designated Manager" of the Managers under the Offering Agreement may sell the Shares by methods deemed to be an "at-the-market" offering as defined in Rule 415 promulgated under the United States Securities Act of 1933, as amended (the "Securities Act"), including sales made directly on the NYSE American (the "NYSE American"), the existing trading market for our common stock, sales made to or through a market maker other than on an exchange or otherwise, directly to the sales agent as principal, in negotiated transactions at market prices prevailing at the time of sale or at prices related to such prevailing market prices, and/or in any other method permitted by law. Subject to the terms and conditions of the Offering Agreement, the Managers will use commercially reasonable efforts, consistent with its normal trading and sales practices, to sell the Shares from time to time, based upon the Company's instructions, subject to applicable state and federal laws, rules and regulations, and the rules of the NYSE American.

The Company is not obligated to, and the Company cannot provide any assurances that it will, make any sales of the Shares under the Offering Agreement. The Offering Agreement will terminate upon the earlier of (i) sale of all shares of our shares of common stock provided for in the prospectus supplement, or (ii) the termination of the Offering Agreement as permitted therein. The Offering Agreement may be terminated by the Lead Manager or the Company at any time in their sole discretion upon 5 days' prior written notice to the other party.

The Company will pay the Designated Manager a commission of 2.25% of the gross proceeds from the sale of Shares, and has agreed to provide the Managers with customary indemnification and contribution rights. Pursuant to the Offering Agreement, the Company agreed to reimburse the Lead Manager for certain specified expenses, including the fees and disbursements of its legal counsel, in an amount not to exceed $50,000, and to reimburse the Lead Manager for the documented fees and costs of its legal counsel reasonably incurred in connection with the Lead Manager's ongoing diligence requirements arising from the transactions contemplated by the Offering Agreement in an amount not to exceed $5,000 in the aggregate per quarter.

The description of the Offering Agreement does not purport to be complete and is qualified in its entirety by reference to the Offering Agreement that was filed as Exhibit 1.2 to the Registration Statement filed with the Securities and Exchange Commission (the "SEC") on May 17, 2021, and is incorporated by reference herein.

The opinion of the Company's counsel regarding the validity of the Shares that will be issued pursuant to the Offering Agreement is filed herewith as Exhibit 5.1.

The Shares will be issued pursuant to: the Company's Registration Statement, previously filed, which was declared effective by the SEC on June 1, 2021; the base prospectus filed as part of the Registration Statement, and the prospectus supplement dated November 26, 2021 filed by the Company with the SEC. This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.





                                      ***

The Company cautions you that statements included in this report that are not a description of historical facts are forward-looking statements. These forward-looking statements include statements regarding the ability to sell Shares and raise additional funds pursuant to the Offering Agreement. The inclusion of forward-looking statements should not be regarded as a representation by the Company that any of these results will be achieved. Actual results may differ from those set forth in this report due to the risks and uncertainties associated with market conditions and the satisfaction of pre-sale conditions under the Offering Agreement, as well as risks and uncertainties inherent in the Company's business, including those described in the Company's periodic filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this report to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement. This cautionary statement is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits




  1.2      At The Market Offering Agreement, dated May 14, 2021 by and between
         Uranium Energy Corp., H.C. Wainwright & Co., LLC, TD Securities (USA) Inc.,
         Haywood Securities (USA) Inc., Roth Capital Partners, LLC, Eight Capital
         and BMO Capital Markets Corp.(1)

  5.1      Opinion of McMillan LLP.

  23.1     Consent of McMillan LLP (included in Exhibit 5.1).




Notes:

(1) Incorporated by reference to our Registration Statement on Form S-3 filed

with the SEC on May 17, 2021.

© Edgar Online, source Glimpses