Uranium Energy Corp Completes Acquisition of UEX Corporation to Create the Largest Diversified North American Focused Uranium Company Corpus Christi, TX, and Saskatoon, Saskatchewan – TheNewswire - August 22, 2022 – Uranium Energy Corp (XTSE:UEX) (OTC:UEXCF) (NYSE American: UEC, the “ Company ” or “ UEC ”) and UEX Corporation (TSX:UEX ) , “ UEX ”) are pleased to announce the closing of the previously announced plan of arrangement (the “ Arrangement ”) under the Canada Business Corporations Act , pursuant to which UEC acquired all of the issued and outstanding common shares of UEX that it did not already own. The Arrangement was approved at a special meeting of UEX securityholders held on August 15, 2022 and was subsequently approved by the Supreme Court of British Columbia on August 18, 2022. Pursuant to the terms of the Arrangement, UEX shareholders received 0.090 common shares of UEC for each UEX common share held. UEC intends to submit applications to the Toronto Stock Exchange and to the applicable securities regulators to delist UEX’s existing common shares and for UEX to cease to be a reporting issuer, respectively.