Uranium Energy Corp and UEX Corporation Agree to Amendment to the Arrangement Agreement; Special Meeting of UEX Securityholders will Remain on Monday, August 15, 2022

UEC Pro Forma Ownership Changes to 85.7% Compared to Previously Disclosed at 85.8% on Basic Share Basis

CORPUS CHRISTI, Texas and SASKATOON, SK, Aug. 15, 2022 /CNW/ - Uranium Energy Corp. (NYSEAmerican:UEC) (the "Company" or "UEC") and UEX Corporation (TSX:UEX.TO) ("UEX") are pleased to announce that they have entered into a further amending agreement (the "Amending Agreement") to the previously announced arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, UEC and UEC 2022 Acquisition Corp., pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX ("UEX Shares") by way of a statutory plan of arrangement (the "Arrangement") under the Canada Business Corporations Act (the "Transaction").