UEX Announces Further Amended Arrangement Agreement with Uranium Energy Corp.

Recommends Vote in Favour of UEC Arrangement

The following represents a summary of the key amendments set forth in the Amended UEC Agreement: UEX Shareholders will now receive 0.09 UEC Shares for each UEX Share, implying consideration of approximately C$0.497 per UEX Share based on the closing price of UEX Shares and UEC Shares on the Toronto Stock Exchange and the NYSE American Exchange, respectively, and the spot exchange rate as of August 12, 2022, replacing the previous exchange ratio of 0.0890 UEC Shares for each UEX Shares as agreed to in the UEC Agreement; and

a further increase in the termination fee payable to UEC if the UEC Agreement is terminated in certain circumstances, including if UEX enters into an agreement with respect to a superior proposal or if the Board of Directors of UEX (the Board”) withdraws its recommendation with respect to the UEC Arrangement, from US$8,800,000 […]

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