Restarting Production At The Christensen Ranch ISR CORPUS CHRISTI, TX – Uranium Energy Corp (UEC) has received approval for restarting uranium production at its fully permitted, and past producing, Christensen Ranch In-Situ Recovery (ISR) operations in Wyoming. The recovered uranium will be processed at the fully operational Irigaray Central Processing Plant (CPP) with a current licensed capacity of 2.5 million pounds U3O8 per year. The Irigaray CPP is the hub central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch. The first production is expected during August of this year and will be funded with existing cash on the Company's balance sheet. As UEC's strategy has been to remain 100% unhedged, produced uranium will be sold at prevailing spot market prices. The Company will provide additional information on the expected volumes for the first year of production.