Item 2.01 Completion of Acquisition or Disposition of Assets

On December 17, 2021, pursuant to the previously-announced share purchase agreement (the "Share Purchase Agreement") between Uranium Energy Corp. (the "Company") and Uranium One Investments Inc. ("Uranium One Investments"), a Canadian corporation, the Company acquired from Uranium One Investments all of the issued and outstanding shares of Uranium One Americas, Inc. ("U1A"), a Nevada corporation, which, in turn, owns all of the issued and outstanding shares of Uranium One USA Inc., a Delaware corporation, and the Company provided the following consideration to Uranium One Investments totaling $128.5 million for the acquisition of 100% of the outstanding shares of U1A:



  1. $114.58 million in cash (including $2.9 million in adjustments based on U1A's
     estimated closing working capital and prepaid items); plus



  2. a further cash payment of $13.75 million (equal to the amount of cash
     deposited by U1A in a surety deposit account that now remains with the
     Company); plus



  3. a further cash payment of $0.19 million (equal to the difference between $19
     million and the face amount of the surety submittals to applicable
     governmental authorities);

subject to a final closing working capital adjustment.

The Company has now also assumed the existing government reclamation bonds that are currently in place for the benefit of U1A.

U1A is engaged in the ownership, operations, activities or services with respect to certain mining sites located in Wyoming. In particular, the portfolio of projects being acquired through U1A includes, among others, seven projects located in the Power River Basin, three of which are fully permitted, and five in the Great Divide Basin.

The foregoing description of the Share Purchase Agreement does not purport to be complete and is qualified in its entirety by the Share Purchase Agreement which is filed as Exhibit 2.1 to the Company's Form 8-K filed wth the SEC on November 9, 2021.




Item 8.01 Other Events

On December 20, 2021, the Company issued a news release to announce that it has now completed the definitive Share Purchase Agreement with Uranium One Investments and now acquired all the issued and outstanding shares of U1A.

A copy of the press release is attached as Exhibit 99.1 hereto.

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Item 9.01 Financial Statements and Exhibits





(d)    Exhibits

Exhibit Description

99.1 News Release dated December 20, 2021.(1)

104 Cover Page Interactive Data (embedded within the Inline XBRL document).





Note:
  (1) Previously filed.

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