Item 7.01 Regulation FD Disclosure



On January 12, 2023, Uranium Energy Corp. (the "Company" or "UEC") issued a news
release to announce that it had filed a Technical Report Summary ("TRS") on
EDGAR disclosing updated mineral resources for the Company's Shea Creek Project
(the "Project" or "Shea Creek"). UEC owns 49.0975% of the Project and Orano
Canada Resources ("Orano") owns the remainder and is the Project operator.

? This TRS filing for Shea Creek is the first Saskatchewan resource reported by

the Company since its acquisition UEX Corporation ("UEX") in August of 2022.

? Combined Shea Creek resources of 95.63 million lb. U3O8 on a consolidated

basis are comprised of 67.57 million lb. at 1.491% U3O8 in the indicated and

28.06 million lb. at 1.015% U3O8 in the inferred categories, respectively.

? UEC attributable share of combined resources are 46.95 million lb. U3O8,

comprised of 33.18 million lb indicated and 13.78 million lb. inferred (Table


    1).



Background:

? As a U.S. domestic and domiciled company, UEC is now reporting all mineral


    resources in accordance with Item 1302 of Regulation S-K ("S-K 1300");

? S-K 1300 was adopted by the Securities and Exchange Commission (the "SEC") to

modernize mineral property disclosure requirements for mining registrants and

to align U.S. disclosure requirements more closely for mineral properties with


    current industry and global regulatory standards; and

? The mineral resource estimate set forth in this TRS for the Shea Creek Project

have not previously been reported under the S-K 1300 format.





The TRS was prepared under S-K 1300 and was filed on January 11, 2023 with the
SEC through EDGAR on Form 8-K and is also available on SEDAR as a "Material
Document" filed on January 11, 2023. The TRS was prepared on behalf of the
Company by Mr. James Gray, P.Geo., of Advantage Geoservices Limited, Mr. David
Rhys, P.Geo., of Panterra Geoservices Inc., and Mr. Chris Hamel, P.Geo., UEC's
Vice President Exploration, Canada.

About Shea Creek

The Shea Creek Project is located in the Western Athabasca Basin (Figures 1 &
2), approximately 15 km south of Orano's past-producing Cluff Lake mine and 50
km north of NexGen's Arrow and Fission Uranium's Triple R deposits. The Shea
Creek deposits were the first new discoveries in the rapidly developing Western
Athabasca uranium district. Shea Creek is a joint venture between UEX (49.0975%)
and Orano (50.9025%). Uranium mineralization at Shea Creek is located at just
above, and extends well below, the unconformity between Athabasca Group
Sandstone and the underlying older basement rocks, which occurs at depths
between 700 and 800 m.

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Four unconformity-related deposits have been discovered to date on the Shea
Creek Project: Kianna, Anne, Colette and 58B; and all four deposits remain open
for expansion. These deposits occur along a three km stretch of the greater than
30 km long Saskatoon Lake Conductor Trend. Uranium occurs as unconformity-style
uranium mineralization with basement ore shoots that can extend more than 200 m
below the unconformity surface and up to 100 m above the unconformity.

UEC believes there is a very high potential to expand uranium resources in the
basement rocks within the existing footprint of Shea Creek. The discovery
potential along the remaining 26 km of the Saskatoon Lake Conductor Trend is
also considered to be very good given the sparse drilling along the trend. One
of the best results along the trend is located only two km south of the Anne
deposit, where drillhole SHE-002 intersected 0.34% U3O8 / 0.4 m. Limited
follow-up drilling in the SHE-002 area in 2015 encountered a wide zone of
indicative hydrothermal clay alteration and anomalous uranium that has been
observed proximal to the Shea Creek deposit.

Resource Disclosure

The Shea Creek mineral resource estimate for the four deposits were determined
using a cut-off grade of 0.30% U3O8. A total of 2,056,000 tonnes containing
67.57 million pounds of U3O8 at an average grade of 1.491% U3O8 have been
estimated in the indicated mineral resource category. A total of 1,254,000
tonnes containing 28.06 million pounds of U3O8 at an average grade of 1.015%
U3O8 have been estimated in the inferred mineral resource category.

The current mineral resource estimate includes the results from 477 diamond
drill holes totalling 402,800 m which were drilled from 1992 to 2012. On
average, indicated resource blocks were located within eight m of a drill hole
and inferred blocks within 16 m. Mineralized wireframes of the Colette, 58B,
Kianna and Anne zones bound perched, unconformity, and basement mineralization
was prepared at a 0.05% U3O8 mineralized threshold to constrain the mineral
resource estimate at each deposit area. The estimate was completed by ordinary
kriging using Gemcom software with block sizes of five by five by five m. The
impact of anomalously high-grade samples was controlled through a process of
grade capping and as well as interpolation distance restrictions for some zones.

The mineral resource estimate primarily utilized uranium geochemical analyses
from the Saskatchewan Research Council Geoanalytical Laboratories, in Saskatoon,
Saskatchewan, obtained through Inductively Coupled Plasma Mass Spectroscopy
("ICP-MS") for all samples with grades lower than 1,000 ppm U3O8 and using
Inductively Couple Plasma Optical Emission Spectroscopy for samples determined
by ICP-MS to contain uranium concentrations higher than 1,000 ppm U3O8.
Duplicate and independent check analyses were performed on approximately 5% of
the mineralized assay database.

In cases where geochemical analyses were not available due to incomplete
sampling or core recovery issues, downhole gamma probe data were used to
calculate equivalent uranium grades obtained using a DHT27-STD gamma probe which
collects continuous readings along the length of the drill hole. Probe results
were calibrated using an algorithm calculated from comparison of probe results
against geochemical analyses in previous holes in the Shea Creek area.

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Table 1 - Shea Creek Mineral Resource Estimate at 0.30% U3O8 cut-off grade




Deposit Area                   Indicated

Inferred


               Tonnes        U3O8      U3O8     UEC Share   Tonnes

U3O8 U3O8 UEC Share


                             (%)       (Lb)     U3O8 (Lb)                 (%)       (Lb)     U3O8 (Lb)
Collette       327,000       0.787     5,674 K  2,786 K     492,000       0.717     7,768 K  3,814 K
58B            142,000       0.773     2,419 K  1,188 K     81,000        0.510     906 K    445 K
Kianna         1,027,000     1.535     34,743 K 17,058 K    547,000       1.390     16,772 K 8,235 K
Anne           560,000       2.002     24,735 K 12,144 K    134,000       0.883     2,6120 K 1,282 K
Total          2,056,000     1.491     67,570 K 33,175 K    1,254,000     1.015     28,057 K 13,775 K



Notes:



  1) Sum of indicated and inferred tonnes and pounds may not add up to the
     reported total due to rounding.

2) Indicated and inferred mineral resources as defined in 17 CFR § 229.1300 of


     S-K 1300.


  3) Resources are reported as of October 31, 2022.

4) The point of reference for mineral resources is in-situ at the Project.

5) Mineral resources that are not mineral reserves do not have demonstrated

economic viability.

6) UEC attributable resources are calculated based on UEX's 49.0975% equity in


     the Project.

Summary capital and operating cost estimates are not included with the TRS since the Company is reporting the results of an initial assessment.

The TRS has been prepared and the technical information in this news release respecting the TRS has been reviewed by each of Messrs. James Gray, P.Geo., David Rhys, P.Geo., and Chris J. Hamel P.Geo., Vice President Exploration, Canada, for the Company, all Qualified Persons under Item 1302 of S-K 1300.


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                         [[Image Removed: image1.jpg]]

Figure 1- UEC Athabasca Projects


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                         [[Image Removed: image2.jpg]]

Figure 2 - Shea Creek Project


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

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired

Not applicable.

(b) Pro forma Financial Information

Not applicable.

(c) Shell Company Transaction





Not applicable.

(d) Exhibits



Exhibit   Description

 99.1       News Release dated January 12, 2023.

  104     Cover Page Interactive Data File (the cover page XBRL tags are embedded
          within the inline XBRL document).

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