Uranium Energy Corp. announced the restart of wellfield development and resource delineation drilling at the Company's Burke Hollow in-situ recovery ("ISR") uranium project in South Texas. Advancing and expanding Burke Hollow's resources strategically dovetails with UEC's plans to participate in supplying the U.S. Uranium Reserve ("UR") as outlined in the Nuclear Fuel Working Group report published by the U.S. Department of Energy ("DOE"). The UR is designed as a 10-year, $1.5 billion program to purchase newly mined U.S. origin uranium. In the 2021 drilling campaign, the Company will expand and complete the Production Area Authorization #1 ("PAA-1") monitor well ring to include the two newly identified trends from the last campaign, resulting in a total of five fronts or trends within PAA-1. The Company estimates that approximately 45 additional exterior monitoring wells will be installed to accommodate the trend extensions, complementing the 76 monitor wells previously installed. The Company plans to drill at least 30 exploration and delineation holes to further define the five mineralized fronts in PAA-1. Additionally, all exterior and interior monitor wells will be completed in designed intervals, supporting permit requirements that include sampling and pumping tests in anticipation of commencing production activities.