Uranium Energy (UEC) Proxy filing summary

Executive summary

• Fiscal 2025 marked a breakthrough year with the transition to uranium production in Wyoming, advancement of the Burke Hollow project, and acquisition of the Sweetwater Complex, expanding licensed production capacity to 12.1 million pounds of U3O8 annually.

• Launch of United States Uranium Refining & Conversion Corp. (UR&C) in September 2025 aims to create a vertically integrated uranium company, enhancing the domestic nuclear fuel supply chain.

• Entering fiscal 2026, the company maintains a debt-free balance sheet, substantial liquidity, and a growing inventory of U.S.-origin uranium, positioning it for long-term value creation amid rising nuclear energy demand.

Voting matters and shareholder proposals

• Shareholders will vote to elect six directors, ratify PricewaterhouseCoopers LLP as independent auditors for fiscal 2026, and approve executive compensation on a non-binding advisory basis.

• No shareholder proposals were received for consideration at the meeting.

• Voting can be conducted online, by phone, mail, or in person, with detailed procedures provided.

Board of directors and corporate governance

• The board consists of a majority of independent directors, with Spencer Abraham serving as independent Chairman.

• Four standing committees: Audit, Compensation, Nominating and Corporate Governance, and Sustainability, all comprised of independent directors.

• Directors possess diverse backgrounds in mining, finance, governance, and public policy; 67% of nominees are ethnically diverse and 33% female.

• Stock ownership guidelines require executives to hold shares equal to multiples of base compensation; all current executives and directors meet or exceed these guidelines.

• Policies in place include a Code of Business Conduct and Ethics, Director Time Commitments Policy, Diversity Policy, Human Rights Policy, and Anti-Hedging/Anti-Pledging Policy.