URANIUM ENERGY CORP

Item 1.** Legal Proceedings

As of the date of this Quarterly Report, other than routine litigation incidental to our business, including that which is described in the Form 10-K Annual Report for Fiscal 2025, we are not currently a party to any material pending legal proceedings or claims that management believes would be likely to have a material adverse effect on our financial position, results of operations or cash flows. Regardless of outcome, such proceedings or claims can have an adverse impact on the Company because of defense and settlement costs, diversion of resources and other factors, and there can be no assurances that favorable outcomes will be obtained. In addition, there are no material pending legal proceedings to which any director, officer, affiliate or the Company, beneficial owner of more than 5% of our common stock, or any associate or any such director, officer, affiliate or security holder, is: (i) a party adverse to us or any of our subsidiaries in any legal proceeding; or (ii) has an adverse interest to us or any of our subsidiaries.