URANIUM ENERGY CORP

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

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URANIUM ENERGY CORP**.**

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Dear Fellow Stockholders:

I am pleased to present our Annual Proxy Statement and invite you to attend our 2026 Annual Meeting of Stockholders, which will be held on Thursday, July 23, 2026 at 10:00 a.m. (Vancouver time) at Suite 1830, 1188 West Georgia Street, Vancouver, British Columbia, Canada. For information regarding attendance and voting procedures, please refer to the enclosed Notice of Annual Meeting of Stockholders and Proxy Statement.

Fiscal 2025 was a breakthrough year for Uranium Energy Corp. During the year, we advanced our transition to uranium production in Wyoming, progressed Burke Hollow toward becoming the newest ISR uranium mine in the United States and acquired Rio Tinto's Sweetwater Complex to establish our third U.S. hub-and-spoke production platform. In September 2025, we launched United States Uranium Refining & Conversion Corp. ("UR&C"). These achievements further solidified UEC's position as the largest U.S. uranium company by estimated resources and licensed production capacity.

The acquisition of the Sweetwater Complex was particularly transformative, expanding our licensed production capacity to 12.1 million pounds of U₃O₈ annually while adding one of the largest permitted uranium processing facilities in the United States. Together with our operating platforms in Wyoming and Texas, Sweetwater provides a foundation for scalable domestic uranium production to support growing nuclear energy demand.

In addition, the launch of UR&C represents an important step toward our vision of creating America's only vertically integrated uranium company, spanning mining, processing and planned refining and conversion capabilities. We believe strengthening the domestic nuclear fuel supply chain has become an increasingly important national priority and a significant long-term opportunity for our Company.

We enter fiscal 2026 from a position of strength, supported by a debt-free balance sheet, substantial liquidity and a growing inventory of U.S.-origin uranium. Against a backdrop of accelerating demand for nuclear energy, driven by energy security priorities, electrification and the rapid growth of artificial intelligence infrastructure, we believe UEC is uniquely positioned to create long-term value for our stockholders.

On behalf of our Board of Directors, I thank you for the trust and confidence you have placed in our Company. We appreciate your continued support as we execute our strategy and advance our mission.

We value your input and encourage you to vote your shares using one of the methods described in the accompanying Proxy Statement, whether or not you plan to attend the Annual Meeting.

President and Chief Executive Officer

Dated: June 5, 2026