URANIUM ENERGY CORP

Our Board believes that wider perspectives and best practices learned by directors serving in other public directorships must be balanced against the time commitment that service on boards entails. Therefore, we have adopted a Director Time Commitments Policy. The policy provides that our non-executive Chairman and any lead independent director, if one is appointed, shall be limited to serving on four public company boards, including our Board (excluding private companies and other non-public companies). Our Nominating and Corporate Governance Committee evaluates on at least an annual basis the outside director time commitments of our non-executive Chairman and any lead independent director. Our Director Time Commitments Policy can be viewed on our website at www.uraniumenergy.com. All of our directors are in compliance with our Director Time Commitments Policy as of the date of this Proxy Statement.

Amir Adnani, our President, CEO and a director, serves as a director on two additional public company boards: Uranium Royalty Corp.; and GoldMining Inc. As of June 2, 2026, we own approximately 12% of the outstanding shares of Uranium Royalty Corp.

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Our Nominating and Corporate Governance Committee has reviewed Mr. Adnani's commitments on the board of directors of other publicly traded companies and has determined that, given our status as a significant shareholder of Uranium Royalty Corp. and Mr. Adnani's background and experience in the mining industry, Mr. Adnani currently has sufficient time to devote to our affairs to fulfill his responsibilities as a member of our Board of Directors. In making such determination, our Nominating and Corporate Governance Committee also considered that Mr. Adnani has attended 100% of all Board meetings in the last fiscal year and makes valuable contributions at the Board of Director level given his background and experience in mining and his role as a founder of Uranium Energy Corp.