Uranium Energy Corp Discovers Additional Mineralization in Production Area 1 and Installs Monitor Wells in the 2019 Burke Hollow Drilling Campaign

CORPUS CHRISTI, TX, Nov. 5, 2019 /PRNewswire/ – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce that the Company recently concluded a drilling campaign designed to further advance its Burke Hollow in-situ recovery (“ISR”) uranium project towards uranium extraction. During the campaign, additional required monitoring wells were installed for Production Area Authorization 1 (“PAA-1”). Fifty-seven exploration and delineation test holes were drilled in the campaign. Discovery of additional mineralization resulted in the expansion of the production area into significant extensions of previously identified trends, as well as the discovery of a new trend.