Corpus Christi, TX, September 15, 2020 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) applauds the U.S. Department of Commerce (“DOC”) for negotiating an amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation (“RSA”) that reduces America’s dependence on Russian natural uranium concentrates up to 75% from prior levels. An initialed draft agreement between the DOC and Russia’s State Atomic Energy Company Rosatom, was released for public comment on Friday, September 11th.

Secretary of Commerce Wilbur Ross, stated: “This draft agreement represents an important step forward for the American nuclear industry.  If finalized, it will contribute to the restoration of America’s nuclear energy advantage and protect the domestic industry from dumped Russian uranium.”

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