Uranium Energy Corp. Appoints Brent Berg as Senior Vice-President, U.S. Operations

Uranium Energy Corp (NYSE American: UEC)  is pleased to announce the appointment of Brent Berg as its Senior Vice-President, U.S. Operations.

Brent Berg is a highly qualified mining and mineral processing professional with over 27 years of experience in the minerals industry, including more than 21 years in uranium production in the United States and Canada.

Mr. Berg is the former President of Cameco Resources, where he led Cameco’s U.S. uranium In-Situ Recovery (“ISR”) operations in Wyoming and Nebraska.  This experience included management and oversight of Cameco’s in-situ recovery facilities and the successful start-up and operation of the North Butte satellite ISR operation in Wyoming.  Under his management, U.S. production reached over 2.6 million lbs. prior to Cameco curtailing production due to market conditions. Mr. Berg also has extensive open pit and underground mining experience, including Cameco’s Key Lake, McArthur River and Rabbit Lake operations.

Amir Adnani, CEO and President stated: “Brent is a proven uranium mining professional with significant ISR production experience including many years developing and operating projects in the great state of Wyoming.  He will be working with Donna Wichers, Vice President of Wyoming Operations, for the important restart of uranium production at our Christensen Ranch/Irigaray In-Situ Recovery operations in Wyoming.  Brent will also be working with our other exciting ISR production growth initiatives underway in Texas.”

Most recently, Mr. Berg was the President and CEO of Rare Element Resources Ltd., where he was responsible for overall day-to-day management and operation of that company, including its strategic, financial and operational leadership.

Mr. Berg is a Professional Engineer with a B.A.Sc. in Regional Environmental Systems Engineering from the University of Regina and an MBA from the University of Regina.  In 2023, Mr. Berg completed a Master of Legal Studies, Magna Cum Laude, from the University of Arizona, with a focus on mining law and policy.

About Uranium Energy Corp

Uranium Energy Corp is the fastest growing supplier of the fuel for the green energy transition to a low carbon future. UEC is the largest, diversified North American focused uranium company, advancing the next generation of low-cost, environmentally friendly ISR uranium projects in the United States and high-grade conventional projects in Canada. The Company has two production-ready ISR hub and spoke platforms located in South Texas and Wyoming. These two production platforms are anchored by fully operational central processing plants and served by seven U.S. ISR uranium projects with all their major permits in place. Additionally, the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of North American warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects. The Company’s operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining.