FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedJanuary 31, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from _____ to _____ Commission File Number:001-33706 URANIUM ENERGY CORP.(Exact name of registrant as specified in its charter) 98-0399476 Nevada(State or other jurisdiction of incorporation of organization) (I.R.S. Employer Identification No.) 500 North Shoreline, Ste. 800,Corpus Christi, Texas, U.S.A.(U.S. corporate headquarters) 78401(Zip Code) 1830–1188 West Georgia StreetVancouver, British Columbia, Canada(Canadian corporate headquarters) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Table of Contents Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smallerreporting company”, and “emerging growth company”in Rule 12b-2 of the Exchange Act. ☒Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:490,220,783shares of common stock outstanding as ofMarch 9, 2026. 2 URANIUM ENERGY CORP. TABLE OF CONTENTS PART I –FINANCIAL INFORMATION4Item 1.Financial Statements4Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 3.Quantitative and Qualitative Disclosures About Market Risk37Item 4.Controls and Procedures37PART II –OTHER INFORMATION38Item 1.Legal Proceedings38Item1A.Risk Factors38Item 2.Unregistered Sales of Equity Securities and Use of Proceeds38Item 3.Defaults Upon Senior Securities38Item 4.Mine Safety Disclosures38Item 5.Other Information38Item 6.Exhibits39SIGNATURES40 PART I–FINANCIAL INFORMATION Item 1.Financial Statements URANIUM ENERGY CORP. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JANUARY 31, 2026 (Unaudited–Expressed in thousands of U.S. dollars unless otherwise stated) URANIUM ENERGY CORP.INTERIM CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY (Unaudited - Expressed in thousands of U.S. dollars, except share data) URANIUM ENERGY CORP.INTERIM CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY (Unaudited - Expressed in thousandsof U.S. dollars, except share data) Table of ContentsURANIUM ENERGY CORP.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJanuary 31, 2026(Unaudited - Expressed in thousands of U.S. dollars unless otherwise stated) NOTE1:NATURE OF OPERATIONS Uranium Energy Corp. was incorporated in the State of Nevada on May 16, 2003.Uranium Energy Corp. and its subsidiarycompanies and a controlled partnership (collectively, the “Company”or “we”) are engaged in uranium mining and relatedactivities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in theUnited States, Canada and the Republic of Paraguay. NOTE2:SUMMARY OF SIGNIFICANT POLICIES Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with UnitedStates (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S.dollars.Accordingly, they do not include all of the information and footnotes required under U.S. GAAP for complete financialstatements.These unaudited interim condensed consolidated financial statements should be read in conjunction with the auditedconsolidated financial statements included in our Annual Report on Form 10-K for the year endedJuly 31, 2025 (“Fiscal2025”).In the opinion of management,