Uranium Energy's Business Segments

We are engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing, on uranium projects located in the United States and Paraguay. We utilize in-situ recovery (“ISR”) mining where possible which we believe, when compared to conventional open pit or underground mining, requires lower capital and operating expenditures with a shorter lead time to extraction and a reduced impact on the environment. We do not expect, however, to utilize ISR mining for all of our mineral rights in which case we would expect to rely on conventional open pit and/or underground mining techniques. We have one uranium mine located in the State of Texas, the Palangana Mine, which utilizes ISR mining and commenced extraction of uranium oxide (“U3O8”), or yellowcake, in November 2010. We have one uranium processing facility located in the State of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8, our only sales product and source of revenue, for shipping to a third-party storage and sales facility. Since commencement of uranium extraction from the Palangana Mine in November 2010 to July 31, 2015, the Hobson Processing Facility has processed 578,000 pounds of U3O8.

The company operates through segments focused on uranium exploration and mining in Wyoming, Texas, Saskatchewan, and other locations, along with a corporate segment involved in investments and trading of purchased uranium inventory. The Chief Executive Officer, serving as the Chief Operating Decision Maker (CODM), assesses segment performance and allocates resources based on income or loss before income taxes. This measure guides resource allocation, including capital investments in mining operations and potential expansions. The CODM reviews significant segment expenses corresponding to operating expense categories in the consolidated statements of operations. Financial data for each reportable segment is provided for the fiscal years ending July 31, 2025, and 2024, covering sales and service revenue, cost of sales and services, depreciation, amortization and accretion, other operating expenses, other income or expenses, income or loss before income taxes, total assets, equity-accounted investments, and capital additions.