Effective October 14, 2015, the Board of Directors of Uranium Energy Corp. accepted the resignation of Alan Lindsay as a director of the company and as the chairman of the board of directors of the company. Mr. Lindsay was a co-founder of the company and has served as chairman of the Board of Directors since December 2005.

Also on October 14, 2015, following the resignation of Mr. Lindsay, the Board of Directors appointed former United States Energy Secretary Spencer Abraham as a member of the Board of Directors and as the Executive Chairman of the Board of Directors of the Company. Secretary Abraham served as Chairman of the Company's Advisory Board from December 2012 until his appointment to the Board of Directors on October 14, 2015.