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                             May 1, 2023

       Patrick Obara
       Chief Financial Officer
       URANIUM ENERGY CORP
       1030 West Georgia Street, Suite 1830
       Vancouver, British Columbia, Canada V6E 2Y3

                                                        Re: URANIUM ENERGY CORP
                                                            Amendment No. 1 to
Form 10-K for Fiscal Year Ended July 31, 2022
                                                            Response dated
April 25, 2023
                                                            File No. 001-33706

       Dear Patrick Obara:

              We have reviewed your April 25, 2023 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

              After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       April 17, 2023 letter.

       Amendment No. 1 to Form 10-K for Fiscal Year Ended July 31, 2022

       Item 15. Exhibits, Financial Statement Schedules
       96.6, page 276

   1.                                                   We note your response
to comment 2. In subsequent filings please revise to include the
                                                        exploration target
table(s) that do not include the contained pounds of uranium, consistent
                                                        with the definition of
an exploration target.
   2.                                                   We note your response
to comment 3. We note from your response that you have
                                                        assumed a $65 per pound
uranium price for the Anderson Project with respect to the cut-
                                                        off grade, along with
processing costs estimated in 2014 of $10.63 per ton which have
                                                        been escalated in 2023
to approximately $14.00 per ton. Additionally we note from page
                                                        200 of your amended
Form 10-K filing for the fiscal year ended July 31, 2022 that the
 Patrick Obara
URANIUM ENERGY CORP
May 1, 2023
Page 2
         Anderson project will be mined through a combination of surface and
underground
         mining methods.

         Considering it is assumed that the Anderson project will be mined
through conventional
         means, the cut-off grade determination should also include mining
costs and possibly
         other costs associated with extraction and processing. Please include
all unit costs in the
         description of your cut-off grade, and clearly describe how you
determined the 0.02% cut-
         off was calculated in order to establish prospects of economic
extraction of your mineral
         resources.
        You may contact Jennifer O'Brien, Staff Accountant, at 202-551-3721 or
Shannon
Buskirk, Staff Accountant, at 202-551-3717 if you have questions regarding
comments on the
financial statements and related matters. Please contact John Coleman, Mining
Engineer, at 202-
551-3610 if you have questions regarding the engineering comments.



FirstName LastNamePatrick Obara                               Sincerely,
Comapany NameURANIUM ENERGY CORP
                                                              Division of
Corporation Finance
May 1, 2023 Page 2                                            Office of Energy
& Transportation
FirstName LastName