8-K

                     U.S. SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                        Date of Report: February 15, 2006


                              URANIUM ENERGY CORP.
        _________________________________________________________________
        (Exact Name of Small Business Issuer as Specified in its Charter)


                                     NEVADA
              _____________________________________________________
              (State or other Jurisdiction as Specified in Charter)


       333-127185                                        98-0399476
________________________                    ____________________________________
(Commission file number)                    (I.R.S. Employer Identification No.)


                                  Austin Centre
                           701 Brazos, Suite 500 PMB#
                               Austin, Texas 78701
                    ________________________________________
                    (Address of Principal Executive Offices)


                                  512.721.1022
                           ___________________________
                           (Issuer's telephone number)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)
[ ] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))





ITEM 5.02  DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
           APPOINTMENT OF PRINCIPAL OFFICERS

Appointment of Chief Operating Officer and Director

Effective  February 15, 2006,  the Board of Directors of Uranium Energy Corp., a
Nevada  corporation (the "Company"),  announced the appointment of Harry Anthony
as the Chief Operating Officer and as a director of the Company. On February 15,
2006,  the Board of  Directors of the  Company,  pursuant to  unanimous  written
consent,  authorized and approved the execution of an employment agreement dated
February  15,  2006  between  the  Company  and  Mr.  Anthony  (the  "Employment
Agreement").

Pursuant  to the terms  and  provisions  of the  Employment  Agreement:  (i) Mr.
Anthony  shall  provide  duties to the Company  commensurate  with his executive
position as the Chief Operating Officer of the Company and he will also become a
member of the Board of Directors of the Company;  (ii) the Company  shall pay to
Mr.  Anthony a monthly  fee of  $10,000.00;  (iii) the  Company  shall  grant an
aggregate  of  250,000  Stock  Options  to Mr.  Anthony  to  purchase  shares of
restricted  common stock of the Company at $0.50 per share for a ten-year  term;
and (iv) the Employment  Agreement may be terminated without cause by either the
Company or Mr.  Anthony by providing  prior  written  notice of the intention to
terminate at least 120 days prior to the effective date of such termination.

Mr. Anthony has over thirty years of experience in the uranium mining  industry.
From  approximately  1997 to present,  Mr. Anthony has been a consultant through
Anthony   Engineering   Services  for  several  major   uranium   companies  and
international  agencies,  which duties  generally  include  project  evaluation,
operations   "trouble  shooter"  and  technical  and  financial   expert.   From
approximately  1990 through  1997,  Mr.  Anthony was a senior vice  president of
Uranium Resources, Inc., where he managed all facets of operations and technical
support to achieve production goals,  drilling,  ion exchange,  reverse osmosis,
software development and equipment design. His duties also included oversight of
construction,  technical aspects, and daily operations of plants and wellfields,
budget planning and forecasting,  property  evaluations and reserve estimations.
Mr.    Anthony   also    previously    served   as   the    vice-president    of
engineering/engineering  manager  of  Uranium  Resources,  Inc.,  and a  project
superintendent  and project  engineer for Union Carbide Corp. Mr. Anthony was on
the board of directors of Uranium Resources,  Inc. from 1984 through 1994. He is
the  author  of  several   publications   and  the   recipient   of  the  awards
"Distinguished  Member of the South  Texas  Mineral  Section of AIME  -1987" and
"1999  Outstanding  Citizen of the Year - Kingsville  Chamber of Commerce".  Mr.
Anthony  received  an  M.S.  in  Engineering  Mechanics  in 1973  and a B.S.  in
Engineering Mechanics in 1969 from Pennsylvania State University.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

     10.01  Employment Agreement Agreement between Uranium Energy Corp. and
            Harry Anthony dated February 15, 2006.





                                   SIGNATURES


In accordance with the requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.



                                           URANIUM ENERGY CORP.


Date:  February 17, 2006                   By: /s/ AMIR ADNANI
                                           _____________________________________
                                           Amir Adnani
                                           President and Chief Executive Officer

EX-10

                                                                   EXHIBIT 10-01









                              EMPLOYMENT AGREEMENT









                                    BETWEEN:




                              URANIUM ENERGY CORP.









                                      AND:




                                  HARRY ANTHONY









                              URANIUM ENERGY CORP.
    318 Homer Street, Suite 401, Vancouver, British Columbia, Canada, V6B 2V2





                              EMPLOYMENT AGREEMENT


                  THIS  EMPLOYMENT  AGREEMENT is made and dated for reference as
fully executed on this ______ day of February, 2006.


BETWEEN:

                  URANIUM ENERGY CORP., a company incorporated under the laws of
                  the State of Nevada,  U.S.A.,  and having an executive  office
                  and an address  for notice and  delivery  located at 318 Homer
                  Street,  Suite 401, Vancouver,  British Columbia,  Canada, V6B
                  2V2

                  (the "COMPANY");
                                                               OF THE FIRST PART

AND:

                  HARRY  ANTHONY,  businessperson,  having an address for notice
                  and  delivery  located  at  P.O.  Box  1328,  Kingsville,   TX
                  78364-1328

                  (the "EMPLOYEE");
                                                              OF THE SECOND PART

                  (the Company and the  Employee  being  hereinafter  singularly
                  also referred to as a "PARTY" and collectively  referred to as
                  the "PARTIES" as the context so requires).


                  WHEREAS:

A. The Company is a reporting company  incorporated  under the laws of the State
of Nevada,  U.S.A.,  and has its common  shares listed for trading on the NASDAQ
Over-The-Counter Bulletin Board under the symbol URME;

B. The Employee has  experience in and  specializes  in providing  reporting and
non-reporting companies with valuable management and operational services;


                  NOW THEREFORE THIS AGREEMENT WITNESSETH that, in consideration
of the mutual covenants and provisos herein contained,  THE PARTIES HERETO AGREE
AS FOLLOWS:





                                      -2-


                                    ARTICLE 1
                   GENERAL SERVICES AND DUTIES OF THE EMPLOYEE

1.1  GENERAL  SERVICES.  During  the continuance  of this  Agreement the Company
hereby  agrees to retain  the  Employee  as the Chief  Operating  Officer of the
Company. He will also become a director of the Company.

1.2  ADDITIONAL DUTIES  RESPECTING THE GENERAL  SERVICES.  Without in any manner
limiting the  generality of the General  Services to be provided as set forth in
section  "2.1"  hereinabove,  it is hereby  also  acknowledged  and agreed  that
Employee will,  during the continuance of this Agreement,  devote  substantially
all of the Employee's employment time to the General Services of the Employee as
may be determined  and required by the Board of Directors of the Company for the
performance of said General Services faithfully,  diligently, to the best of the
Employee's abilities and in the best interests of the Company and,  furthermore,
that the  Employee's  employment  time will be  prioritized at all times for the
Company in that regard.

1.3  ADHERENCE  TO RULES  AND  POLICIES  OF THE  COMPANY.  The  Employee  hereby
acknowledges  and  agrees  to  abide  by  the  reasonable  rules,   regulations,
instructions,  personnel  practices  and policies of the Company and any changes
therein  which  may be  adopted  from  time to time by the  same as such  rules,
regulations,  instructions,  personnel  practices and policies may be reasonably
applied to the Employee as the Chief Operating Officer of the Company.


                                    ARTICLE 2
                          EFFECTIVENESS AND TERMINATION

2.1  EFFECTIVENESS OF THE AGREEMENT. This Agreement becomes effective and
commences on February 15, 2006 (the "EFFECTIVE DATE").

2.2  TERMINATION WITHOUT CAUSE BY ANY PARTY. Notwithstanding any other provision
of this Agreement, this Agreement may be terminated by any of the Parties hereto
at any  time  after  the  Effective  Date and  during  the  continuance  of this
Agreement  upon  such  Party's  delivery  to the other  Parties  hereto of prior
written notice of its intention to do so (the "NOTICE OF  TERMINATION") at least
120  calendar  days prior to the  effective  date of any such  termination  (the
"EFFECTIVE  TERMINATION  DATE").  In  any  such  event  the  Employee's  ongoing
obligation  to  provide  the  General  Services  will  continue  only  until the
Effective Termination Date and the Company shall continue to pay to the Employee
all of  the  amounts  otherwise  payable  to  the  Employee  under  Article  "4"
hereinbelow until the Effective Termination Date.


                                    ARTICLE 3
                          COMPENSATION OF THE EMPLOYEE

3.1  FEE. It is hereby acknowledged and agreed that the Employee shall render
the  General  Services as defined  hereinabove  during the  continuance  of this
Agreement  and  shall  thus  be  compensated  from  the  Effective  Date of this
Agreement to the termination of the same by way of the payment by the Company to
the  Employee,  or to the  further  order or  direction  of the  Employee as the
Employee may determine,  in the  Employee's  sole and absolute  discretion,  and
advise the Company of prior to such  payment,  of the gross  monthly fee of U.S.
$10,000.00 (the "Fee").





                                      -3-


3.2  REIMBURSEMENT  OF EXPENSES.  It is hereby  acknowledged and agreed that the
Employee shall also be reimbursed for all direct,  reasonable  expenses actually
and  properly   incurred  by  the  Employee  for  the  benefit  of  the  Company
(collectively,  the "EXPENSES");  and which Expenses,  it is hereby acknowledged
and agreed, shall be payable by the Company to the order,  direction and account
of the Employee as the Employee may designate in writing,  from time to time, in
the Employee's sole and absolute  discretion,  as soon as conveniently  possible
after  the  prior   delivery   by  the   Employee  to  the  Company  of  written
substantiation on account of each such reimbursable Expense.

3.3  OPTIONS. As soon as reasonably practicable after the Effective Date hereof,
it is hereby  acknowledged  and agreed that the Employee will be granted 250,000
share options to purchase restricted common shares in the capital of the Company
at $0.50 per share for a 10 year term,  subject to the rules and policies of the
Regulatory Authorities and applicable securities legislation,  and the terms and
conditions of the Company's existing stock option plan (the "OPTION PLAN").

3.4  BENEFITS. It is hereby acknowledged and agreed that, during the continuance
of this Agreement,  the Employee shall be entitled to participate  fully in each
of the Company's  respective  medical services plans and management and employee
benefits program(s) when and as obtained (collectively, the "Benefits").


                                    ARTICLE 4
                     ADDITIONAL OBLIGATIONS OF THE EMPLOYEE

4.1  REPORTING.  At such  time or  times  as may be  required  by the  Board  of
Directors,  acting reasonably,  the Employee will provide the Board of Directors
with such information  concerning the results of the Employee's General Services
and  activities  hereunder for the previous  month as the Board of Directors may
reasonably require.

4.2  NO CONFLICT, NO COMPETITION AND NON-CIRCUMVENTION. During the continuance
of this  Agreement  the  Employee  shall not engage in any  business or activity
which  reasonably  may detract from or conflict with the  Employee's  respective
duties and obligations to the Company as set forth in this Agreement without the
prior written consent of the Board of Directors.

4.3  CONFIDENTIALITY. The Employee will not, except as authorized or required by
the Employee's  duties  hereunder,  reveal or divulge to any person or companies
any information concerning the organization, business, finances, transactions or
other affairs of the Company or of any of the Company's respective  subsidiaries
which  may come to the  Employee's  knowledge  during  the  continuance  of this
Agreement,  and the  Employee  will keep in complete  secrecy  all  confidential
information  entrusted  to the  Employee  and will not use or attempt to use any
such information in any manner which may injure or cause loss either directly or
indirectly to the Company's Business  interests.  This restriction will continue
to apply after the termination of this Agreement  without limit in point of time
but will  cease to apply to  information  or  knowledge  which may come into the
public domain.





                                      -4-


4.4 COMPLIANCE WITH APPLICABLE LAWS. The Employee will comply with all Canadian,
U.S. and foreign laws, whether federal,  provincial or state,  applicable to the
Employee's  duties  hereunder and, in addition,  hereby  represents and warrants
that any  information  which the  Employee  may provide to any person or company
hereunder will, to the best of the Employee's knowledge, information and belief,
be accurate and complete in all material  respects and not misleading,  and will
not omit to state any fact or information which would be material to such person
or company.

4.5 OPINIONS,  REPORTS AND ADVICE OF THE EMPLOYEE. The Employee acknowledges and
agrees  that all  written  and oral  opinions,  reports,  advice  and  materials
provided  by the  Employee  to the  Company in  connection  with the  Employee's
engagement  hereunder are intended solely for the Company's  benefit and for the
Company's  uses only,  and that any such  written  and oral  opinions,  reports,
advice and information are the exclusive property of the Company.

4.6 EMPLOYEE'S  BUSINESS CONDUCT.  The Employee warrants that the Employee shall
conduct  the  business  and other  activities  in a manner  which is lawful  and
reputable  and which brings good repute to the Company,  the Business  interests
and the Employee.  In particular,  and in this regard, the Employee specifically
warrants to provide the General Services in a sound and professional manner such
that the same  meets  superior  standards  of  performance  quality  within  the
standards of the industry or as set by the specifications of the Company.

                                    ARTICLE 5
                      INDEMNIFICATION AND LEGAL PROCEEDINGS

5.1 INDEMNIFICATION.  The Parties hereto hereby each agree to indemnify and save
harmless  the  other  Party  hereto  and  including,  where  applicable,   their
respective  subsidiaries and affiliates and each of their respective  directors,
officers,  Employees and agents (each such party being an  "INDEMNIFIED  PARTY")
harmless  from  and  against  any  and  all  losses,  claims,   actions,  suits,
proceedings,  damages,  liabilities  or expenses of whatever  nature or kind and
including,  without  limitation,  any  investigation  expenses  incurred  by any
Indemnified Party, to which an Indemnified Party may become subject by reason of
the terms and conditions of this Agreement.


                                    ARTICLE 6
                               GENERAL PROVISIONS

6.1 ENTIRE  AGREEMENT.  This Agreement  constitutes the entire agreement to date
between the Parties hereto and supersedes every previous agreement, expectation,
negotiation,  representation or understanding,  whether oral or written, express
or implied,  statutory  or  otherwise,  between the Parties  with respect to the
subject matter of this Agreement.

6.2 NO ASSIGNMENT. This Agreement may not be assigned by any Party hereto except
with the prior written consent of the other Parties.

6.3 NOTICE. Each notice, demand or other communication  required or permitted to
be given under this  Agreement  shall be in writing and shall be sent by prepaid





                                      -5-


registered mail deposited in a recognized post office and addressed to the Party
entitled to receive the same,  or  delivered  to such Party,  at the address for
such Party specified on the front page of this Agreement. The date of receipt of
such notice, demand or other communication shall be the date of delivery thereof
if  delivered,  or, if given by registered  mail as  aforesaid,  shall be deemed
conclusively  to be the third  business  day after the same  shall  have been so
mailed,  except in the case of  interruption  of postal  services for any reason
whatsoever,  in which  case the date of  receipt  shall be the date on which the
notice, demand or other communication is actually received by the addressee. Any
Party may at any time and from time to time notify the other  Parties in writing
of a change of address and the new address to which  notice shall be given to it
thereafter until further change.

6.4  TIME OF THE ESSENCE.   Time will be of the essence of this Agreement.

6.5  ENUREMENT.  This Agreement will enure to the benefit of and will be binding
upon the Parties hereto and their respective  heirs,  executors,  administrators
and assigns.

6.6  CURRENCY. Unless  otherwise  stipulated,  all payments  required to be made
pursuant to the  provisions of this  Agreement  and all money amount  references
contained herein are in lawful currency of the United States.

6.7  FURTHER ASSURANCES.  The Parties will from time to time after the execution
of this  Agreement  make,  do,  execute  or cause or permit to be made,  done or
executed, all such further and other acts, deeds, things, devices and assurances
in law whatsoever as may be required to carry out the true intention and to give
full force and effect to this Agreement.

6.8  APPLICABLE LAW. The situs of this Agreement is Las Vegas,  Nevada,  U.S.A.,
and  for  all  purposes  this  Agreement  will be  governed  exclusively  by and
construed and enforced in accordance with the laws and Courts  prevailing in the
State of Nevada, U.S.A..

6.9  SEVERABILITY AND CONSTRUCTION.  Each Article, section,  paragraph, term and
provision  of this  Agreement,  and any  portion  thereof,  shall be  considered
severable,  and if, for any reason,  any portion of this Agreement is determined
to be invalid,  contrary to or in conflict with any applicable present or future
law,  rule or  regulation  in a final  unappealable  ruling issued by any court,
agency or tribunal  with valid  jurisdiction  in a proceeding to which any Party
hereto is a party,  that ruling shall not impair the  operation  of, or have any
other effect upon, such other portions of this Agreement as may remain otherwise
intelligible  (all of which shall remain  binding on the Parties and continue to
be given full  force and  effect as of the date upon  which the  ruling  becomes
final).

6.10 CAPTIONS.  The captions,  section numbers and Article numbers  appearing in
this  Agreement are inserted for  convenience  of reference only and shall in no
way define,  limit,  construe or describe the scope or intent of this  Agreement
nor in any way affect this Agreement.

6.11 COUNTERPARTS. This Agreement may be signed by the Parties hereto in as many
counterparts as may be necessary, and via facsimile if necessary,  each of which
so  signed  being  deemed  to be an  original  and  such  counterparts  together
constituting  one and the  same  instrument  and,  notwithstanding  the  date of
execution,  being  deemed to bear the  Effective  Date as set forth on the front
page of this Agreement.





                                      -6-


                  IN WITNESS  WHEREOF the Parties hereto have hereunto set their
respective hands and seals as at the Effective Date as hereinabove determined.


The COMMON SEAL of                          )
URANIUM ENERGY CORP.,                       )
____________________                        )
the Company herein, was hereunto affixed    )
in the presence of:                         )                  (C/S)
                                            )
                                            )
____________________                        )
Authorized Signatory                        )


SIGNED, SEALED and DELIVERED by             )
HARRY ANTHONY,                              )
____________________
the Employee herein, in the presence of:    )
                                            )
                                            )
____________________                        )
Witness Signature                           )
                                                  ______________________________
                                            )               HARRY ANTHONY
____________________                        )
Witness Address                             )
                                            )
___________________________                 )
Witness Name and Occupation                 )