Exhibit 4.5  Harry A. Moore Trust Agreement

                           URANIUM ENERGY CORPORATION



09/16105

Mr. T. H. Ward, Jr.
Harry A. Moore Trust 1924
NW 157th St
Edmond, OK 73013-1428

RE: Option to Acquire Drill Data currently owned by the Harry A. Moore Trust

Dear Mr. Ward:

I received the executed Option  Agreement in Friday evening's mail (9/16/05) and
am, by return mail, enclosing a check in the amount of five thousand ($5,000.00)
dollars as the initial payment required by the Option Agreement.

Additionally,  As per our  phone  conversation  of  September  13,  2005,  It is
mutually  agreed,  that as no  Production  Royalties  are  possible on prospects
(leases)  covered by drill data  owned by the  Trust,  and  subject to the above
referenced  executed  Option  Agreement  between  the Harry A.  Moore  Trust and
Uranium Energy Corp., that upon final execution of the Option Agreement, Uranium
Energy Corp. will issue fifty thousand  (50,000) sharers of Uranium Energy Corp.
stock to the Harry A. Moore Trust as additional compensation.

I will contact you in the next few days to make arrangements to review the data.
The due  diligence  period set forth in the Option  Agreement is for a period of
sixty days (60) from the execution date (9/13/05).

Thank you for your kind  assistance in completing the Option  Agreement.  I look
forward to meeting you and reviewing the Trust's drill information.

Sincerely,

/s/ Randall R. Reneau
---------------------
Randall R. Reneau
Chief Geologist/Director


(Fax CC: Amir Adnani, CEO)


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