Note 1 - Nature of Operations	6 Months Ended
Jan. 31, 2019
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 1: NATURE OF OPERATIONS Uranium Energy Corp. was incorporated in the State of Nevada on May 16, 2003 . Uranium Energy Corp. and its subsidiary companies and a controlled partnership (collectively, the “Company” or “we”) are engaged in uranium and titanium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates and titanium minerals, on projects located in the United States, in Canada and in the Republic of Paraguay. Although planned principal operations have commenced from which significant revenues from sales of uranium concentrates were realized for the fiscal years ended July 31, 2015 ( “Fiscal 2015” ), July 31, 2013 ( “Fiscal 2013” ) and July 31, 2012 ( “Fiscal 2012” ), we have yet to achieve profitability and have had a history of operating losses resulting in an accumulated deficit balance since inception. No revenue from uranium sales was realized for the six months ended January 31, 2019, or for the fiscal years ended July 31, 2018 ( “Fiscal 2018” ), July 31, 2017 ( “Fiscal 2017” ), July 31, 2016 ( “Fiscal 2016” ) or July 31, 2014 ( “Fiscal 2014” ). Historically, we have been reliant primarily on equity financings from the sale of our common stock and, during Fiscal 2014 and Fiscal 2013, on debt financing in order to fund our operations, and this reliance is expected to continue for the foreseeable future. During the six months ended January 31, 2019, we completed a public offering of 12,613,049 units at a price of $1.60 per unit for gross proceeds of $20.2 million, and received cash proceeds of $2.6 million from the exercise of stock options and warrants, which substantially increased our cash and cash equivalent and improved our working capital position. At January 31, 2019, we had working capital of $22.3 million including cash and cash equivalents of $4.0 million and short-term investments of $18.0 million. On December 5, 2018, we entered into a third amended and restated credit agreement (the “Third Amended and Restated Credit Agreement”), whereby we and our lenders agreed to certain further amendments to our $20 million senior secured credit facility (the “Credit Facility”), whereby the maturity date was extended from January 1, 2020 to January 31, 2022, and whereby the prior monthly principal payments were deferred until the new maturity date of January 31, 2022. As a result, the $15.0 million principal amounts reported as current-portion of long-term debt at October 31, 2018 has been removed from our capital resource requirement for the next 12 months. As a consequence, our existing cash resources as at January 31, 2019 are expected to provide sufficient funds to carry our planned operations for the next 12 months from the date that our condensed consolidated financial statements are issued. Our continuation as a going concern for a period beyond 12 months will be dependent upon our ability to obtain adequate additional financing, as our operations are capital intensive and future capital expenditures are expected to be substantial. Our continued operations, including the recoverability of the carrying values of our assets, are dependent ultimately on our ability to achieve and maintain profitability and positive cash flow from our operations.

NOTE

NATURE OF OPERATIONS

Uranium Energy Corp. was incorporated in the State of Nevada on

May 16, 2003

Uranium Energy Corp. and its subsidiary companies and a controlled partnership (collectively, the “Company” or “we”) are engaged in uranium and titanium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates and titanium minerals, on projects located in the United States, in Canada and in the Republic of Paraguay.

Although planned principal operations have commenced from which significant revenues from sales of uranium concentrates were realized for the fiscal years ended

July 31, 2015 (

“Fiscal

2015”

July 31, 2013 (

“Fiscal

2013”

) and

July 31, 2012 (

“Fiscal

2012”

), we have yet to achieve profitability and have had a history of operating losses resulting in an accumulated deficit balance since inception.

revenue from uranium sales was realized for the

six

months ended

January 31, 2019,

or for the fiscal years ended

July 31, 2018 (

“Fiscal

2018”

July 31, 2017 (

“Fiscal

2017”

July 31, 2016 (

“Fiscal

2016”

) or

July 31, 2014 (

“Fiscal

2014”

). Historically, we have been reliant primarily on equity financings from the sale of our common stock and, during Fiscal

2014

and Fiscal

2013,

on debt financing in order to fund our operations, and this reliance is expected to continue for the foreseeable future.

During the

six

months ended

January 31, 2019,

we completed a public offering of

12,613,049

units at a price of

$1.60

per unit for gross proceeds of

$20.2

million, and received cash proceeds of

$2.6

million from the exercise of stock options and warrants, which substantially increased our cash and cash equivalent and improved our working capital position. At

January 31, 2019,

we had working capital of

$22.3

million including cash and cash equivalents of

$4.0

million and short-term investments of

$18.0

million. On

December 5, 2018,

we entered into a

third

amended and restated credit agreement (the “Third Amended and Restated Credit Agreement”), whereby we and our lenders agreed to certain further amendments to our

$20

million senior secured credit facility (the “Credit Facility”), whereby the maturity date was extended from

January 1, 2020

January 31, 2022,

and whereby the prior monthly principal payments were deferred until the new maturity date of

January 31, 2022.

As a result, the

$15.0

million principal amounts reported as current-portion of long-term debt at

October 31, 2018

has been removed from our capital resource requirement for the next

months. As a consequence, our existing cash resources as at

January 31, 2019

are expected to provide sufficient funds to carry our planned operations for the next

months from the date that our condensed consolidated financial statements are issued. Our continuation as a going concern for a period beyond

months will be dependent upon our ability to obtain adequate additional financing, as our operations are capital intensive and future capital expenditures are expected to be substantial. Our continued operations, including the recoverability of the carrying values of our assets, are dependent ultimately on our ability to achieve and maintain profitability and positive cash flow from our operations.