Uranium Energy Corp Receives Additional Non-Dilutive $10M, Extends Loan Facility to July 2016 and Provides Operations Update

 Uranium Energy Corp Receives Additional Non-Dilutive $10M, Extends Loan  Facility to July 2016 and Provides Operations Update  NYSE MKT Equities Exchange Symbol - UEC            --  Maturity of existing credit facility extended by two years to             further strengthen the Company's working capital position and             financial flexibility;         --  Substantial liquidity injection that is non-dilutive to             shareholders through a drawdown of an additional $10M to             advance the Company's hub-and-spoke production platform in             South Texas;         --  Continued support from two of the most respected investors in             the natural resource sector; and         --  Developments to continue at the Palangana, Goliad and Burke             Hollow ISR Projects and increased extraction to come online             with a sustained improvement in uranium prices, which is             expected in 2014 on the back of reactor restarts in Japan.  CORPUS CHRISTI, TX, March 14, 2014 /CNW/ - Uranium Energy Corp (NYSE MKT: UEC)  (the "Company" or "UEC") is pleased to announce that the Company, Sprott  Resource Lending Partnership and CEF Capital Markets Limited (the "Lenders")  have agreed to extend the previously announced $20,000,000 senior secured  credit facility (the "Credit Facility") by deferring required principal  payments by two years and extending the Credit Facility by two years to now a  full four years (together, the "Credit Facility Extension").  The Company has drawn down a further $10,000,000, bringing the total principal  amount outstanding under the Credit Facility Extension to $20,000,000.  Amir Adnani, President and CEO, stated, "The $10 million drawdown combined  with the Credit Facility Extension have significantly strengthened UEC's  financial position in a manner which is non-dilutive to our shareholders.  We  will be utilizing this injection of growth capital to continue advancing our  Texas hub-and-spoke production platform."  CEF's Chairman and CEO, Warren Gilman stated, "Our investment in UEC is based  on the uniqueness and quality of their assets as well as the strength of its  management team.  We are pleased to continue our support of the Company as it  positions itself as the leading uranium producer in the U.S."  Narinder Nagra, President of Sprott Resource Lending Corp., added, "We  anticipate improving conditions in the uranium market driven by the continued  growth of nuclear power globally and strong supply-demand fundamentals for  uranium over the medium to long-term. We support UEC's goal of becoming an  important and strategic producer in the U.S., which despite being the world's  largest consumer of nuclear power, is presently heavily dependent on imported  uranium supply to fuel its nuclear reactors."  Uranium Market and Operations Update  The long-term fundamentals for both nuclear power and the uranium price are  very strong however this strength is not currently reflected in uranium  prices.  The current spot price of uranium is below the average economic cost  to produce uranium from currently operating mines globally, and is well below  the average economic cost to develop new production.  The current uranium price environment has reduced both existing production and  the pipeline of uranium development projects globally resulting in even  greater uranium supply shortfalls in the future, which in turn will lead to  greater upward pressure on the uranium price.  As a result of the aforementioned status of the uranium market, the Company's  near-term growth strategy of its hub-and-spoke production platform will focus  on permitting, resource expansion and pre-extraction activities at its  satellite projects.  Concurrently, operations will continue at the Hobson  Processing Plant and the Palangana ISR Mine, maintaining our core operating  team and personnel.  This strategy will position UEC to scale its operations  relatively quickly as the uranium price strengthens, enabling the Company to  realize additional cash flows and higher rates of return.  The Goliad ISR Project is one of the key components of the Company's  hub-and-spoke production platform and preserving the full resource base until  an improvement in uranium prices is anticipated to improve the project's  financial returns and create greater shareholder value.  Hence, while all  long-lead items have been ordered and received, the final completion of the  wellfield, deep disposal well and ion-exchange plant will be in accord with  the uranium price environment which is expected to improve in 2014 on the back  of reactor restarts in Japan.  The Burke Hollow ISR Project advances on multiple fronts including an  accelerated production permitting program and ongoing resource exploration and  delineation as recently disclosed in a press release dated February 27, 2014.  UEC is positioned as a low-cost producer in the US uranium mining industry  with the Hobson Plant having a physical capacity of two million pounds per  year and a pipeline of permitted and extraction-ready projects to come online  at sustainably higher uranium prices.  Credit Facility Extension  In addition to the existing terms of the Credit Facility, an annual fee of  4.5%, payable in common shares of the Company (the "Extension Annual Fee Share  Payment"), on the outstanding principal balance on such date, if any, plus  $50,000 cash (the "Extension Annual Fee Cash Payment") is payable by the  Company to the Lenders on each of July 31, 2015 and July 31, 2016 (each an  "Extension Annual Fee Payment Date") should any principal be outstanding at  such time.  The Extension Annual Fee Share Payment is to be payable (if at  all) in such number of common shares of the Company determined on the basis of  a 10% discount to the five-trading-day volume-weighted average closing price  of the Company's common shares on the NYSE MKT immediately prior to the  applicable date.  In connection with the Credit Facility Extension, the Company is required to  issue a total of 100,000 common shares in the Company to the Lenders as an  extension fee and extend the term of the existing bonus warrants previously  issued to the Lenders by two years.  No Extension Annual Fee Share Payment or  Extension Annual Fee Cash Payment shall be payable on an Extension Annual Fee  Payment Date should the Loan be repaid in full prior to such date.  The securities referred to in this news release have not been registered under  the U.S. Securities Act of 1933, as amended, and may not be offered or sold in  the United States absent registration or an applicable exemption from  registration requirements.  About Sprott Resource Lending Corp.  Sprott Resource Lending Corp. is a natural resource lender focused on  providing financing to mining and oil and gas companies. In July 2013, Sprott  Inc. completed the acquisition of Sprott Resource Lending Corp. which now  operates as a subsidiary of Sprott Inc.  About CEF (Capital Markets) Limited  CEF (Capital Markets) Limited is owned by CEF Holdings Limited which is owned  50% by Cheung Kong (Holdings) Limited and 50% by the Canadian Imperial Bank of  Commerce ("CIBC"). Cheung Kong (Holdings) Limited is the publicly-listed  flagship company of the Cheung Kong Group of companies, the Hong Kong based  multi-national conglomerate with a combined market cap of the Group in excess  of $100 billion as of February 28, 2013. CIBC is a leading North American  financial institution with operations around the world. CEF is an investor in  significant resource assets on a global basis.  About Uranium Energy Corp  Uranium Energy Corp is a U.S.-based uranium mining and exploration company.   The Company's fully licensed and permitted Hobson processing facility is  central to all of its projects in South Texas, including the operating  Palangana in-situ recovery mine and the Goliad in-situ recovery project which  is currently in construction.  The Company's operations are managed by  professionals with a recognized profile for excellence in their industry, a  profile based on many decades of hands-on experience in the key facets of  uranium exploration, development and mining.  Safe Harbor Statement  Certain information contained in this news release constitutes  "forward-looking statements" as such term is used in applicable United States  and Canadian laws.  Generally, these forward-looking statements can be  identified by the use of forward-looking terminology such as "expects" or  "does not expect", "is expected", "anticipates" or "does not anticipate",  "plans", "estimates", "intends" or "believes", or that certain actions, events  or results "may", "could", "would", "might" or "will be taken", "occur", or  "be achieved".  Forward-looking statements are based on the opinions and estimates of  management as of the date such statements are made, and are subject to known  and unknown risks, uncertainties and other factors that may cause the actual  results, performance or achievements of UEC to be materially different from  those expressed or implied by such forward-looking statements.  Many of these  factors are beyond UEC's ability to control or predict.  Important factors  that may cause actual results to differ materially and that could impact UEC  and the statements contained in this news release can be found in UEC's  filings with the SEC.  Such risks and other factors include, among others,  variations in the underlying assumptions associated with the estimation or  realization of mineralization, the availability of financing on acceptable  terms, accidents, labor disputes, acts of God and other risks of the mining  industry including, without limitation, risk of liability under environmental  protection legislation, delays in obtaining governmental approvals or permits,  title disputes or claims limitations on insurance coverage.  UEC believes that  the expectations reflected in the forward-looking statements included in this  news release are reasonable; however, no assurance can be given that these  expectations will prove to be correct, and such forward-looking statements  should not be unduly relied upon.  For forward-looking statements in this news release, UEC claims the protection  of the safe harbor for forward-looking statements contained in the Private  Securities Litigation Reform Act of 1995.  UEC assumes no obligation to update  or supplement any forward-looking statements whether as a result of new  information, future events or otherwise. This press release shall not  constitute an offer to sell or the solicitation of an offer to buy securities.  Contact North America: Investor Relations, Uranium Energy Corp: Toll  Free:(866) 748-1030 Fax:(361) 888-5041 E-mail:info@uraniumenergy.com  Stock Exchange Information: NYSE MKT:UEC Frankfurt Stock Exchange  Symbol:U6Z WKN:AØJDRR ISN:US916896103    SOURCE  Uranium Energy Corp  Contact North America: Investor Relations, Uranium Energy Corp: Toll  Free:(866) 748-1030 Fax:(361) 888-5041 E-mail:info@uraniumenergy.com  Stock Exchange Information: NYSE MKT:UEC Frankfurt Stock Exchange  Symbol:U6Z WKN:AØJDRR ISN:US916896103  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/March2014/14/c5150.html  CO: Uranium Energy Corp ST: Texas NI: MNG LOAN MNA