X0202 4 2007-11-12 0 0001334933 URANIUM ENERGY CORP UEC 0001228958 PASSPORT MANAGEMENT LLC C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001352427 Passport Global Master Fund SPC Ltd C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001400590 Passport Materials Master Fund, LP C/O PASSPORT MANAGEMENT, LLC 30 HOTALING ST, STE 300 SAN FRANCISCO CA 94111 0 0 1 0 0001375699 Partners Group Alternative Strategies PCC Ltd Gold Iota Cell C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001352428 Passport Capital, LLC C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001352425 Burbank John Howard III C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 Common Stock 2007-07-09 2007-07-12 4 P 0 20000 3.3361 A 3839080 I See Notes Common Stock 2007-07-10 2007-07-13 4 P 0 20000 3.25 A 3859080 I See Notes Common Stock 2007-07-11 2007-07-16 4 P 0 10000 3.5 A 3869080 I See Notes Common Stock 2007-07-18 2007-07-23 4 P 0 5000 3.5 A 3874080 I See Notes Common Stock 2007-07-19 2007-07-24 4 P 0 21920 3.5 A 3896000 I See Notes Common Stock 2007-07-20 2007-07-25 4 P 0 25000 3.5 A 3921000 I See Notes Common Stock 2007-07-23 2007-07-26 4 P 0 25000 3.4984 A 3946000 I See Notes Common Stock 2007-07-24 2007-07-27 4 P 0 600 3.45 A 3946600 I See Notes Common Stock 2007-07-25 2007-07-30 4 P 0 50000 3.45 A 3996600 I See Notes Common Stock 2007-07-30 2007-08-02 4 P 0 33300 3.4375 A 4029900 I See Notes Common Stock 2007-07-31 2007-08-03 4 P 0 25000 3.3726 A 4054900 I See Notes Common Stock 2007-08-01 2007-08-06 4 P 0 6100 3.4 A 4061000 I See Notes Common Stock 2007-08-02 2007-08-07 4 P 0 4000 3.45 A 4065000 I See Notes Common Stock 2007-08-03 2007-08-08 4 P 0 149500 3.5 A 4214500 I See Notes Common Stock 2007-08-06 2007-08-09 4 P 0 34150 3.4969 A 4248650 I See Notes Common Stock 2007-08-07 2007-08-10 4 P 0 13787 3.4898 A 4262437 I See Notes Common Stock 2007-08-08 2007-08-13 4 P 0 55900 3.4947 A 4318337 I See Notes Common Stock 2007-08-09 2007-08-14 4 P 0 12600 3.4406 A 4330937 I See Notes Common Stock 2007-08-10 2007-08-15 4 P 0 38800 3.4725 A 4369737 I See Notes Common Stock 2007-08-10 2007-08-15 4 P 0 50000 3.4318 A 4419737 I See Notes Common Stock 2007-08-13 2007-08-16 4 P 0 61200 3.5 A 4480937 I See Notes Common Stock 2007-08-14 2007-08-17 4 P 0 60859 3.4131 A 4541796 I See Notes Common Stock 2007-08-15 2007-08-20 4 P 0 1000 3.45 A 4542796 I See Notes Common Stock 2007-08-15 2007-08-20 4 P 0 24641 3.4944 A 4567437 I See Notes Common Stock 2007-08-16 2007-08-21 4 P 0 20400 2.9998 A 4587837 I See Notes Common Stock 2007-08-16 2007-08-21 4 P 0 100000 2.9884 A 4687837 I See Notes Common Stock 2007-08-16 2007-08-21 4 P 0 3500 3.0957 A 4691337 I See Notes Common Stock 2007-08-17 2007-08-22 4 P 0 62300 3.1497 A 4753637 I See Notes Common Stock 2007-08-20 2007-08-23 4 P 0 32000 3.15 A 4785637 I See Notes Common Stock 2007-08-21 2007-08-24 4 P 0 13171 3.1 A 4798808 I See Notes The securities beneficially owned following the reported transactions are held for the account of Passport Global Master Fund SPC Ltd for and on behalf of portfolio A - global strategy (3,397,960 shares) a British Virgin Islands segregated portfolio company, Passport Materials Master Fund, LP (1,400,000 shares) a British Virgin Islands limited partnership, and Partners Group Alternative Strategies PCC Limited Gold Iota Cell (144,400 shares) a Guernsey protected cell company ("Fund I", "Fund II", and "Fund III" respectively, and together the "Funds"). Passport Management, LLC, a Delaware limited liability company ("Passport Management") is the investment manager to the Funds. Passport Capital, LLC, a Delaware limited liability company ("Passport Capital") is the managing member of Passport Management. John H. Burbank III, a natural person ("Burbank"), is the sole managing member of Passport Capital. As a result, each of Passport Management, Passport Capital and Burbank may be considered to indirectly beneficially own the securities directly beneficially owned by the Funds. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Burbank is deemed to be a beneficial owner of the shares beneficially owned by Fund I or Fund II only to the extent of the greater of his respective direct or indirect interest in the profits or capital account of such Funds. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that Mr. Burbank is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities owned by the Funds in excess of such amount. /s/ JOHN H BURBANK III 2007-12-12