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                            February 29, 2024

       Pat Obara
       Chief Financial Oficer
       Uranium Energy Corp
       500 North Shoreline, Ste. 800
       Corpus Christi, Texas, USA

                                                        Re: Uranium Energy Corp
                                                            Form 10-K for the
Fiscal Year Ended July 1, 2023
                                                            Filed September 29,
2023
                                                            File No. 001-33706

       Dear Pat Obara:

                                                        We have reviewed your
filing and have the following comments.

              Please respond to this letter within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe a
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to this letter, we may have additional comments.

       Form 10-K for the Fiscal Year Ended July 1, 2023

       Item 2. Description of Properties, page 28

   1.                                                   It appears there are
inconsistencies between the notes to the summary resource table and
                                                        certain individual
property resource tables. For example, note 4 to Table 2.5 indicates a
                                                        long-term uranium price
of $40 per pound for ISR projects and $65 per pound for
                                                        conventional projects,
however Table 2.41 on page 87 discloses pricing of $56 per pound.

                                                        Additionally, note 5 to
Table 2.5 states that resources are 100% attributable to the
                                                        company, however Table
2.42 on page 93 states that the resources in the table are based
                                                        on UEC's 49.0975%
equity in the project.

                                                        We also note that you
have included two tables identified as Table 2.42, including Table
                                                        2.42 on page 93 and
Table 2.42 on page 90.

                                                        Please revise to ensure
the pricing and attributable resource disclosures are consistent
                                                        between individual
property resource tables and the summary resource table, and correct
                                                        the table numbers
listed with each table.
 Pat Obara
Uranium Energy Corp
February 29, 2024
Page 2
2.       We note that several of the properties that have been included in
Table 2.6, Year over
         Year Changes in Mineral Resources, were acquired during the fiscal
year ending 2023,
         however resource estimates related to these properties are reflected
in the fiscal year
         ending 2022. Please revise as necessary.
3.       As necessary please revise all individual property mineral resource
tables to include the
         point of reference, the price, the cut-off grade, and the
metallurgical recovery factor as
         required by Item 1304(d)(1) of Regulation S-K.
Item 15. Exhibits, Financial Statement Schedules
96.4, page 151

4.       We note that you have assumed a cut-off grade of 0.05% U3O8 for your
Horseshoe-Raven
         mineral resource, however you have not included underground mining
costs in the cut-off
         grade calculation. Mining costs must be included in the cut-off
calculation in order to
         establish a reasonable prospect of economic extraction; similar to
mining costs that were
         included in the Roughrider Uranium technical report summary, provided
at Exhibit 96.10.

         Please revise the technical report summary to include mining costs in
the cut-off grade
         calculation, and revise the resource disclosure as necessary.

         Please review your other technical report summaries to ensure that
mining costs have been
         included in the cut-off grade, as necessary.
5.       We note that disclosures under Reliance on Other Experts, on page 134
of the Technical
         Report Summary, include categories of information beyond those that
are permissible
         under Item 1302(f)(1) of Regulation S-K.

         For example, in one paragraph of this section, the qualified person
indicates there has
         been reliance with regard to content in Section 10, exclusively on
information and data
         supplied by UEX.

         Please discuss this observation with the qualified person and arrange
to obtain and file
         a revised technical Report Summary that is consistent with the
requirements in Item
         1302(f)(2) of Regulation S-K.
FirstName LastNamePat Obara
       We generally anticipate that qualified persons would validate and
discuss information
Comapany    NameUranium
       utilized in preparingEnergy  Corp
                             the report that is not within the categories
listed in the guidance
       referenced  above,
February 29, 2024 Page 2  in an alternate and corresponding section of the
report.
FirstName LastName
 Pat Obara
FirstName LastNamePat
Uranium Energy Corp Obara
Comapany29,
February  NameUranium
            2024       Energy Corp
February
Page 3 29, 2024 Page 3
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Please contact John Coleman at 202-551-3610 or Craig Arakawa at
202-551-3650 if you
have questions regarding comments.



                                                          Sincerely,

                                                          Division of
Corporation Finance
                                                          Office of Energy &
Transportation