Uranium Energy Corp

Climate Impact & Sustainability Data (2022, 2024)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:509.64 MT CO2e (Texas operations only)

Scope 1 Emissions:370.27 MT CO2e (Texas operations only)

Scope 2 Emissions:139.37 MT CO2e (Texas operations only)

Scope 3 Emissions:N/A

Renewable Energy Share:53.66% (Texas operations only)

Total Energy Consumption:1,638,421.2 GJ (Texas operations only)

Water Consumption:39,522 m3 Total freshwater withdrawn; 32,300 m3 Total freshwater consumed (Texas operations only)

Waste Generated:25.02 MT total byproduct waste; 0.943 MT non-hazardous solid waste (Texas operations only)

Carbon Intensity:Not disclosed

ESG Focus Areas

Governance
Environment
Social

Environmental Achievements

Quantified Scope 1 and 2 emissions for Palangana ISR project and Hobson processing facility
Achieved carbon neutrality for Hobson Processing Plant through investment in a local wind farm project
Approved Environmental, Health & Safety Policy and established internal policies and procedures for Waste Management and Recycling and GHG Emissions Management
In final regulatory stages of returning 68 acres of wellfield land to its owner through land reclamation program
Recycled approximately 95 percent of the groundwater used in the ISR process

Social Achievements

Obtained an industry-leading safety record with zero employee health and safety or environmental incidents
Contributed $40,153 towards scholarships supporting students to enter into uranium mining and related studies

Governance Achievements

Hired Vice President of ESG & Sustainability and held the inaugural meeting of the Sustainability Committee of the Board
Conducted an ESG materiality assessment and began implementing a full ESG program for all Company operations
Approved the Company’s official Anti-Corruption Policy

Climate Goals & Targets

Long-term Goals:

Maintain zero reportable environmental incidents or environmental fines annually
Strive for a diverse workplace representing our communities
Make a positive contribution to our communities

Medium-term Goals:

Achieve net-zero emissions for U.S. ISR projects

Short-term Goals:

Improve GHG emissions tracking platforms across all operations; create emissions inventory for Wyoming and Saskatchewan projects
Conduct a climate risk assessment aligned with TCFD recommendations
Begin development of a decarbonization roadmap for Scope 1 and 2 emissions
Evaluate new carbon emissions reduction technologies
Achieve 30% female representation on the Board

Environmental Challenges

Decarbonizing operations
Managing GHG emissions
Addressing climate-related risks and opportunities
Maintaining water quality within permissible limits in some wells due to external influence of adjacent salt dome

Mitigation Strategies

Measuring GHG emissions, developing a decarbonization roadmap, and setting emissions reduction targets
Purchasing carbon credits to offset emissions
Investing in renewable energy sources
Conducting a climate-risk assessment
Implementing energy efficiency measures
Continuing to monitor wells and track water quality, requesting reassessment from TCEQ

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

Not disclosed

Transition Risks

Not disclosed

Opportunities

Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

Not disclosed

Not disclosed

Sustainable Products & Innovation

Not disclosed

Awards & Recognition

Wyoming Mining Association Safety Award (3rd place)

Reporting Period: 2024