Legal Proceedings
−Removed: As of the date of this Annual Report, other than as disclosed below, there are no material pending legal proceedings, other than ordinary routine litigation incidental to our business, to which our Company or any of our subsidiaries is a party or of which any of their property is subject, and no director, officer, affiliate or record or beneficial owner of more than 5% of our common stock, or any associate or any such director, officer, affiliate or security holder, is:
+Added: As of the date of this Annual Report, other than routine litigation incidental to our business or as disclosed below, we are not currently a party to any material pending legal proceedings that management believes would be likely to have a material adverse effect on our financial position, results of operations or cash flows.
+Added: In addition, there are no material pending legal proceedings to which any director, officer, affiliate or the Company, beneficial owner of more than 5% of our common stock, or any associate or any such director, officer, affiliate or security holder, is:
(i) a party adverse to us or any of our subsidiaries in any legal proceeding;
−Removed: or (ii) has an adverse interest to us or any of our subsidiaries in any legal proceeding.
−Removed: Other than as disclosed below, management is not aware of any other material legal proceedings pending or that have been threatened against us or our properties.
+Added: or (ii) has an adverse interest to us or any of our subsidiaries.
On or about March 9, 2011, the TCEQ granted our Company’s applications for a Class III Injection Well Permit, Permit Area Authorization and Aquifer Exemption (“ AE ”) for our Goliad Project.
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The executive director, via Executive Director’s Exceptions to the Proposal for Decision (“ PFD ”), respectfully disagreed with the recommendation presented in the PFD to remand the application to the executive director for further consideration.
−Removed: The executive director commented that the ALJ’s PFD improperly broaden the scope of the refereed contested case hearing;
+Added: The executive director commented that the ALJ’s PFD improperly broadened the scope of the refereed contested case hearing;
misapplied the application requirements in commission rule for providing geoscientific information;
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and prematurely imposed monitoring or corrective action requirements before the subject injection wells were drilled, constructed and tested.
−Removed: The TCEQ reissued the permits on August 28, 2024.
−Removed: Unless a Motion for Rehearing (“MFR”) is timely filed with the chief clerk, this action of the TCEQ will become final.
−Removed: A MFR must be received by the chief clerk’s office no later than the 25th day after the date that the commission’s order on this application is signed.
−Removed: We continue to believe that the pending appeal is without merit and we are continuing as planned towards uranium extraction at our fully-permitted Goliad Project.
−Removed: The Company has had communications and filings with the MOPC, the mining regulator in Paraguay, whereby the MOPC is taking the position that certain concessions forming part of the Company’s Yuty, Alto Parana and Colonel Oviedo Projects are not eligible for extension as to exploration or continuation to exploitation in their current stages.
+Added: The TCEQ reissued the permits on September 4, 2024.
+Added: A Motion for Rehearing was filed on November 21, 2024.
+Added: No other information is available on the potential proceeding at this time.
+Added: We continue to believe that the pending appeal is without merit and that the Goliad Project remains fully permitted for uranium extraction.
+Added: The Company has had communications and filings with the Ministry of Public Works and Communications (“ MOPC ”), the mining regulator in Paraguay, whereby the MOPC is taking the position that certain concessions forming part of the Company’s Yuty, Alto Parana and Colonel Oviedo Projects are not eligible for extension as to exploration or continuation to exploitation in their current stages.
While we remain fully committed to our development path forward in Paraguay, we have filed certain applications and appeals in Paraguay to reverse the MOPC’s position in order to protect the Company’s continuing rights in those concessions.
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Pursuant to Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 , issuers that are operators, or that have a subsidiary that is an operator, of a coal or other mine in the United States, and that is subject to regulation by the Federal Mine Safety and Health Administration under the Mine Safety and Health Act of 1977 (the “ Mine Safety Act ”), are required to disclose in their periodic reports filed with the SEC information regarding specified health and safety violations, orders and citations, related assessments and legal actions, and mining-related fatalities.
−Removed: During the fiscal year ended July 31, 2024, our ISR Mines were not subject to regulation by the Federal Mine Safety and Health Administration under the Mine Safety Act.
+Added: During the fiscal year ended July 31, 2025, UEC held both ISR and conventional mines.
+Added: regulation, UEC's ISR Mines were not subject to regulation by the Federal Mine Safety and Health Administration under the Mine Safety Act, but rather fall under oversight by the U.S.
+Added: Occupational Safety and Health Administration (“ OSHA ”).
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.