Thieler Law Corp advises investors with losses exceeding $100,000 of the August 27, 2015 lead plaintiff deadline in a class action lawsuit filed against Uranium Energy Corp (NYSEMKT: UEC) (“Uranium Energy” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Texas and investors, who purchased Uranium Energy securities between October 14, 2014 and June 17, 2015, have until August 27, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Uranium Energy securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that NYSEMKT: UEC stock achieved an unsustainable valuation by using paid stock promoters, yet failed to disclose the use of such promoters in its regulatory filings pursuant to Section 17(b) of the Securities Act of 1933.  The complaint further claims that the Company had not been transparent with the revenue obtained from the Palanga Mine, among other accounting inconsistencies.

On June 18, 2015, TheStreetSweeper.org published a report that revealed that the Company had reported zero sales from its sole revenue producer, the Palanga Mine, during the past seven quarters. The article mentioned that the company only possesses about $152,000 worth of inventory after selling most of it in the past several months. The article also accused Uranium Energy of utilizing undisclosed paid stock promotors to increase the value of the Company's shares.

Following the release of this news, share price of Uranium Energy dropped $0.18 to close at $2.42 on June 18, 2015. Further, share price continued to decrease in the next day, dropping $0.62 or over 25.6% on heavy trading volume and closing at $1.80 on June 19, 2015. Collectively, shares fell $0.80 or over 30.7%.

If you were negatively impacted by your investment in Uranium Energy securities between October 14, 2014 and June 17, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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