Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Abraham Spencer	2. Issuer Name and Ticker or Trading Symbol URANIUM ENERGY CORP [ UEC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 600 14TH STREET, NW, SUITE 500	3. Date of Earliest Transaction (MM/DD/YYYY) 5/7/2021
(Street) WASHINGTON, DC 20005 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	5/7/2021		M		50000	A	$2.41 (1)	234587	D
COMMON STOCK	5/7/2021		F		36078	D	$3.34	198509	D
COMMON STOCK	5/7/2021		M		80000	A	$0.93 (2)	278509	D
COMMON STOCK	5/7/2021		F		22276	D	$3.34	256233	D
COMMON STOCK	5/7/2021		M		45000	A	$1.28 (3)	301233	D
COMMON STOCK	5/7/2021		F		17246	D	$3.34	283987	D
COMMON STOCK	5/7/2021		M		45000	A	$1.53 (4)	328987	D
COMMON STOCK	5/7/2021		F		20614	D	$3.34	308373	D
COMMON STOCK	5/7/2021		M		75000	A	$0.9421 (5)	383373	D
COMMON STOCK	5/7/2021		F		21155	D	$3.34	362218	D
COMMON STOCK	5/7/2021		M		50000	A	$0.91 (6)	412218	D
COMMON STOCK	5/7/2021		F		13623	D	$3.34	398595	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	$2.41	5/7/2021		M			50000	7/15/2014	1/15/2023	Common Stock	50000	(7)	470000	D
Options	$0.93	5/7/2021		M			80000	2/2/2018	8/2/2021	Common Stock	80000	(7)	390000	D
Options	$1.28	5/7/2021		M			45000	8/22/2019	8/22/2022	Common Stock	45000	(7)	345000	D
Options	$1.53	5/7/2021		M			45000	7/25/2020	7/25/2023	Common Stock	45000	(7)	300000	D
Options	$0.9421	5/7/2021		M			75000	1/30/2021	7/30/2029	Common Stock	75000	(7)	225000	D
Options	$0.91	5/7/2021		M			50000	1/16/2021	7/30/2030	Common Stock	50000	(7)	175000	D

Explanation of Responses:
(1)	The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 36,078 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 13,922 shares.
(2)	The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 22,276 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 57,724 shares.
(3)	The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 17,246 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 27,754 shares.
(4)	The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 20,614 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 24,386 shares.
(5)	The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 21,155 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 53,845 shares.
(6)	The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 13,623 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 36,377 shares.
(7)	Granted pursuant to and in accordance with the Company's stock incentive plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Abraham Spencer 600 14TH STREET, NW SUITE 500 WASHINGTON, DC 20005	X

Signatures
/s/ Spencer Abraham		5/10/2021
**Signature of Reporting Person		Date