<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<!-- Compliance Xpressware Instance Document http://www.compliancexpressware.com/  -->
<!-- Version: 1.0.0 --><!-- Creation date:11:19:33 GMT-0700 -->
<!-- Copyright (c) Compliance Xpressware, LLP. All Rights Reserved. -->
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    <link:loc xlink:type="locator" xlink:href="uec-20140731.xsd#uec_VariableShareFowardContract" xlink:label="VariableShareFowardContract" xlink:title="VariableShareFowardContract"/>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="LongTermDebtCurrent" xlink:title="LongTermDebtCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="LiabilitiesCurrent" xlink:to="LongTermDebtCurrent" use="optional" order="19" weight="1"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RoyaltyGuaranteesCommitmentsAmount" xlink:label="RoyaltyGuaranteesCommitmentsAmount" xlink:title="RoyaltyGuaranteesCommitmentsAmount"/>
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  </link:calculationLink>
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  <link:calculationLink xlink:type="extended" xlink:role="http://uraniumenergy.com/taxonomy/role/BalanceSheetParenthetical"/>
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