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  "documentTitle": "Uranium Energy Corp (UEC)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-09-18 00:00:00",
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  "notes": "Uses red boxes and arrows to draw attention to specific directors and their backgrounds.",
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      "kind": "callout",
      "text": "Della Volpe's professional career described as a \"money manager\" and not as an auditor/accountant",
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      "kind": "callout",
      "text": "How Engaged Are Two Audit Committee Directors At 78 and 82 Years Old, Respectively?",
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      "kind": "callout",
      "text": "Mr. Kong joined Silvercorp Metals right after fraud allegations were made.",
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      "kind": "callout",
      "text": "We believe UEC investors should demand a fresh and younger set of eyes on its Audit Committee.",
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      "text": "Audit Committee Chairman David Kong is associated with Silvercorp Metals, Inc. (TSX / NYSAmerican: SVM) which came under scrutiny from a short-seller who alleged fraud in 2011. Shortly after the allegations were levied, David Kong joined SVM's Board during this contentious period. A KPMG forensic investigation did not find any cash or revenue discrepancies although a Globe & Mail article suggested that the chief mining advisor of the BCSC sent a letter to SVM outlining complaints with a technical mining report. Mr. Kong is now 78 years old and is joined by Vincent Della Volpe who is 82 years old. We believe UEC investors should demand a fresh and younger set of eyes on its Audit Committee.",
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      "kind": "paragraph",
      "text": "David Kong. David Kong has served on our Board of Directors since January 2011 and served as our lead independent director from June 2016 to May 2024. Mr. Kong serves as Chairperson of our Audit Committee and is a member of our Compensation Committee, our Corporate Governance and Nominating Committee and our Sustainability Committee. Mr. Kong has also served as a director of GoldMining Inc., a public company listed on the Toronto Stock Exchange (the “TSX”) and the NYSE American since October 2010, as a director of Silvercorp Metals Inc., a public company listed on the TSX and the NYSE American, from November 2011 to September 2023, and as a director of New Pacific Metals Corp., a public company listed on the TSX and the NYSE American, from November 2010 to December 2022.",
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      "kind": "source-note",
      "text": "Source: UEC 2025 proxy statement. Silvercorp Denies Overstating Earnings, Financial Post, Sep 19, 2011. Kong joins Silvercorp Metals, November 25, 2011. Silvercorp receives clear forensic accountants report, October 24, 2011. \"The Full Story of Jon Carnes, Silvercorp and the BCSC\", Globe & Mail, May 14, 2015. Red underline Spruce Point.",
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      "text": "Directors and Executive Officers table showing names, ages, and positions.",
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      "kind": "title",
      "text": "UEC's Audit Chairman Is Associated With The Silvercorp Metals Alleged Fraud Scandal",
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