Uranium Energy Corp.: Exhibit 10.18 - Filed by newsfilecorp.com





NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL
PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM
ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED
FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S
LICENSE NUMBER. 

MEMORANDUM OF PLANT SITE SURFACE LEASE 


	STATE OF TEXAS 	§ 
	  	§ 
	COUNTY OF KARNES 	§ 



     This memorandum is executed in
order to provide notice of that certain Plant Site Surface Lease of even date
herewith (the "Lease"), by and between James David Kruciak and Mary
Catherine Flori, whose address is P.O. Box 141, Hobson, Texas 78117
("Lessor"), and South Texas Mining Venture L.L.P., a Texas limited
partnership ("Lessee"), whose address is P.O. Box 2955, Corpus Christi, Texas
78403. Under the terms of the Lease, Lessor has granted to Lessee certain rights
for the purposes of improving, maintaining and operating a uranium processing
facility ("Plant") on the surface of certain lands containing approximately
7.286 acres located in Karnes County, Texas ("Premises") and more particularly
described as follows: 

7.286 acres of land, more or less,
situated within the Erasmo Seguin Survey, A-10, Karnes County, Texas, said lands
being out of a 156 acre tract of land as described in that certain instrument
recorded in Volume 165, Page 448 of the Deed Records of Karnes County, Texas.

This 7.286 acre tract of land is more
particularly described by metes and bounds as follows: 

Beginning at a point in the west right
  of way line of FM Highway 81 for the southeast corner of this tract from which
  the southeast corner of said 156 acre tract bears South 01° 38' 51" West,
3439.34 feet; 

Thence North 88° 14' 01" West,
  generally with a fence and with the south line of this tract, at 0.43 feet pass
  a corner fence post in all a distance of 627.16 feet to a corner fence post
  found for the southwest corner of this tract from which a found 5/8" iron rod
bears North 09° 00' 15" East, 0.48 feet; 

Thence North 01° 45' 18" East,
  generally with a fence and with the west line of this tract, 495.00 feet to a
  corner fence post found at the northwest corner of this tract from which a found
  5/8" iron rod bears South 55° 40' 51" West, 0.65 feet; Thence North 89° 40' 15"
  East, generally with a fence and with the north line of this tract, 626.62 feet
  to a corner fence post found in the west right of way line of said FM Highway 81
  for the northeast corner of this tract; 




Thence South 01° 38' 51" West,
generally with a fence and with the west right of way line of said FM Highway
81, at 82.30 feet pass a found 5/8" iron rod, at 517.31 feet pass a found 5/8"
iron rod, in all a distance of 517.92 feet to the point of beginning and
containing 7.286 acres of land, more or less. 

     The Lease provides that the
rights granted thereunder shall extend for a period equal to five (5) years from
and after the effective date of the Lease, and for so long thereafter as the
Substances, as that term is more particularly described in the Lease are being
processed or refined at the Plant with no cessation of more than five (5)
consecutive years. 

     This Memorandum of Plant Site
Surface Lease by Lessor and Lessee is executed for the purpose of acknowledging
in the public records the existence of the Lease and may be executed in multiple
counterparts, each of which shall be deemed an original for all purposes. 

     IN WITNESS WHEREOF, this
instrument is executed as of the dates of the acknowledgments below, but
effective for all purpose as of May 30, 2007. 

	LESSOR: 	 
	  	  	 
	
      "James David Kruciak"
	 
	James David Kruciak 	 
	  	  	 
	"Mary
      Catherine Flori"	 
	Mary Catherine Flori 	 
	  	  	 
	  	  	 
	LESSEE: 	 
	  	  	 
	South Texas Mining Venture, L.L.P. 	 
	  	  	 
	By: 	URN South Texas Project, Ltd. 	 
	  	Genera Partner 	 
	  	By: URN Texas GP, LLC, 	 
	  	
      General Partner 
	 
	  	  	 
	By:	"Dennis E. Stover"	 
	
      Name: 
	Dennis E. Stover	 
	Title:	President	 
	  	  	 
	  	  	 
	By: 	Everest Exploration, Inc., 	 
	  	General Partner 	 
	  	  	 
	  	  	 
	  	  	 
	By:	"James T. Clark"	 
	  	
      James T. Clark 
	 
	  	President 	 






ACKNOWLEDGEMENTS: 


	THE STATE OF TEXAS 	§ 
	COUNTY OF _MClennan_______ 	§ 



     This instrument was acknowledged
before me on this 31 day of May, 2007, by James David
Kruciak. 

	 	"Michelle L. Bowers"
	 	Notary Public, State of Texas





	THE STATE OF TEXAS 	§ 
	COUNTY OF Hays	§ 



     This instrument was acknowledged
before me on this 31 day of May, 2007, by Mary Catherine Flori.


	 	"E L
      Smith
	 	Notary Public, State of Texas





	THE STATE OF TEXAS 	§ 
	COUNTY OF NUECES	§ 



     This instrument was acknowledged
before me on this 14 day of June , 2007, by Dennis E. Stover,
President of URN Texas GP, LLC, in its capacity as general partner of URN
South Texas Project, Ltd., in its capacity as general partner of South Texas
Mining Venture, L.L.P., a Texas limited partnership, on behalf of said
partnership. 

	 	"Karen L. Paige"
	 	Notary Public, State of Texas





	THE STATE OF TEXAS 	§ 









	COUNTY OF NUECES 	§ 



     This instrument was acknowledged
before me on the 20 day of June , 2007, by James T. Clark, President of
Everest Exploration, Inc., in its capacity as general partner of URN South Texas
Project, Ltd., in its capacity as general partner of South Texas Mining
Venture, L.L.P., a Texas limited partnership, on behalf of said partnership.


	 	"Karen L. Paige"
	 	Notary Public, State of Texas




	 	Filed for Record in: 
	 	Karnes County  
	 	  	  
	 	On: Jun 27, 2007 at 02:018 
	 	  	  
	 	As a: 	  
	 	Recording Official Record 
	 	  	  
	 	
      Document Number:
	00075810 
	 	  	  
	 	Amount:	28.00 
	 	  	  
	 	Receipt Number – 12666 
	 	By: 
	 	Marilyn Bednorz 
	 	  	  
	 	  	  
	 	  	  
	 	  	  
	 	STATE OF TEXAS 	COUNTY OF KARNES 
		
                 I
      hereby certify that this instrument was filed on the date and time stamped
      hereon by me and was duly recorded in the volume and page of the named
      records of: 

	 	           Karnes
      County 	  
	 	as stamped hereon by me. 	  
	 	June 27, 2007 	  
	 	  	  
	 	  	  
	 	Honorable Alva Jonas: County Clerk
  
	 	Karnes County