Gloria Ballesta
URANIUM ENERGYAbout Gloria Ballesta
Gloria Ballesta, age 49, is an independent director of Uranium Energy Corp (UEC) since July 2018. She chairs the Corporate Governance and Nominating Committee and serves on the Audit, Compensation, and Sustainability Committees. Ballesta is CEO of Camglo Management SAS (since December 2023), previously CEO of Content Mode SAS (2016–2023), and holds an LLB (Hons.) from CEU Cardenal Herrera University and a Master’s in Marketing and Business Management from ESIC School of Business in Spain .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Content Mode SAS (Colombia) | Chief Executive Officer | Jan 2016 – Dec 2023 | Managed administrative and compliance procedures for spin-offs, take-overs, and financings of various public companies |
| Various public companies (support work) | Administrative/compliance management | Not specified | Experience assisting spin-offs, take-overs, and financings |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| GoldMining Inc. (TSX, NYSE American) | Director | Since Aug 2010 | Current public company directorship |
| Camglo Management SAS (Private) | Chief Executive Officer | Since Dec 2023 | Software security solutions (private company) |
Board Governance
- Committee assignments: Audit Committee member; Compensation Committee member; Corporate Governance and Nominating Committee Chair; Sustainability Committee member .
- Independence: Board determined Ballesta is independent under NYSE American standards .
- Attendance and engagement: 100% attendance at board and applicable committee meetings in fiscal year ended July 31, 2024; all directors attended the 2024 annual meeting .
- Chair transition: Effective July 16, 2024, Ballesta succeeded Vincent Della Volpe as Chair of Corporate Governance and Nominating Committee .
- Audit Committee oversight quality: Audit Committee (including Ballesta) met quarterly, held sessions without management at fiscal year-end, and recommended inclusion of FY2024 audited financials in the 10-K .
Fixed Compensation
| Component | FY 2024 | Notes |
|---|---|---|
| Cash fees (retainer + committee fees) | $53,000 | Non-executive director cash compensation |
| RSU grant (grant date fair value) | $54,999 | RSUs vest in equal installments on July 26, 2025, 2026, 2027; grant date: July 26, 2024; FV per RSU $5.49 |
| Stock option grant (grant date fair value) | $54,574 | Options vest over 24 months; grant date: July 26, 2024 |
| Total FY 2024 director compensation | $162,573 | Sum of cash, RSUs, options (no other comp) |
| Board/Committee Retainers | FY 2024 | FY 2025 |
|---|---|---|
| Non-Executive Director | $33,000 | $38,000 |
| Audit Committee Chair | $10,000 | $12,500 |
| Compensation Committee Chair | $5,000 | $10,000 |
| Corporate Governance & Nominating Chair | $5,000 | $5,000 |
| Sustainability Committee Chair | $5,000 | $5,000 |
| Audit Committee Members (incl. Chair) | $5,000 | $7,500 |
| Other Committee Members (incl. Chairs) | $5,000 | $5,000 |
Performance Compensation
| Instrument | Grant Date | Grant Date Fair Value | Vesting | Terms/Assumptions |
|---|---|---|---|---|
| RSUs | July 26, 2024 | $54,999 | 36 months; equal installments on July 26, 2025, 2026, 2027 | FV per RSU $5.49 (closing price on grant date) |
| Stock Options | July 26, 2024 | $54,574 | 24 months | Exercise price $5.49; Black-Scholes value $3.6154; risk-free 4.01934%; vol 78.727983%; expected life 5 years; dividend yield nil |
- No director-specific performance metrics disclosed (e.g., TSR, EBITDA) for director awards; RSUs/options are time-vested for directors .
Other Directorships & Interlocks
| Company | Interlock Detail | Potential Consideration |
|---|---|---|
| GoldMining Inc. | Ballesta is a director; UEC CEO Amir Adnani also serves on GoldMining’s board | Governance interlock with CEO across UEC and GoldMining; monitored via Director Time Commitments Policy (all directors in compliance as of May 28, 2025) |
Expertise & Qualifications
- Skills matrix indicates Ballesta brings Mining Industry Experience; Accounting and Financial Reporting Experience; Corporate Governance, Safety, Health, Environment and Sustainability Experience; and International Business Experience .
- Board concluded she should serve due to significant international experience and prior independent director service at other reporting companies .
Equity Ownership
| Metric | Value |
|---|---|
| Total beneficial ownership | 313,268 shares (less than 1%) |
| Directly held shares | 90,232 |
| Options exercisable within 60 days | 219,697 |
| RSUs vesting within 60 days | 3,339 |
| Shares outstanding (reference) | 444,349,147 (as of May 28, 2025) |
| Anti-hedging/pledging policy | Hedging and pledging prohibited unless pre-approved; violations treated seriously |
- As of July 31, 2024, directors held stock options in aggregate; Ballesta had 233,049 options outstanding across grants (company-wide director tally; exercisability depends on specific grants) .
Governance Assessment
- Independence and attendance: Independent under NYSE American standards, with 100% board and committee attendance in FY2024—strong engagement signal .
- Committee leadership: Chair of Corporate Governance & Nominating Committee; active roles on Audit, Compensation, Sustainability committees—breadth of oversight .
- Audit oversight quality: Participated in Audit Committee that met quarterly, held sessions without management, and recommended audited FY2024 financials inclusion—positive for financial controls .
- Compensation structure for directors: Mix of cash + time-vested RSUs/options; equity grants with transparent assumptions and standard vesting—alignment via ownership without disclosed director-specific performance metrics .
- Ownership alignment: Holds direct shares, options, and RSUs; less than 1% of outstanding shares; anti-hedging and anti-pledging policy mitigates misalignment risks .
- Interlock risk: Shared GoldMining board service with UEC CEO (Adnani) indicates an interlock; mitigated by Board’s Director Time Commitments Policy and independence status; monitor for information flow or related-party exposure (none disclosed for Ballesta) .
- Policies supporting investor confidence: Clawback policy for incentive compensation; say-on-pay adopted; independent comp consultant (GGA) engaged, covering non-executive director compensation review .