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Investor Presentaiton

URANIUM RECYCLING SAVING THE WORLD'S RESOURCES & REDUCING CARBON EMISSIONS Energy Fuels recycles "alternate feed materials” for the recovery of uranium & vanadium that would otherwise be lost to direct disposal Recycling reduces the need for mining & reduces carbon-emissions The White Mesa Mill's recycling programs have recovered 6 million lbs. of uranium If converted to nuclear fuel, Energy Fuels' recycled uranium would: Eliminate over 85 million tons of CO2 emissions compared to coal • Avoid the annual emissions from 18 million passenger cars . Produce as much electricity as the coal in a train that extends from LA to NYC - and almost all the way back again Produce as much electricity as 24,500 wind turbines annually The Mill has recycled enough vanadium for the steel needed to build 4.5 Golden Gate Bridges No other uranium or rare earth company has similar recycling programs 22 eF ENERGY FUELS
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