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Investor Presentaiton

22 MARKET CHINESE NUCLEAR GENERATION 2012-2020 Between 2010 and 2013, China purchased ~$15B of U308 • China's demand for U308 is forecast to increase over 19 times by 2020 Annual Uranium Demand Generation Capacity 2,354 MTU Uranium Demand increases 1800%+ 13,995 Mwe 2012 22,000 MTU 40,000 Mwe 2015 45,000 MTU 80,000 Mwe 2020 China imported 18,968 tU in 2013. According to the Chinese General Administration of Customs, China imported 18,968 tU (~49.3 million pounds U30g) in 2013. The country reportedly imported uranium from five countries: Kazakhstan, Uzbekistan, Australia, Namibia, and Canada. China paid US$2.4 billion for its uranium imports in 2013, (US$48.68 per pound U₂O). Graph Source: World Nuclear Association; China Guongdong Nuclear Power Corporation; China National Nuclear Corporation
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