Diversifying into the REE Industry

Proven U.S. Uranium Production Leading U.S. Portfolio - Up to 2 Million Lbs. of Short-Term, Low-Cost Production White Mesa Mill (Utah) - In Production Nichols Ranch ISR (Wyoming) - Pre-Production Fully-licensed & developed; 1.2 million lbs. of U3O8 produced (2014-2019) . The only conventional uranium & vanadium mill in US – plus REE's & recycling • Pinyon Plain Mine (Arizona) - In Production • Licensed & developed high-grade uranium mine in production La Sal Complex (Utah) - In Production • Series of licensed/developed uranium & vanadium mines; 2 in production 3 large-scale projects in permitting (Sheep Mountain; Roca Honda & Bullfrog) have potential to produce additional 4+ million lbs. U3O8 per year 8

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