Investor Presentaiton
RARE EARTHS + URANIUM
COMPLEMENTARY BUSINESS OPPORTUNITIES FOR ENERGY FUELS
What are rare earth elements?
• Series of 17 naturally-occurring elements
•
.
Building blocks of numerous clean energy
& advanced technologies
Electric vehicles (EVs), wind energy,
batteries, cell phones, computers, flat-
screen displays, advanced optics,
permanent magnets, medical devices,
lasers & defense applications
Up to a 5-fold projected increase in
demand for magnet REE oxides through
2030¹
1 Adamas Intelligence
O
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Energy Fuels could be the "missing link" in rare earth production
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The highest-value REE-bearing minerals - including monazite – also contain
uranium & other naturally radioactive elements
Energy Fuels' White Mesa Mill in Utah is the only existing facility in North
America able to process monazite for REE recovery
Energy Fuels is currently producing a more advanced REE material
than any other company in the U.S.
In March 2022: Energy Fuels began commercial-scale, partial REE
separation
May 18, 2022: Energy Fuels secures 58.3 square mile project in
Brazil that contains significant quantities of monazite able to
potentially feed the Mill for decades
Energy Fuels plans to install "light" REE separation in next 2 - 3
years; "heavy" REE separation soon thereafter
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