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Investor Presentaiton

Uranium Reserves¹ Uranium Reserves & Resources Proven S-K 1300 (U.S.) and NI 43-101 (Canada) Probable Uranium Resources¹ Measured Indicated Inferred Lbs. Lbs. Tons (000s) Grade U308 Tons (%U308) (000s) (000s) Grade U308 (%U308) (000s) Lbs. Tons Grade U308 Tons (000s) (%U308) (000s) (000s) (%U308) Lbs. Lbs. Grade U308 Tons Grade U308 (000s) (000s) (%U308) (000s) Pinyon Plain 8 0.33% 51 127 0.60% 1,517 (Arizona) Sheep Mountain - Open Pit (Wyoming) Pinyon Plain (Arizona) 37 0.95% 703 5 0.50% 48 3,498 0.13% 9,248 Sheep Mountain - Underground (Wyoming) 3,955 0.12% 9,117 La Sal Complex (Utah) 823 0.26% 4,281 Total Current Mineral Reserves 8 0.33% 51 7,588 0.13% 19,933 Nichols Ranch - ISR (Wyoming) 11 0.19% 41 2,924 0.11% 6,142 614 0.10% 1,176 Historical Uranium Resources² Unclassified Lbs. Tons (000s) Grade U308 (%U308) (000s) Sheep Mountain (Wyoming) 4,210 0.11% 9,570 Whirlwind (Colorado/Utah) Arkose ISR³ (Wyoming) Wate 625 0.25% 3,095 Henry Mountains/Bullfrog (Utah) 1,560 0.29% 9,10 410 0.25% 2,010 1,667 0.10% 3,293 Roca Honda 71 0.79% 1,118 208 0.48% 1,984 1,639 0.48% 15,638 1,513 0.46% 13,842 (New Mexico) (Arizona) EZ Complex (Arizona) 224 0.47% 2,105 Total Current Mineral Resources 219 0.46% 2,025 10,370 0.20% 41,153 3,365 0.32% 21,357 Total Historical Mineral Resources 2,587 0.19% 9,611 1 The Current Uranium Reserve & Resource estimates above comply with the requirements of both S-K 1300 (United States) and NI 43-101 (Canada). 2 The Historical Uranium Resource estimates above are historical in nature, as the Company has not conducted the work to classify these resources as current. These are presented here for informational purposes only and should not be relied upon. 3 The Arkose project is a part of the Arkose Mining Venture, in which the Company holds an 81% interest. Only pounds attributable to the Company are reported in the table above.
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