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Uranium Market Update

92 U כ Yellow Cake uranium purchases Kazatomprom Purchases Since IPO ■ 8.1mlb. at US$21.01 /lb. - July 2018 ■ 350klb. at US$23.30 /lb. - August 2018 ■ 1.3mlb. at US$25.88/lb. - May 2019 ■ 3.5mlb. at US$28.95/lb. - June 2021 ■ 2.0mlb. at US$32.23 /lb. - December 2021 ■ 950klb. at US$47.58 /lb. - Delivery in Q2 2022 (subject to contract) YELLOW CAKE PLC 2021 Spot Market Purchases ■ 1.4mlb. at an average price of US$29.88/lb. ■ 2.0mlb. at US$46.32/lb. - November 2021 10

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