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Uranium Market Update

92 U כ Global uranium supply side is concentrated YELLOW CAKE PLC U₂O production is concentrated with the top 5 companies producing 59% of the total supply in 2020(1) Global production by company attributable share (mlb. U3O8, 2020) Mining assets Global production by mine (#, majority owned, 2020) (mlb. U30, 2020) Kazatomprom Orano Uranium One Navoi CGNPC 29.3 Top 5 Total 72.7 Other World Source: 1) MineSpans (September 2021) 11.6 11.1 12.0 122.9 8.7 19 Cigar Lake 10.1 3 Husab 0000 Olympic Dam Katco Inkai 8.6 8.0 7.4 7.0 Top 5 Total 41.1 50.2 19 Other 50 World 81.8 122.9 19

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