Investor Presentaiton
VANADIUM
ANOTHER CRITICAL MINERAL PRODUCED BY ENERGY FUELS
Used in steel, high-strength alloys, aerospace, chemicals & grid-scale battery technologies
Critical mineral in U.S. and Canada
Energy Fuels' White Mesa Mill is a significant U.S. producer of vanadium (V₂O) when market
conditions warrant
Produced 1.9 million pounds of high-purity (99.7%+) V2O5 at the White Mesa Mill from tailings solutions
1.40 million lbs. in inventory at 3/31/2022 (valued at ~$15.0 million at today's price of $10.75 per lb.¹)
Selectively selling inventory into today's rising market
V205 prices are up 100% since January 2021
Evaluating potential to resume vanadium production in 2022 or 2023
Additional ~1.0 - 3.0 million lbs. of potentially recoverable inventory in tailings solutions
¹ Metal Bulletin Mid-Point Spot Price
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ENERGY FUELSView entire presentation