Investor Presentaiton

Global uranium supply side is concentrated 92 U כ YELLOW CAKE PLC U3O production is concentrated, with the top 5 companies producing 59% of the total supply in 2021 (1) Global production by company (Mlbs. U3O8, 2022) Production by country (1) (%, 2022) Kazatomprom Orano Cameco Uranium One CGNPC 30.5 14.6 13.7 11.0 10.7 Top 5 Total 80.5 Other World Source: 1) MineSpans Q4 2022 45.0% 42.4% 40.0% 35.0% 30.0% 25.0% 20.0% 14.7% 15.0% 11.2% 9.0% 7.1% 10.0% 49.7 5.0% 130.2 15.7% --% 50 100 150 Kazakhstan Canada Namibia Australia Uzbekistan Other 24

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