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Uranium Market Update

Future demand for uranium is growing 92 U YELLOW CAKE PLC Global nuclear reactor fleet will continue to grow, especially in China, India and the Middle East China 18 reactors under construction, 35 planned India 8 reactors under construction, 12 planned Russia 3 reactors under construction, 27 planned UAE 2 operating reactors, 2 reactors under construction Investment in uranium Operable reactors (1) Reactors under Planned construction(1) reactors (1) Proposed reactors (1) World Nuclear Reactor Fleet 437 57 97 325 China Reactor Fleet 53 18 35 168 Source: 1) World Nuclear Association, World Nuclear Power Reactors & Uranium Requirements (February 2022) 15

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