Investor Presentaiton

Global Potash and Uranium Outlook Commodity Prices Zoom 5y All $138/lb Uranium From Apr 1, 2003 To Mar 31, 2023 100 $50.48 2020 $533/t • $57.70 10 year decline in commodity prices; low inventory; strengthening of spot/contract Well positioned to bring in lowest cost additional product to global market with both uranium and potash 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 1990 $718/t 750 500 250 10 2000 2010 - Uranium Spot Price - Long-term Uranium Price Potash 2004 2006 2008 2010 2012 2014 2016 2018 1980 1990 Zoom 5D 3M 6M 1Y 3Y 5Y MAX 2000 2010 III 2020 2022 Jan 1, 2004 2020 Jan 31, 2023 M SMA Saskatchewan Mining Association

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