Investor Presentaiton

MARKET POSITION - URANIUM NORTH AMERICAN SPACE AS OF MAY 17, 20221 CASH, COMPANY MARKET CAP SECURITIES, (US$MM) TOTAL DEBT INVENTORY (US$MM) URANIUM INVENTORY (MM LBS.)² URANIUM RARE EARTHS VANADIUM MEDICAL ISOTOPES RECYLCLING (US$MM) Cameco $9,390 $1,466 ($796) 6.9 × × × NexGen Energy $2,229 $153² 2 ($70)² × × × × × Uranium Energy Corp $1,056 $864 $0 1.34 × × Energy Fuels $1,027 $135* $0 0.69 Denison Mines $975 $139 $0 2.5 Fission Uranium $410 $402 ($6) × × × × Ur-Energy $271 $46 ($12) 0.28 × × × Peninsula Energy $119³ $27 $0 0.31 × × × 1 This chart reflects the most recent publicly available information; Energy Fuels' information is disclosed in its Form 10-Q for the quarter ended March 31, 2022 4 Announced additional purchases of uranium on the open market with deliveries to occur during 2022 - 2026. 2 Cdn$ = US$0.779 3 AU$ = US$0.702 8 00 eF ENERGY FUELS

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