Investor Presentaiton

High Value Product Line URANIUM - UUUU is a leading U.S. producer, having produced 2/3 of all U.S. uranium since 2017 Currently starting production at 3 uranium mines; expected run-rate of 1.1 - 1.4 million lbs. of U3O8 per year by end of 2024; large US- based in-ground uranium resource portfolio to support current and future production (see Appendix); 10+ million pounds of capacity RARE EARTHS - Critical elements used in powerful magnets needed for EVs, wind & other tech UUUU now installing the capacity to produce up to 1,000 MT of separated NdPr oxide by Q1-2023; could power up to 1 million EVs VANADIUM - Critical element used in high-strength steel, aerospace and grid-scale batteries UUUU is the largest primary producer of V2O5 in US; significant inventory & ability to quickly ramp production in strong markets MEDICAL ISOTOPES - Critical for emerging cancer therapies Developing ability to recover radium from existing uranium and rare earth production; needed for emerging treatments & potential cures RECYCLING - Uranium & vanadium bearing materials Promoting sustainable sourcing; reducing carbon emissions & saving the world's scarce resources FINANCIAL STRENGTH - Significant Cash, Inventory & Uranium Sales $162.50M in working capital as of 9/30/2023, including $125.16M of cash & marketable securities; large U3O & V205 inventories 8 6

View entire presentation