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Investor Presentaiton

MEDICAL ISOTOPES FROM THORIUM AND RADIUM ALLIANCE WITH RADTRAN FOR RECOVERY OF ISOTOPES NEEDED FOR NEW CANCER THERAPIES July 29, 2021: Execution of Strategic Alliance Agreement RadTran is a Colorado-based technology development company focused on closing critical gaps in the procurement of medical isotopes Initiative will investigate the recovery of isotopes from Energy Fuels' existing uranium & REE process streams Focus on emerging targeted alpha therapy ("TAT") cancer therapeutics Alpha-Emitting Isotopes in Short Supply Major pharmaceutical companies studying TAT & advancing with the FDA (and around the world) Objective is to treat cancer on a cellular level, while minimizing damage to surrounding healthy tissue Existing methods of production are costly & currently unable to scale-up to meet demand Significant potential benefits to Energy Fuels White Mesa Mill represents a possible solution to the medical supply chain • Existing feed sources (natural monazite & other ores) contain thorium, radium & other needed elements Potential for significant revenues Another example of Energy Fuels leveraging our unique & highly specialized capabilities 21 eFE ENERGY FUELS
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