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Investor Presentaiton

ENERGY FUELS RESPONSIBLY PRODUCING THE RAW MATERIALS NEEDED FOR THE CLEAN ENERGY REVOLUTION URANIUM (CORE BUSINESS) 92 U Uranium 238.03 23 23 V Vanadium 50.94 We are the largest U.S. producer of uranium, the fuel for carbon- & emission-free nuclear energy 1 RARE EARTH ELEMENTS (REE) Producing the most advanced REE material in US today; Proposed acquisition of a 58 square mile REE project in Brazil 2 90 3 4 5 VANADIUM A major U.S. producer of vanadium when markets warrant; Used in steel, high-strength alloys & grid-scale batteries Th Thorium 232.04 57 65 La Tb MEDICAL ISOTOPES 58 66 We are evaluating the recovery of radioisotopes for use in emerging cancer therapies from existing process streams Ce Dy 59 67 RECYCLING We preserve global resources & help address climate change through industry-leading recycling programs FINANCIAL STRENGTH + ZERO DEBT 6 $135 million of working capital, including $105.8 million cash & securities, and large uranium & vanadium inventoriesĀ¹ 1 As of March 31, 2022 3 Pr 60 Nd 68 Ho Er 61 Pm 69 Tm 62 Sm 70 Yb 63 Eu 64 Gd 71 Lu
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