First Energy Fuels (UUUU) Corporate Media Kit

RARE EARTHS + URANIUM COMPLEMENTARY BUSINESS OPPORTUNITIES • Could Energy Fuels be the “missing link” in rare earth production? • The highest-value REE-bearing minerals – including monazite – also contain uranium & other naturally radioactive elements that must be managed • Energy Fuels’ White Mesa Mill in Utah is the only existing facility in North America (possibly outside of China) with the licenses & capabilities to process monazite • In 2021, Energy Fuels began commercial production of an intermediate REE product – Rare Earth Carbonate – fromU.S.- mined monazite • No other U.S. company is producing a REE product this far down the REE supply chain • Energy Fuels plans to fully integrate REE production in the next 2-3 years 9 1 Adamas Intelligence What are rare earth elements? • Series of 17 naturally-occurring elements • Building blocks of numerous clean energy & advanced technologies • Electric vehicles (EVs), wind energy, batteries, cell phones, computers, flat- screen displays, advanced optics, permanent magnets, medical devices, lasers & defense applications • Up to a 5-fold projected increase in demand for magnet REE oxides through 2030 1