First Energy Fuels (UUUU) Corporate Media Kit

UNIQUE CAPABILITIES OFWHITE MESA MILL THE “MISSING LINK” IN THE U.S. REE SUPPLY CHAIN • White Mesa Mill is the only facility in North America currently licensed & capable of processing monazite for recovery of REE’s • Existing mill license allows monazite processing • Uranium & thorium are problems for most companies – they are major value-adds for Energy Fuels • We can recover & monetize uranium & possibly thorium • Highly scalable + ample capacity: • Mill has licensed capacity to process ~720,000 tons of ore per year • Currently processing ~2,500 tons of monazite per year (~0.3% of annual capacity) • Goal to process ~15,000 – 30,000 tons of monazite per year (~2-4% of annual capacity) • Relatively little waste is generated, as over 50% of monazite ore is recovered in finished REE, uranium & possibly thorium products • Waste will use less than 2% of capacity in existing, 1,000-year design tailings management system 11