First Energy Fuels (UUUU) Corporate Media Kit

MARKET POSITION – RARE EARTHS GLOBAL SPACE AS OF October 12, 2021 COMPANY MARKET CAP (US$MM) PRIMARY MINERAL ORE CONCENTRATE “BASKET VALUE” (US$) 3 ORE PRODUCTION MIXED REE CONCENTRATE PRODUCTION REE SEPARATION CURRENT PLANNED CURRENT PLANNED CURRENT PLANNED Producers MP Materials $5,644 Bastnaesite (US-California) $7,121      Lynas $4,332 Monazite (Australia) $14,203    Iluka Resources $2,958 5 Monazite (Australia) $16,109      Energy Fuels 1 $1,065 Monazite (US–Georgia) $17,314  1    Neo Performance Materials 2 $623 4 n/a n/a  2  2  Developers IN SITU ORE VALUE (us$) 4 Rare Element Resources $276 Bastnaesite (US-Wyoming) $801       Texas Mineral Resources $106 Bastnaesite (US-Texas) $30       Ucore Rare Metals $33 Bastnaesite (US-Alaska) $290       1 Does not plan to be a miner; purchasing monazite from HMS operators and processing in Utah 2 Neo purchases mixed REE concentrates (including from Energy Fuels); does not intend to be a miner or produce mixed REE concentrate 3 Ore concentrate value, after beneficiation 4 In-situ ore values, before beneficiation 4 Cdn$ = US$0.803 5 Au$ = US$0.736 17