First Energy Fuels (UUUU) Corporate Media Kit

FINANCIAL STRENGTH + FLEXIBILITY Market Position • Share Price (Oct. 12, 2021) 3 $7.17 • 52-Week Range 2 $1.42 - $8.39 • Average DailyVolume 3 4.8 million shares • Shares Outstanding 5 148.7 million • Market Cap $1.1 billion • Zero Debt 691,000 Lbs. uranium inventory 1 $98.8 Cash, Securities & Inventory 1,2 1,672,000 Lbs. vanadium inventory 1 At today’s commodity prices, our inventory worth significantly more Value on Books ($/Lb) 1 Current Price ($/Lb) 4 % Up/ (Down) U 3 O 8 $23.79 $37.40 +57% V 2 O 5 $5.11 $8.00 +57% 2021 Guidance • No uranium production; all retained in-circuit • 691,000 lbs. of uranium inventory at year end • 700 – 1,100 tons of mixed REE carbonate production containing 350 – 550 tons TREO (due to short-term delay in monazite deliveries) 1 As of the quarter-ended June 30, 2021 2 NYSE American 3 NYSE American + TSX; 3-month average Yahoo Finance 4 As of Oct. 8, 2021 5 As of July 29, 2021 23