Energy Fuels (EFR) investor relations material

Critical materials production and strategy

• Produces uranium, vanadium, rare earth elements, titanium, and zirconium for clean energy and advanced technologies.

• Leading U.S. producer of uranium and vanadium, and emerging global leader in rare earths and heavy mineral sands.

• Leverages existing infrastructure and diverse assets to supply in-demand critical materials.

• Products support steel, defense, nuclear, medical, robotics, and EV industries.

Asset portfolio and project development

• Operates White Mesa Mill, the only U.S. conventional uranium mill, and several uranium and vanadium mines in production.

• Holds standby and development uranium projects with nearly 70 million pounds of resources and potential for 6 million pounds annual production.

• Expanding heavy mineral sand and rare earth projects in Australia, Madagascar, and Brazil.

• Proposed acquisition of Australian Strategic Materials to enhance vertical integration and rare earth capabilities.

Rare earth elements and processing

• White Mesa Mill processes monazite to produce high-purity light and heavy REE oxides, with commercial capacity for 10,000 tpa monazite.

• Phase 1 expansion targets commercial production of mid and heavy REE oxides by mid-2027.

• Secured monazite supply from Donald, Vara Mada, Bahia, and Chemours projects, aiming for up to 60,000 tpa monazite processing by 2028.

• REE oxide prices and volumes could generate nearly $1.2 billion in annual revenue.