Energy Fuels Inc. · TSX:EFR
Energy Fuels — Investor Presentation (January 2025)
22 slides from Energy Fuels's investor presentation, January 2025
Slide 1: Clean Energy Starts With Us
Clean Energy Starts With Us January 2025
Slide 2: Forward Looking Statements & Notice Regarding Technical Disclosure
Forward Looking Statements & Notice Regarding Technical Disclosure Certain of the information contained in this presentation constitutes “forward-looking information” (as defined in the Securities Act (Ontario)) and “forward-looking statements” (as defined in the U.S. Private Securities Litigation R
Slide 3: High Value Product Line
High Value Product Line In-demand materials central to the Energy Transition URANIUM – UUUU is a leading U.S. producer of U3O8, having produced 2/3 of all U.S. uranium since 2017 Starting production at 3 uranium mines, planning to achieve an expected run-rate of 1.1 – 1.4 million lbs. of U3O8 per ye
Slide 4: Three Businesses In One
Three Businesses In One With exposure to three potentially high-growth critical mineral markets 01 02 03 Value Uranium Rare Earth Elements Heavy Mineral Sands A leading U.S. Emerging global Emerging global producer of U3O8 leader in separated leader in TiO2, ZrO2 oxides (NdPr, Dy, Tb)
Slide 5: Our Products Power Many Advanced Technologies
Our Products Power Many Advanced Technologies Electric Vehicle (EV) / Plug-In EV Drivetrain Wind Turbine Nuclear Fuel Assembly Vanadium Flow Batteries Advanced Robotics F-35A Jet 5
Slide 6: Diversified Asset Portfolio for Long-Term Value
Diversified Asset Portfolio for Long-Term Value Across geography, commodity and stage of development Legend Energy Fuels Bullfrog (100%) Sheep Mountain (100%) Headquarters Stage Permitting (Denver, CO) Stage Development Head office Commodity Uranium Commodity Uranium Producing Asset Nichols Ranch (1
Slide 7: Diversified Critical Mineral Product Suite
Diversified Critical Mineral Product Suite END PRODUCTS Leveraging logical “side steps” throughout asset base to produce several critical materials and applications U308 Uranium Fuel for nuclear energy and Vanadium Ore o Pinyon Plain (USA) V205 Steel & alloys / Chemicals / batteries o La Sal Complex
Slide 8: Rare Earth Minerals Produced Globally
October 2, 2024: Energy Fuels acquires “generational” critical Rare Earth mineral asset, along with successful management & operations teams Minerals Produced • Base Resources now a wholly-owned subsidiary of Energy Fuels Globally • Experienced heavy mineral sands (HMS) management & operations teams
Slide 9: Government of Madagascar Lifts Suspension on Toliara Project
Breaking News – November 28, 2024: Rare Earth Government of Madagascar Lifts Suspension on Toliara Project Minerals Breaking Produced News – December 5, 2024: Energy Globally Fuels and Madagascar Government sign MOU on Toliara Project • Very significant step forward in the development of Processed i
Slide 10: U.S. Uranium Production
U.S. Uranium Production Combine for up to 2 million lbs. of short-term, low-cost production White Mesa Mill (Utah) Nichols Ranch ISR (Wyoming) Production Pre-Production Pinyon Plain Mine (Arizona) La Sal Complex (Utah) Production Production 10
Slide 11: Development Pipeline
Development Pipeline Large-scale future uranium production Sheep Mountain (Wyoming) Roca Honda (New Mexico) Development Development Henry Mountains – Bullfrog (Utah) Large-Scale In-Ground Uranium Resources • Nearly 70 million pounds of combined uranium resources1 • Combined potential to produce roug
Slide 12: 2024 Uranium and Vanadium Highlights
2024 Uranium and Vanadium Highlights Uranium & Vanadium Inventory • 235,000 lbs. of finished inventory and 805,000 lbs.in raw materials and work-in- U3O8 Produced at the progress inventory for a total of 1,040,000 pounds of U3O8 in inventory White Mesa Mill • 905,000 pounds of finished vanadium (“V2
Slide 13: Our Structural Advantages in Rare Earths
Our Structural Top Global Competitor Advantages in Rare Earths o Solvent Extraction (“SX”) expertise o Licenses & permits o Existing U.S. infrastructure o Processing technology o Diversified low-cost feedstock supply 13
Slide 14: Innovative U.S.-Centered REE Supply Chain
Innovative U.S.-Centered REE Supply Chain Process Byproduct Monazite from HMS Mines Globally into Separated REE Oxides in the U.S. REE Process REE Product Capital Efficient Rare Earth Supply Chain Mining & Beneficiation Today (USA, Brazil, Australia, Africa, Other) Natural Monazite Ore Crack & Leach
Slide 15: Rare Earth Production in the U.S.
Rare Earth Production in the U.S. Processing a mineral called “Monazite” recovered as a byproduct of HMS mining • Monazite has superior distributions & grades of the “magnet” REEs (NdPr, Dy, Tb) • Monazite contains higher concentrations of uranium (roughly similar to uranium ores) • White Mesa Mill
Slide 16: Indicative REE Development Timeline
Indicative REE Development Timeline Strong near- and medium-term Monazite pipeline coincides with expansion at White Mesa Mill White Mesa REE feedstock pipeline Toliara Project (Madagascar) Stage 1: Monazite production of 17.4 ktpa Stage 2: Increase Monazite to 26.1 ktpa Bahia Project (Brazil) Monaz
Slide 17: Medical Isotopes
Medical Isotopes Optionality in Additional High-Growth Market Needed for Emerging Cancer Treatments • Targeted alpha therapy (“TAT”) is an emerging technology showing great promise in the treatment of cancer in clinical trials • TAT requires certain isotopes (Ra-226 and Ra-228), elements that occur
Slide 18: Community, Local & Regional Benefits
Community, Local & Regional Benefits One of the largest private employers & taxpayers in San Juan County, Utah • Established Foundation with initial • One of the most economically challenged counties in the U.S. $1 million contribution and ongoing funding equal to 1% of annual Currently, about 100 e
Slide 19: Financials
Financials Rare Earth Elements Heavy Mineral Vanadium Sands Uranium Uranium Medical Recycling & Isotopes ESG Built Upon Financial Strength 19
Slide 20: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights Net loss in Q3 2024 Driven by Transaction Costs Offset by Uranium Sales • $12.06 million net loss ($0.07 per share) • Sold 50,000 pounds of uranium for gross profit of $2.15 million • Incurred costs in Q3-2024 related to our potential acquisition of Base Resources and ne
Slide 21: 2024 Guidance + Focus
2024 Guidance + Focus 150,000 – 200,000 pounds of finished uranium production No further contract sales in 2024 Selectively selling uranium on spot market Ramping-up ore production at three (3) uranium mines to run-rate of 1.1 – 1.4 million lbs. per year by year end Increasing near-term uranium prod
Slide 22: America's Leading Producer of Uranium and Critical Materials for the Clean Energy Transition
America’s Leading Producer of Uranium and Critical Materials for the Clean Energy Transition Titanium Zirconium Uranium Rare Earths Vanadium Medical Isotopes Recycling 22 40 Ti Zr 47.867 91.224 Titanium Zirconium Contact IR: investorinfo@energyfuels.com 22