Slide 1: Unleashing the Basin's Uranium Potential
Unleashing the Basin’s Uranium Potential. I N V E S T O R P R E S E N TAT I O N · Q 2 2 0 2 6 C SE: S TM N · OT C: S TMX F · F SE: Q7S
Slide 2: Forward-looking information
C S E: ST MN Forward-looking information. THIS PRESENTATION IS FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, FURTHER DISTRIBUTED TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. This Presentation does not constitute an offer to sell or a solicitation of offers to buy shares
Slide 3: Why UraniumX
C S E: ST MN T HE INV EST ME NT 01 · F OC US Murphy Lake Why UraniumX Flagship · 5 km south of IsoEnergy's Hurricane deposit (48.61 Mlb @ 34.5% U₃O₈ indicated, July 2022 MRE). Drilling May 2026 · v5 conductor system · Conductor B untested. Mineralization on adjacent properties is not necessarily ind
Slide 4: Demand is exploding. Supply isn't ready.
C S E: ST MN Demand is exploding. Supply isn't ready. RE A CTORS B I G T EC H AI data centers, reactor restarts, and a global 80+ 10 GW Reactors under construction Microsoft, Amazon, Google & build-out are colliding with a decade of globally – capacity not seen since Meta signing 10 GW nuclear PPAs
Slide 5: Spot up 70%. Still below incentive price.
C S E : S T MN UR A N IUM P RI CE A C TI O N · M A Y 20 26 Spot up 70%. Still below incentive price. ~$85.90 $90/lb +70% $125–150 U ₃O₈ S POT · MA Y 20 26 L O N G T E R M C O N T R AC T · 3 - Y E A R P R I C E AC T I O N I NC EN T IV E P R I C E · N EW M I N ES H I GH E S T S IN C E 2 0 0 8 Sources:
Slide 6: Athabasca Basin: up to ~100x world average grades
C S E : S T MN Athabasca Basin: up to ~100× world average grades · 22% of world supply. World average mine grade 0.10% Athabasca average 1.42% McArthur River (Cameco) 9.60% Cigar Lake (Cameco) 15.90% Hurricane (IsoEnergy, July 2022 MRE) 34.5% MUR PHY LA KE Z O O B AY N E OCO RE 5 km from 60 km from
Slide 7: Three properties, one basin.
C S E: ST MN PO R T FOL I O Three properties, one basin. Murphy Lake Zoo Bay NeoCore 609 ha 19,850 ha 13,012 ha N E A TH A B A S C A · FL A G SH I P N E A TH A B A S C A · P O N D O P T I O N ( 1 0 0 % ) E A T H AB AS C A · G O L D ' N O P T I O N ( 1 0 0 % ) · 2 . 0 % NS R 5 km from Hurricane (IsoE
Slide 8: Why we're drilling Murphy Lake.
C S E : S T MN M URP HY LA KE · C A SE FO R DRI LLIN G Why we're drilling Murphy Lake. 01 · MINERAL IZED 02 · MAPP ED 03 · E XTE NDED 04 · UNT ES TE D 0.242% 2.3 km +1.45 km 5.6× U ₃ O ₈ A T T HE P A R A L L E L - C ON DUC T O R S T R I KE E XT E N S I O N ( MA Y DR I L L I N G DE F I CI T VS UN C O
Slide 9: 14 holes mapped the system. Drill the other half.
C S E: ST MN M UR P H Y LA K E · 2 022 D R IL L IN G C AM P AI GN 14 holes mapped the system. Drill the other half. F4 Uranium completed 14 holes across 6,800 m in 2022, confirming a mineralized corridor at the unconformity. Half the strike length remains untested. ★ ML22-00 6 · P EAK I NTER CEP T 0
Slide 10: Three targets. Assays this summer.
C S E: ST MN M UR P H Y LA K E · S P R IN G 20 26 D R I L L P L A N Three targets. Assays this summer. 0 1 · C O N D UC TO R A Strike extension test Follow-up to ML22-006. Track the conductive corridor that delivered the 2022 intercept. 0 2 · C O N D UC TO R B First-ever drill Parallel conductor ~29
Slide 11: Optioned out. Capital concentrated.
C S E : S T MN A I R B O R N E M A G N E T IC · MU R P H Y LA K E / Z O O B A Y · C LA I M OU T LI N E S ZO O B A Y · OP T IO N E D TO PO N D TE CH N OL OG I E S Optioned out. Capital concentrated. Pond LOI to acquire 100% of Zoo Bay over 3 years. Treasury concentrates on Murphy Lake. 01 · OPTIONED
Slide 12: Optioned out. NSR retained.
C S E : S T MN N E O CO RE · O P TI ON ED T O G O LD'N FU TU RE S Optioned out. NSR retained. Gold'n Futures (CSE: FUTR) signed a definitive option to acquire 100% of NeoCore over 36 months. 12M Gold'n shares + C$550K cash to UraniumX; 2.0% NSR retained 01 · OPTIONED 0 2 · C O NS I D E RA T IO N 12M
Slide 13: Operators + explorers.
C S E: ST MN MA NAGE ME NT Operators + explorers. Esen Boldkhuu Vincent Martin Kirby Renton Kenneth Wheatley, P.Geo. Chi e f Exe cu ti ve Of f i ce r St ra te gi c A dvi so r P r es id en t a n d C h i e f O p e r a t i n g D i re ct or of Expl o ra ti on / Offic e r C h i e f Ge o l o g i s t Publi
Slide 14: Drilling soon. Assays this winter.
C S E: ST MN 1 2 - M O N T H C ATA L Y S T S · Q 2 2 0 2 6 Drilling soon. Assays this winter. ★ STA RTIN G Q 3 2026 · M UR PH Y LA KE D R IL L PR O GR A M First holes turning · assays Q4 2026. Testing the v5 parallel-conductor target system. Targeting strike extension of Conductor A and the untested
Slide 15: Tightly held, fully funded.
C S E : S T MN C A P I T A L M A R K E T S P R O F I L E · M AY 2 0 2 6 Tightly held, fully funded. C$0.135 92,639,369 ~C$12.5M C$5.31M SHAR E PR IC E SHAR ES OU TSTANDING MAR KE T CA P CASH ON H AND C$2.12M C$5.98M Nil +170% FT C O MM ITMENT S ( CEE) WO R KING CAP ITAL LO NG-TER M D EBT 1 - Y E A R
Slide 16: Drilling Murphy Lake. Two options closing.
C S E: ST MN T H AN K YO U Drilling Murphy Lake. Two options closing. TICKERS CON TACT O F FI C E CSE: STMN · OTC: STMXF · FSE: Q7S Esen Boldkhuu, CEO Suite 170 – 422 Richards St info@uraniumx.ca · uraniumx.ca Vancouver, BC V6B 2Z4, Canada 1 6 / 16