Premier American Uranium Inc · TSXV:PUR
Premier American Uranium — Merger or Acquisition (June 2025)
32 slides from Premier American Uranium's merger presentation, Jun 5, 2025
Slide 1: Reshaping America's Uranium Landscape
RESHAPING AMERICA’S URANIUM LANDSCAPE Acquisition of Nuclear Fuels, Creating One of America’s Largest Pure-Play Uranium Explorers TSXV: PUR | www.premierur.com TRANSACTION PRESENTATION | JUNE 2025 CSE: NF | www.nfuranium.com
Slide 2: Disclaimer
DISCLAIMER Information Contained In This Presentation Cautionary Note Regarding Forward-looking Information The information in this presentation has been prepared as at June 5, 2025. This presentation is a summary description of Premier Forward-looking information” includes, but is not limited to, s
Slide 3: Disclaimer (Continued)
DISCLAIMER Cautionary Note Regarding Forward-looking Information (Continued) Technical Disclosure and Qualified Person Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which Premier American Uranium may cause actual events or result
Slide 4: Transaction Rationale
TRANSACTION RATIONALE Disciplined & Opportunistic: The Making of America’s Largest Pure-Play Uranium Explorer Establishes America’s leading uranium explorer with a consolidated portfolio of 12 projects across key U.S. uranium districts, including estimated mineral resource of 18.6 Mlbs U3O8 Indicate
Slide 5: Transaction Terms
TRANSACTION TERMS • Premier will acquire all of the issued and outstanding common shares of Nuclear Fuels pursuant TRANSACTION to a court-approved plan of arrangement under the Business Corporations Act (BC) • Exchange ratio of 0.33 Premier shares for each Nuclear Fuels share held CONSIDERATION • Sp
Slide 6: Pro Forma Capital Structure
PRO FORMA CAPITAL STRUCTURE4 Pro Forma Ownership Other NF 23.2% Investors, Basic S/O 45.9M 97.9M 78.2M 31.0% Pro Forma Ownership 59% 41% 100% 41% Options, Wts, DSUs/RSUs 12.4M 31.4M 22.7M 9.6% 59% FD S/O 58.2M 129.3M 100.9M 9.5% Share Price1 $1.31 $0.28 $1.31 Other PUR Investors, 5.4% Market Cap (C$
Slide 7: Consolidation: A Proven Strategy
CONSOLIDATION: A PROVEN STRATEGY PUR was built by a team that has done it before +2,300% RETURN $8.00 $70 MEGA URANIUM (Jan 2005 to Dec 2006) $60 Uranium price from $20.50 to $66.50 $6.00 Mega Acquisition $50 Completed 9 Acquisitions $40 $4.00 $30 Raised +$50m $2.00 $20 Market cap increased from $15
Slide 8: Track Record of Value Creation Through M&A
TRACK RECORD OF VALUE CREATION THROUGH M&A Executing on Consolidation Strategy: IPO in 2023, First Acquisition in 2024, Second Targeted for 20253 Planned MR update at Cebolleta; exploration targets at Kaycee and Cyclone 136% 155% ~$102M 104,000 Pro Forma acres 18.6Mlbs $83M Indicated AMPS 52,479 acq
Slide 9: Competitive Landscape of U.S. Uranium Equities
COMPETITIVE LANDSCAPE OF U.S. URANIUM EQUITIES Pro Forma Company Leads Among Explorers with a Clear Path to Development-Stage Advancement Producers Developers Explorers $4,000 $4,000 $4,000 $3,693 Market Capitalization (C$M) $3,000 $3,000 $3,000 $2,000 $2,000 $2,000 $1,500 Potential to advance to De
Slide 10: The Most Active Uranium Explorer in the U.S.
THE MOST ACTIVE URANIUM EXPLORER IN THE U.S. Pro Forma Company to hold the largest U.S. uranium project portfolio with 12 Assets and the most feet drilled in 20242 2024 FEET DRILLED 1 13,945 ft 14 14,090 ft 12 16,289 ft Developers # of US Exploration and Development Projects1 10 23,264 ft 209,490 ft
Slide 11: Combined Leadership
COMBINED LEADERSHIP Board of Directors Tim Rotolo, Marty Tunney Daniel Nauth Michael Harrison Michael Henrichsen Jon Indall Nuclear Fuels Chairman COO IsoEnergy, Lawyer, specialized Managing Partner Structural Geologist, Lawyer, specialized in Nominees Co-founder of Sachem Mining Engineer in M&A and
Slide 12: Uranium: Resurgence in the U.S.
URANIUM: RESURGENCE IN THE U.S. Unprecedented support for nuclear, driven by energy security and transition to clean energy Google signed a deal to buy power from Prohibiting Russian Uranium T SMRs based on the Kairos Power design 2040 Imports Act signed into law targeting first power by 2030 bannin
Slide 13: Pro Forma Asset Diversification Across the Western U.S.
PRO FORMA ASSET DIVERSIFICATION ACROSS THE WESTERN U.S. Projects located in four of the top U.S. uranium districts UTAH WYOMING 130Mlbs U3O8 produced historically, 230Mlbs U3O8 produced historically, ranked 1st in Investment leading ISR state2 Attractiveness4 Cyclone, Exploration Libson Valley, Expl
Slide 14: Wyoming: A Leading ISR State
WYOMING: A LEADING ISR STATE Wyoming • Largest current ISR resources of any State • At least 10 ISR operations have produced over 45Mlbs • Home to 4 of 8 active U.S. uranium production facilities Powder River Basin • Hosts the majority of the ISR projects in the state • Known as the backbone of Wyom
Slide 15: Kaycee Project, Wyoming
KAYCEE PROJECT, WYOMING Strategic land position in the prolific Powder River Basin • 33,752 acres covering the western limb of the Powder River Basin • 1st time in modern history that the entire project is controlled by a single company • 35-mile trend with 430 miles of identified roll fronts; only
Slide 16: Kaycee Project, Wyoming
KAYCEE PROJECT, WYOMING Exploration target outlines clear path to potential resource delineation • An updated NI 43-101 Technical report identified an exploration target of 11.5 to 30 million pounds U3O8 at average grades of 0.06% to 0.10%.1 • A more extensive, in-depth review of historical data ide
Slide 17: Cyclone Project, Wyoming
CYCLONE PROJECT, WYOMING Significant land position in the Great Divide Basin • In the vicinity of Ur-Energy Inc.’s Lost Creek ISR uranium mine and other former uranium mining facilities • 25,500 acres comprising: 1,061 claims totaling 21,220 acres and 7 state leases covering 4,280 acres • ~80 holes
Slide 18: Cyclone Project, Wyoming
CYCLONE PROJECT, WYOMING Successful inaugural exploration drill program at multiple targets Cyclone Rim • Exploration drill program at Cyclone Rim designed to systematically investigate the resource potential • 41 RC drill holes totaling 20,990 ft completed • Results indicate the presence of uranium
Slide 19: Cebolleta Project, New Mexico
CEBOLLETA PROJECT, NEW MEXICO Transformative 2025 with planned resource update and Preliminary Economic Assessment • Current Mineral Resource Estimate (April 30, 2024) - 80% Indicated2: • 18.6 Mlb U3O8 (6.6 M tons @ 0.14% U3O8) Indicated • 4.9 Mlb U3O8 (2.6 M tons @ 0.10% U3O8) Inferred • Upcoming M
Slide 20: Cebolleta Project, New Mexico
CEBOLLETA PROJECT, NEW MEXICO Shallow deposits with current mineral resources RECENT US URANIUM ECONOMIC STUDIES • 2024 Mineral Resource Estimate (April 30, 2024): o Indicated: 18.6 M lb U3O8 (6.6 M tons @ 0.14% U3O8) Underground: 13.4 M lb U3O8 (average grade of 0.208% U3O8) Open Pit: 5.2 M lb
Slide 21: Indicative Timeline and Key Catalysts
INDICATIVE TIMELINE AND KEY CATALYSTS Application for Final Court NF Mailing of Documents Order Approving Arrangement June 5, 2025 NF Interim Court to Shareholders Q3 2025 Announcement of Order Hearing Q3 2025 Closing of the Arrangement NF Shareholder Proposed Transaction Agreement NF Record Date Vo
Slide 22: Appendix
APPENDIX TSXV: PUR | www.premierur.com CSE: NF | www.nfuranium.com 22
Slide 23: PUR Technical Advisors
PUR TECHNICAL ADVISORS Unparalleled experience in uranium exploration, development, permitting and operations +40 years in uranium +50 years, including +20 years in uranium and Specialized in permitting in manufacturing +25 in uranium Involved in discovering U.S. and Kazakhstan, gained Specialized p
Slide 24: Pro Forma Portfolio Overview
PRO FORMA PORTFOLIO OVERVIEW Measured & Indicated Inferred Resources Exploration Target Resources Asset State Own. Deposit Type Stage Tons Grade Contained Tons Grade Contained High Low Grade (%) (kst) (%) (Mlbs) (kst) (%) (Mlbs) (Mt) (Mlt) % 1 Exploration Cyclone Wyoming 100% Roll-front - - - - - -
Slide 25: Tensleep Project, Wyoming
TENSLEEP PROJECT, WYOMING Prospective exploration project 10 miles west of Kaycee • Unconformity-style uranium mineralization in Wyoming's Powder River Basin (similar setting to Saskatchewan's Athabasca Basin); • Approx. 3,000-acre property located 10 miles west of Kaycee, with a historic undergroun
Slide 26: Bootheel & Bobcat Project, Wyoming
BOOTHEEL & BOBCAT PROJECT, WYOMING Prospective exploration in the prolific Shirley Basin Bootheel Project • Roll-front mineralization occurs in three ages of sandstone; • Mineralization is amenable to ISR extraction with unusually positive fluid dynamics; • Historic NI 43-101 Resources Bobcat Projec
Slide 27: Moonshine Project, Arizona
MOONSHINE PROJECT, ARIZONA Prospective exploration prospects • An uncategorized historic resource with potentially amenable to ISR extraction process • 3-mile trend of uranium mineralization identified with limited drilling • High grade results for ISR when compared to peers, typical results range f
Slide 28: Monogram Mesa, Colorado
MONOGRAM MESA, COLORADO Adjacent to multiple historic mines that produced nearly 5Mlbs • 7,431 acres with 361 mining claims • Numerous historic mines on the NE side and West • Mines generally stable and dry, with numerous mineralized zones exposed • Significant infrastructure surrounding the project
Slide 29: Atkinson Mesa, Colorado
ATKINSON MESA, COLORADO Most substantial uranium-vanadium production within the entire Uravan belt • 5,863 acres comprising: 172 mining claims and 4 DOE leases. • Land package includes patented (fee simple) mining claims on the Dolores Bench • Several small-scale mines on the project • Large-scale u
Slide 30: Outlaw Mesa and Slick Rock, Colorado
OUTLAW MESA AND SLICK ROCK, COLORADO Multiple historic mines with exploration potential • Outlaw Mesa - Total project covers 5,759 acres with 2 DOE leases. • Slick Rock - Total project covers 1,226 acres with 2 DOE leases. • Historic production from multiple mines, including the well known: • Slick
Slide 31: Additional Information
ADDITIONAL INFORMATION Sources for Slide 12 1. https://www.congress.gov/bill/118th-congress/house-bill/1042 2. https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/120223-cop28-22-nations-pledge-to-triple-nuclear-generation-capacity-by-2050 3. https://www.energy.g
Slide 32: Contact
1-833-223-4673 1-778-819-7477 info@premierur.com info@nfuranium.com @PremierAUranium @nuclearfuels www.premierur.com www.nfuranium.com
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