March 10, 2026 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM Disclaimer Forward-Looking Statements: Except for the statements of historical fact contained in this presentation, the information presented in this presentation constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws. They include, among others, statements regarding the Company's expectations for its projects, including future work programs, regulatory approvals and pl ...

LARGEST & FASTEST GROWING U.S. URANIUM COMPANY Building the Only American Vertically Integrated Nuclear Fuel Supplier, from Mining to Conversion, to Support U.S. Enrichment Corporate Presentation – March 2026 URANIUM ENERGY CORP | NYSE AMERICAN: UEC | URANIUMENERGY.COM Disclaimer Forward-Looking Statements: Except for the statements of historical fact contained in this presentation, the information presented in this presentation constitutes "forward-looking statements" as such term is used in applicable Uni ...

Core Insights - Energy Fuels Inc reported a fourth-quarter net loss of 9 cents per share, matching analyst estimates and showing improvement from a 19-cent loss a year earlier, while revenue was $27.1 million, exceeding the consensus of $21.8 million but down approximately 32% year-over-year due to declining sales volumes [2] Group 1: Financial Performance - The company’s fourth-quarter revenue of $27.1 million surpassed analyst expectations, although it represented a 32% decline from the previous year [2] - Energy Fuels' net loss narrowed to 9 cents per share, consistent with analyst forecasts and an improvement from a 19-cent loss in the same quarter last year [2] Group 2: Future Guidance and Growth - Energy Fuels emphasized its position as a leading U.S. uranium producer and an emerging player in rare earth elements, with over $900 million in working capital supported by a recent $700 million convertible notes offering [3] - For 2025, the company generated approximately $48 million in uranium revenue by selling 650,000 pounds of U₃O₈ at an average realized price in the mid-$70s per pound, while mining over 1.7 million pounds of contained uranium for future deliveries [4] - Looking ahead to 2026, Energy Fuels anticipates increased uranium production and sales volumes as it ramps up output from its U.S. mines and continues to invest in rare earth processing capabilities [4] Group 3: Stock Performance - Energy Fuels shares have increased by 450% over the past year, rising from around $4 to the low-$20s, with notable volatility and a peak near $27.72 before a recent pullback [5] - Despite fluctuations, the overall trend of Energy Fuels stock remains upward, supported by rising short- and long-term moving averages [5] - As of the latest trading session, Energy Fuels shares were down 2.98% at $22.17 [6]

Core Viewpoint - Laramide Resources Ltd. has engaged Lycopodium Limited to update the Preliminary Economic Assessment (PEA) for its Westmoreland Uranium Project, reflecting significantly higher long-term uranium prices and an expanded resource base, with completion targeted for the first half of 2026 [2][3][5]. Group 1: Economic Assessment Update - The updated PEA will incorporate current uranium pricing assumptions, revised capital and operating costs, and the expanded resource base, with potential production rates estimated at approximately 4 to 5 million pounds U₃O₈ per annum [5]. - The previous PEA from 2016 indicated robust project economics at a uranium price of US$65 per pound, which is now considered outdated due to significant changes in market conditions [3][5]. Group 2: Resource Expansion - Since 2016, Laramide has expanded the Westmoreland Mineral Resource to 48.1 million pounds U₃O₈ in the Indicated category at an average grade of 770 ppm and 17.7 million pounds U₃O₈ in the Inferred category at an average grade of 680 ppm [4]. - The company has secured a Mining Development Licence (MDL), indicating a significantly advanced stage of tenure and project title within Queensland [4]. Group 3: Market Context - The uranium market fundamentals have strengthened materially since 2016, with long-term consensus pricing now well above the levels used in the previous study, driven by a resurgence in nuclear energy growth prospects globally [4][5]. - The company emphasizes that the Westmoreland project remains one of the few large-scale, late-stage, low technical risk uranium development projects available to address a growing future supply gap [6].

Core Insights - Noble Plains Uranium Corp. has announced the completion of twenty additional drill holes at its Duck Creek Project, demonstrating strong mineralization and supporting the advancement towards a compliant uranium resource in 2026 [1][2]. Drill Results - The latest drill results show significant mineralization, with notable intersections including: - Hole 25-28-047: 17.5 feet of 0.072% eU3O8, including 6.0 feet of 0.142% eU3O8 - Hole 25-21-053: 22.5 feet of 0.063% eU3O8, including 4.0 feet of 0.201% eU3O8 - Hole 25-21-058: 22.0 feet of 0.051% eU3O8, including 3.0 feet of 0.118% eU3O8 - Hole 25-21-059: 8.0 feet of 0.165% eU3O8, including 3.0 feet of 0.136% eU3O8 [2][3]. Geological Model and Resource Estimation - The drilling program has covered a strike length of approximately 1.5 kilometers (0.93 miles) and is maintaining a Grade-Thickness (GT) of 17% better than the higher end of the Exploration Target range outlined in the Duck Creek NI43-101 report [6]. - The exploration target ranges from 2.37 million tons at 0.03% U₃O₈ to 5.45 million tons at 0.05% U₃O₈, based on GT values of 0.2 and 0.598 respectively [6]. Drilling Program Objectives - The ongoing drill program is structured around three key objectives: 1. Confirmation of historic data through 16 holes 2. Expansion of shallow mineralization with approximately 130 holes 3. First-ever drilling of the Fort Union Formation with 10 holes [8][10][12]. Market Context - The uranium market is tightening, with increasing long-term contracting and spot prices, making projects that demonstrate scale and continuity more valuable [5][6]. Future Outlook - Noble Plains will continue to report results in batches as the drilling program progresses, with expectations of advancing towards its first compliant uranium resource [14].

Financial Highlights - The company has a strong balance sheet with $698 million in cash, inventory, and equities as of October 31, 2025[12] - The company holds 136 million pounds of U₃O₈ in inventory[16] - A $234 million equity offering was completed to accelerate the advancement of UR&C[16, 17] Production and Operations - Total cost per pound was $3435, including a cash cost per pound of $2990 and a non-cash cost per pound of $445 on 68,612 pounds of precipitated uranium and dried and drummed U₃O₈[9] - Approximately 199,000 pounds of precipitated uranium and dried and drummed U₃O₈ have been produced from Christensen Ranch as of October 31, 2025[25] - The company plans to expand its U S warehoused inventory by another 300,000 pounds through December 2025 via purchase contracts at $3705/lb[12] Development and Expansion - Irigaray plant upgrades have been completed to support 24/7 operations[9] - Six additional header houses are under construction at Christensen Ranch[9] - Burke Hollow nears operational status, setting the stage for initial operations at America's next ISR mine[9] - The Ludeman satellite project has 97 million lbs Measured and Indicated Resources, and 13 Million lbs Inferred resources[28] Strategic Initiatives - The company launched United States Uranium Refining & Conversion Corp (UR&C) to become the only vertically integrated U S company from U3O8 to UF6[9, 17]

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. announced partial assay results from their joint venture Dorado Project, highlighting significant uranium grades from drill hole PG25-07A, which returned 2.1 metres grading 1.6% UO, including 0.4 metres at 8.1% UO [1][5][4] Summary by Sections Assay Results - Drill hole PG25-07A intersected 2.1 metres grading 1.6% UO, with notable intervals of 0.4 metres at 8.1% UO and an additional 4.9 metres at 0.52% UO [4][5] - A total of 5,030 metres were drilled across 11 holes before wildfires curtailed the planned 5,400-metre summer drill program [5][4] Project Overview - The Dorado Project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares in the Athabasca Basin, known for its favorable geology for uranium deposition [10][21] - The project includes several former properties, such as Turnor Lake and Geiger, which are underlain by graphite-bearing lithologies [10] Future Plans - Follow-up drilling programs are planned for early 2026, pending final assays and geological interpretations, focusing on expanding the Nova discovery and testing priority corridors across the Dorado Project [9][5] - Additional drilling at the Serin and Turaco targets has provided valuable data for the project's geophysical calibration [5][8] Challenges - The summer drill program was cut short due to regional wildfires, which limited access and created hazardous conditions, deferring drilling at the nearby Celeste project [4][5]

Core Viewpoint - Generation Uranium Inc. has initiated a three-day European road show to present its Yath Uranium Project to over 75 high-net-worth investors and institutional funds, aiming to enhance shareholder awareness and visibility in global capital markets [1][2]. Company Overview - Generation Uranium Inc. is focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut, Canada [9]. Yath Uranium Project - The Yath Uranium Project is strategically situated in Nunavut, an emerging uranium jurisdiction, and is believed to cover the western extension of the Lac 50 trend, which has a historical resource of 43 million pounds U₃O₈ [3]. - The Lac 50 deposit was acquired by Atha Energy Corp. for $64.7 million in an all-share transaction, highlighting the area's value potential [3]. - Previous exploration phases at Yath have consistently returned high uranium grades, with notable results including 1.0 m at 0.224% U₃O₈ and chip samples showing up to 6.7% U₃O₈ [4][6]. Market Context - There is a growing international interest in uranium, driven by the recognition of nuclear power's role in the clean energy transition, which has led to increased investor appetite [7].

Core Viewpoint - Paladin Energy Ltd has provided guidance for FY2026 regarding the Langer Heinrich Mine (LHM), highlighting operational ramp-up, production expectations, and uranium price sensitivities based on its sales contract portfolio [1][2]. Production Guidance - The LHM is expected to produce between 4.0 million pounds (Mlb) and 4.4 Mlb of U3O8 in FY2026, with sales projected between 3.8 Mlb and 4.2 Mlb [3]. - The cost of production is estimated to be between $44 and $48 per pound [3]. - Capital and exploration expenditure is forecasted to be between $26 million and $32 million [3]. Mining Operations - The LHM commenced FY2026 with approximately 2.2 million tonnes (Mt) of stockpiled medium-grade ore and 49% of its planned mining fleet capacity operational [4]. - The remaining mining fleet is expected to be delivered in late 2025 and operational in the second half of FY2026 [4]. - Mining activities will focus on the G-pit area, with minor activities in the F and J pits towards the end of the financial year [4]. Ore Processing - Production volumes are anticipated to vary throughout FY2026, primarily due to limited access to primary mined ore in the first half [6]. - A higher level of primary ore feed is expected in the second half, leading to increased production [6]. - Improvements in processing plant performance from FY2025 are expected to be maintained in FY2026 [7]. Sales and Pricing - Paladin plans to continue uranium deliveries to customers in the US, Europe, and Asia, while seeking new contracts with high-quality counterparties [8]. - Sales volumes and pricing are expected to fluctuate quarterly based on shipment timing and contract terms [8]. - Forecasted realised uranium prices for FY2026 under various spot price assumptions are as follows: - At a $40 spot price, the realised price is expected to be $54 per pound - At a $60 spot price, the realised price is expected to be $62 per pound - At a $80 spot price, the realised price is expected to be $71 per pound - At a $100 spot price, the realised price is expected to be $79 per pound - At a $120 spot price, the realised price is expected to be $87 per pound - At a $140 spot price, the realised price is expected to be $94 per pound [10].