ENERGY FUELS RELEASES 2025 SUSTAINABILITY REPORT

• The most recent release (April 16, 2026) is a Sustainability Report covering performance for calendar years 2024 and 2025.
• It highlights environmental stewardship, workforce safety, community engagement, and governance aligned with U.S. energy security goals.
• CEO Ross R. Bhappu (appointed April 15, 2026) emphasizes responsible operations and disciplined execution in the report's quotes.
• The preceding news (April 15, 2026) confirms Bhappu succeeds Mark S. Chalmers as CEO; Chalmers remains a consultant for two years.
• Operational context includes ongoing expansion of uranium, rare earth, and heavy mineral sands capabilities mentioned in the report.
• No new financial guidance, production targets, or capital raising announcements are contained within these specific releases.

• The Sustainability Report is standard compliance and PR; it does not introduce new financial variables or operational risks that would alter valuation models immediately.
• The CEO succession was announced in the February 26 earnings release (NewsId 93212) as part of a planned transition; the April announcement formalizes this, making it priced-in rather than surprise material news.
• Bhappu's tenure as President since August 2025 ensures continuity, mitigating execution risk associated with leadership changes.
• The report reinforces the "U.S. Energy Security" narrative which supports long-term strategic positioning but lacks immediate catalysts for price appreciation beyond current consensus.
• Given the stock has already rallied significantly from $6 to nearly $38 over the past year, this routine news serves as a confirmation of strategy rather than a re-rating event.

• Company: Energy Fuels Inc. (NYSE-A: UUUU / TSX: EFR).
• Flagship Project: White Mesa Mill in Utah, the only U.S. facility capable of processing monazite into rare earth oxides and uranium concentrate.
• Core Business: Uranium production (Pinyon Plain Mine) and Rare Earth Elements (REE) separation/expansion.
• Strategic Projects:
  • Donald Project (Australia): Heavy mineral sands JV with Astron Corp.
  • Vara Mada Project (Madagascar): 100% owned heavy-mineral sands project.
  • Phase 2 Expansion: White Mesa Mill capacity increase to process >6,000 tpa NdPr oxide and significant HREE output.
• Production Status: Exceeded 2025 uranium guidance; pilot-scale heavy REE production (Dy, Tb) underway at White Mesa.