ENERGY FUELS INC

This Current Report on Form 8-K contains certain “forward-looking statements” and “forward-looking information” within the meaning of applicable United States (“U.S.”) and Canadian securities laws (collectively, “forward-looking statements”), which may include, but are not limited to, statements with respect to Energy Fuels Inc.’s (the “Company” or “Energy Fuels,” “we,” “us” or “our”): any expectation that the Merger Agreement will be implemented and that closing will occur; any expectation as to the timing of closing of the Merger Agreement; and any expectation that the transaction value at closing could be higher or lower than the transaction value calculated as of the date the exchange ratio was set on June 22, 2026; any expectation that all required conditions will be satisfied and that the proposed OSC financing will be completed; any expectation that the Company will develop its planned expansion of rare earth element (“REE”) production capacity at its White Mesa Mill; any expectation that the Company will develop a rare earth metals and alloys facility in the U.S.; any expectation that the proposed Mergers will be completed as planned or at all; any expectation that any of the government funding conditionally committed and in-discussion, including the recently announced $725 million loan from the OSC, will be funded as contemplated or at all; any expectation that the $250 million term loan financing commitment from Goldman Sachs Bank USA will be funded as contemplated or at all; any expectation that the Closing Conditions will be satisfied; any expectation as to future production of the Company or the combined company; any expectation that the Company will secure sufficient feed materials to support its planned expanded separations capacity at the White Mesa Mill; and any expectation as to expected operational synergies of the combined company.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, schedules, assumptions, future events or performance (often, but not always, identified by words or phrases such as "expects," "does not expect," "is expected," "is likely," "budgets," "scheduled," "forecasts," "intends," "anticipates," "does not anticipate," "continues," "plans," "estimates," "believes," or similar expressions or variations of such words and phrases, or statements that certain actions, events or results "may," "could," "would" "might," or "will" be taken, occur or be achieved) are not statements of historical fact and are forward-looking statements.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and involve known and unknown risks and uncertainties. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, no assurance can be given that such expectations will prove to be correct, and forward-looking statements included in, or incorporated by reference into, this Current Report on Form 8-K should not be unduly relied upon. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: the occurrence of certain actions of the parties between signing and closing of the transaction; the Share Consideration and Preferred Share Consideration (if any) issuable in the transaction not having been approved for listing on the NYSE American and the Toronto Stock Exchange, respectively; the Share Consideration and Preferred Share Consideration (if any) not being issued pursuant to an exemption to registration requirements of applicable U.S. and Canadian securities laws; the existence of a superior proposal; the termination of the Agreement by any party in accordance with its terms; legal challenges; the availability of feed sources for the White Mesa Mill; competition from other producers; public opinion; government and political actions or inactions; the ability of the Company or the combined company to produce rare earth products to meet commercial specifications on a commercial scale at acceptable costs or at all; market factors, including future demand for REE products generally or for western-produced REE products; and the other factors described under the caption “Risk Factors” in the Company’s most recently filed Annual Report on Form 10-K, which is available for review on EDGAR atwww.sec.gov/edgar.html, on SEDAR+ atwww.sedarplus.ca, and on the Company’s website at www.energyfuels.com. Forward-looking statements contained herein are made as of the date of this Current Report on Form 8-K, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.