Energy Fuels Announces Election of Directors

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Energy Fuels announced the results of its annual shareholder meeting held on June 11, 2025, where eleven directors were successfully elected to the board. The company reported high approval rates for all nominees, with voting percentages ranging from 88.14% to 98.89%. Notably, Bruce D. Hansen was appointed as the new Chair of the Board, succeeding J. Birks Bovaird who served since 2006. Bovaird will continue as a director. Hansen, who has been a director since 2007, brings over 40 years of mining industry experience to the leadership role. Energy Fuels, a prominent U.S. producer of uranium, rare earth elements, and critical minerals, demonstrated strong shareholder support in this election.

DENVER, June 12, 2025 /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (REE), and other critical minerals, today announced the results of the election of directors at its annual and special meeting of shareholders (the "Meeting") held virtually on June 11, 2025.

The eleven (11) nominees proposed by management for election as directors were elected by the shareholders of the Company through a combination of votes by proxy and electronic poll, as follows:

Nominee	Votes For	% For	Votes Abstained	% Abstained
J. Birks Bovaird	60,640,323	90.90 %	6,068,345	9.10 %
Mark S. Chalmers	62,781,778	94.11 %	3,926,890	5.89 %
Benjamin Eshleman III	58,797,648	88.14 %	7,911,020	11.86 %
Ivy V. Estabrooke	60,232,439	90.29 %	6,476,229	9.71 %
Barbara A. Filas	62,661,845	93.93 %	4,046,823	6.07 %
Bruce D. Hansen	62,025,787	92.98 %	4,682,881	7.02 %
Jaqueline Herrera	62,290,714	93.38 %	4,417,954	6.62 %
Dennis L. Higgs	65,193,117	97.73 %	1,515,551	2.27 %
Robert W. Kirkwood	65,482,865	98.16 %	1,225,803	1.84 %
Alexander G. Morrison	65,105,536	97.60 %	1,603,132	2.40 %
Michael H. Stirzaker	65,967,109	98.89 %	741,559	1.11 %

In addition, the Company is pleased to welcome Bruce D. Hansen as the new Chair of the Board of Directors of Energy Fuels, effective June 11, 2025. Mr. Hansen succeeds J. Birks Bovaird, who has served as Chair since 2006. Mr. Bovaird will continue to serve as a director of the Company.

Mark S. Chalmers, President and CEO of Energy Fuels, thanked both for their many years of service to the Company and its shareholders: "The Board and the entire team at Energy Fuels sincerely thanks Mr. J. Birks Bovaird for his nearly 20-years of leadership as Chair of the Board of Energy Fuels as the Company transformed into a recognized U.S. leader in uranium, rare earths and critical minerals production. At the same time, we welcome Bruce Hansen as the new Chair of the Board. Mr. Hansen has served as a director of Energy Fuels since 2007 and is a retired mining executive with +40 years of industry experience, and his election as Chair reinforces the Board's confidence in his vision and leadership."

ABOUT ENERGY FUELS

Energy Fuels is a leading US-based critical minerals company, focused on uranium, REEs, heavy mineral sands (HMS), vanadium and medical isotopes. The Company has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy and owns and operates several conventional and in-situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill (the Mill) in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, the Company also produces advanced REE products, vanadium oxide (when market conditions warrant), and is evaluating the recovery of certain medical isotopes from existing uranium process streams needed for emerging cancer treatments. The Company also owns the Kwale HMS project in Kenya which ceased mining and commenced final reclamation activities at the end of 2024, and is developing three (3) additional HMS projects: the Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which the Company has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. The Company is based in Lakewood, Colorado, near Denver. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." For more information on all we do, please visit www.energyfuels.com.

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SOURCE Energy Fuels Inc.

FAQ

Who is the new Board Chair of Energy Fuels (UUUU)?

Bruce D. Hansen was appointed as the new Chair of the Board of Energy Fuels, effective June 11, 2025. He has served as a director since 2007 and brings over 40 years of mining industry experience.

How many directors were elected to Energy Fuels' board in 2025?

Eleven directors were elected to Energy Fuels' board at the annual shareholder meeting on June 11, 2025, with approval ratings ranging from 88.14% to 98.89%.

Who received the highest shareholder approval in Energy Fuels' 2025 board election?

Michael H. Stirzaker received the highest shareholder approval with 98.89% of votes in favor, representing 65,967,109 votes.

Who did Bruce Hansen replace as Chair of Energy Fuels (UUUU)?

Bruce Hansen replaced J. Birks Bovaird, who had served as Chair since 2006. Bovaird will continue to serve as a director of the company.