Nuclear Fuels

Nuclear Fuels Inc. (CSE: NF, OTCQX: NFUNF) is a U.S.-focused uranium exploration and development company dedicated to advancing district-scale In-Situ Recovery (ISR) uranium projects toward production. With a strong portfolio of assets in Wyoming’s Powder River Basin, one of North America’s premier uranium-producing regions, the company is strategically positioned to capitalize on the growing demand for domestically sourced nuclear fuel.

At the core of Nuclear Fuels’ operations is the Kaycee Project, a 35-mile uranium trend with over 430 miles of mapped roll fronts and 3,800 drill holes, making it one of the most compelling ISR-amenable uranium projects in the U.S. The company’s exploration efforts have already confirmed new high-grade mineralized zones, significantly increasing the project's resource potential.

Through a strategic partnership with enCore Energy Corp., a leading U.S. uranium producer, Nuclear Fuels benefits from deep industry expertise and a clear pathway to production. enCore retains a right to acquire 51% of the Kaycee Project under favorable terms, reinforcing the project’s development potential.

With bipartisan support for nuclear energy, increasing concerns over uranium supply security, and a global push toward carbon-free electricity, Nuclear Fuels Inc. is well-positioned to become a key player in the revitalization of U.S. uranium production.

‍

Nuclear Fuels presents a compelling investment opportunity as it advances its highly prospective uranium projects at a time when domestic supply security is a top priority for the U.S. government. With the passage of the Nuclear Fuel Security Act (2024) and other legislation aimed at reducing dependence on foreign uranium, the company is well-aligned with national energy policies supporting the expansion of nuclear power.

The Kaycee Project, the company’s flagship asset, is uniquely positioned as one of the largest ISR-amenable uranium trends in the United States. The project’s historical and ongoing drill programs have identified significant high-grade uranium zones, with the potential to expand resources further. Wyoming, a leading jurisdiction for uranium production, offers a well-established regulatory framework and a supportive permitting environment, further de-risking project development.

With enCore Energy Corp. as a strategic partner, Nuclear Fuels benefits from industry-leading expertise in ISR uranium extraction, the most cost-effective and environmentally responsible mining method for uranium. This partnership not only provides a path to production but also enhances the company's ability to deliver long-term value to investors.

As the global demand for clean energy accelerates, Nuclear Fuels is well-positioned to capitalize on rising uranium prices, increasing nuclear adoption, and government-backed initiatives aimed at securing a stable domestic uranium supply. With a strong asset base, experienced leadership, and a commitment to responsible resource development, the company offers significant upside potential in the evolving nuclear energy landscape.

‍

Nuclear Fuels Inc. is led by a team of seasoned professionals with extensive experience in uranium exploration, ISR mining, project development, and corporate finance. The company’s leadership brings deep industry expertise and a strong track record of advancing mineral projects from exploration to production.

Gregory Huffman – Chief Executive Officer, President & Director
Mr. Huffman is a highly experienced mining executive with a strong background in uranium and other energy-related metals. His diverse expertise spans mining specialty sales, fund management, and equity research within the metals and mining sector, positioning him to drive Nuclear Fuels’ growth strategy and corporate vision.

William M. Sheriff – Chairman
A recognized leader in the uranium sector, Mr. Sheriff is the founder and Executive Chair of enCore Energy Corp., one of the largest U.S. uranium producers. With decades of experience in mineral exploration and corporate development, he provides strategic oversight to Nuclear Fuels.

David Miller – Director
Mr. Miller previously served as CEO of Strathmore Minerals Corp. before its merger with Energy Fuels in 2013. His extensive knowledge of the uranium sector and regulatory environment strengthens the company’s ability to navigate complex permitting and operational challenges.

This leadership team is complemented by a Board of Directors with deep experience in mining, finance, and corporate governance, positioning Nuclear Fuels Inc. for success in the growing uranium market.

‍

Nuclear Fuels Inc. is executing a robust growth strategy focused on advancing its flagship Kaycee Project and expanding its asset portfolio in a key uranium-producing region. The company’s strategic emphasis on In-Situ Recovery (ISR) leverages a proven, cost-effective, and environmentally responsible extraction method, which has already demonstrated significant potential across a 35-mile trend with over 430 miles of mapped roll fronts. By de-risking its assets through extensive drilling programs and confirming new high-grade mineralized zones, Nuclear Fuels is paving the way toward commercial production.

A pivotal component of this strategy is the strategic partnership with enCore Energy Corp., whose expertise in ISR extraction provides a clear pathway to production and capital efficiency. Supported by favorable regulatory frameworks in Wyoming and strong bipartisan initiatives aimed at bolstering domestic uranium supply, 

Nuclear Fuels is well-positioned to capitalize on rising uranium prices and the growing demand for clean energy. Ongoing exploration, resource expansion, and operational optimization remain at the core of the company’s roadmap to create long-term value in a dynamic energy landscape.

‍

Nuclear Fuels Inc. is financially well-positioned to advance its district-scale uranium projects toward production, leveraging its capital-efficient strategy and strategic partnership with enCore Energy Corp. The company benefits from a low-cost In-Situ Recovery (ISR) extraction model, reducing upfront infrastructure requirements and ensuring a cost-effective pathway to uranium production.

Capital Structure (as of January 2025)

• Market Capitalization (@$0.40/share): CAD $39.15 million
• Shares Issued & Outstanding: 97,877,351
• Fully Diluted Shares: 129,288,617
• Major Shareholders: enCore Energy Corp. – 19.9% (partially diluted), Board & Management – ~4.4% (including CEO Gregory Huffman at 2.1%)

With a disciplined approach to capital management, strategic partnerships, and a high-potential asset base, Nuclear Fuels is well-positioned to deliver strong financial returns and long-term shareholder value.

‍

Nuclear Fuels Inc. is strategically positioned to become a leading uranium producer in North America, leveraging its district-scale ISR-amenable projects, a favorable regulatory environment, and strong industry partnerships. With a primary focus on the Kaycee Project in Wyoming, the company is advancing one of the largest and most prospective uranium trends in the U.S.

The company benefits from a low-cost, environmentally responsible In-Situ Recovery (ISR) mining method, ensuring cost efficiency, minimal surface impact, and regulatory support. Additionally, its strategic alliance with enCore Energy Corp. provides a clear path to production, significantly reducing financing risks and enhancing long-term project viability.

As global demand for carbon-free, secure, and reliable energy sources increases, nuclear power is experiencing a resurgence, with the U.S. government prioritizing domestic uranium supply security. Nuclear Fuels is uniquely positioned to capitalize on this trend, benefiting from bipartisan policy support and rising uranium prices.

With an experienced leadership team, a disciplined financial approach, and a commitment to sustainable resource development, Nuclear Fuels Inc. presents a compelling investment opportunity. As the company continues to expand its resource base, advance project milestones, and move toward production, it stands ready to deliver significant long-term value to investors and stakeholders while contributing to a cleaner energy future.

‍