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Energy Fuels Announces Q2-2021 Results, Including Robust Balance Sheet, Market Leading U S Uranium and Vanadium Position & Launch of U S Commercial Rare Earth Production; Webcast on August 3, 2021

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR)  ( Energy Fuels or the Company ) today reported its financial results for the quarter ended June 30, 2021. The Company s quarterly report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission ( SEC ) and may be viewed on the Electronic Document Gathering and Retrieval System ( EDGAR ) at www.sec.gov/edgar.shtml, on the System for Electronic Document Analysis and Retrieval ( SEDAR ) at www.sedar.com, and on the Company s website at www.energyfuels.com. Unless noted otherwise, all dollar amounts are in U.S. dollars. Highlights: At June 30, 2021, the Company had $98.8 million of working capital, including $79.4 million of cash and marketable securities and $29.2 million of inventory. At current commodity prices, the Company s inventory has a value of $39.1 million.

Guynith Beryle Pierre

Guynith Beryle Pierre
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Cross county pursuit results in two arrests

Two subjects refusing to pull over when directed to by a San Joaquin county Sheriff Deputy on Wednesday, July 21 triggered a 16-mile pursuit across the county line, culminating with their arrest near Herald. Galt Police Department was just one of several law enforcement agencies that assisted San Joaquin County Sheriff Department in the pursuit. At approximately 5 p.m. on Wednesday, an AGNET (Agriculture Gangs and Narcotics Enforcement Team) officer attempted to pull over a silver Dodge pickup truck in east Lodi for traffic violations. The driver refused to pull over and proceeded to attempt to lose the pursuing officers by going on and off Highway 99 at multiple on and off ramps.

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