Energy Fuels supplements risk factors after Base Resources acquisition close

ENERGY FUELS INC

Toliara Project development hinges on lifting Madagascar govt suspension and binding fiscal terms.
Donald Project joint venture requires final investment decision for Phase 1 before Company earns 49%.
Bahia Project in Brazil faces risk of federal/state conservation units blocking mining.
Kwale Operations closure and rehabilitation costs may exceed current financial provisions.
Company has no operating monazite mine; monazite supply entirely dependent on third-party contracts.

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