Energy Fuels Inc.

i) Cash dividend The Group recognizes a liability, measured at the amount of cash payable, to pay a dividend when the distribution is authorized, and the distribution is no longer at the discretion of the Group.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

A corresponding amount is recognized directly in equity as a reduction of retained earnings for dividends declared before the reporting period.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

The undrawn facilities consist of EUR 35.0 million under the German syndicated revolving credit facility (held at the level of Ara VAC BidCo GmbH) and approximately EUR 6.8 million representing the undrawn portion of the USD 18.0 million revolving credit facility under the US Credit Agreement (held at the level of e-VAC Magnetics LLC).

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

The financial covenants under the Group's external financing arrangements are not imposed at the level of Ara VAC IE Aggregator LP, but apply at the level of the respective borrowers within the Group: The EUR 165.0 million syndicated term loan and the related EUR 35.0 million revolving credit facility held at the level of Ara VAC BidCo GmbH.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

ARA VAC BidCo GmbH is required to deliver quarterly compliance certificates confirming adherence to the financial covenants under the facility agreement, namely a leverage ratio covenant (net debt to pro-forma EBITDA, calculated on an LTM basis) and a minimum liquidity covenant of EUR 10.0 million.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Management is evaluating strategic alternatives, including a potential disposal of the business as a whole.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Professional fees consist primarily of legal, audit, accounting, and tax service costs incurred in connection with the Group's operating activities and strategic and transaction-related initiatives undertaken during the period.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Department of Defense ("DoD"), Office of the Assistant Secretary of Defense for Industrial Base Policy, through its Manufacturing Capability Expansion and Investment Prioritization ("MCEIP") program.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

("Energy Fuels Bidder" ), completed the acquisition of all of the ordinary shares of Australian Strategic Materials Limited ("ASM" ) pursuant to a Scheme Implementation Deed dated January 21, 2026, as amended on March 13, 2026 by and among Energy Fuels Inc.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Readers are cautioned that it would be unreasonable to rely on any forward-looking statements as creating any legal rights, that such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties, and that actual results are likely to differ, and may differ materially, and objectives, plans and strategies may differ or change, from those expressed or implied by the forward-looking statements as a result of various factors.

SEC original ↗Energy Fuels Inc. — 10-Q Quarterly report10-QAug 5, 2026

However, due to the continuing difficult market environment and the uncertainty surrounding the customer dispute with e-VAC Magnetics LLC, there remains a risk that actual results may fall below plan.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Accordingly, management has determined that no material uncertainties exist that may cast significant doubt on the Group's ability to continue as a going concern.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Management periodically evaluates positions taken in the tax returns in cases where applicable tax regulations are subject to interpretation and reflect the effects of such uncertainties in the measurement of current income tax assets and liabilities in accordance with IAS 12.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

Uncertain tax position Uncertain tax positions are measured based on the most likely amount method in accordance with IFRIC 23 Uncertainty over Income Tax Treatments, as management believes this method provides the best prediction of the resolution of the uncertainty.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

For the purposes of its liquidity planning, management has not included any estimated future settlement amount given uncertainty of the outcome; however, actual outcomes may differ materially from those assumptions.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026

However, due to the continuing difficult market environment and the uncertainty surrounding the e-VAC Magnetics LLC customer dispute, there remains a risk that actual results may fall below plan.

SEC original ↗Energy Fuels Inc. — Earnings release (8-K exhibit)EX-99Oct 13, 2026