Nuclear Fuels Inc.

Nuclear Fuels Inc. explores and develops uranium properties in the United States, focusing on In-Situ Recovery (ISR) extraction methods. The company's primary asset is the Kaycee Project in Wyoming's Powder River Basin, which spans a 35-mile mineralized trend containing over 430 miles of identified roll fronts. This marks the first time since the early 1980s that the entire district operates under single-company control.

ISR is a subsurface mining technique that dissolves uranium ore in place and pumps the solution to the surface for processing, minimizing surface disturbance compared to conventional mining. Nuclear Fuels maintains a strategic relationship with enCore Energy Corp., which holds approximately 18% equity in the company and retains back-in rights to acquire up to 51% ownership of the Kaycee Project. This arrangement provides Nuclear Fuels with technical support and a potential pathway toward production.

The company positions itself within the domestic uranium supply chain, targeting the fuel requirements of nuclear power generation. Nuclear Fuels leverages proprietary historical data and district-scale consolidation to advance its ISR-amenable projects in a sector driven by baseload electricity demand and low-carbon energy transition.