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EFR.TO ·

Energy Fuels Announces Election of Directors

Shareholder Meetings

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Energy Fuels Announces Election of Directors

Lakewood, Colorado – May 25, 2022

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), the leading

uranium producer in the U nited States, announces the results of the election of directors at its annual

meeting of shareholders (the “Meeting”) held virtually on May 25, 2022.

The ten (10) nominees proposed by management for election as directors were elected by the

shareholders of the Company, through a combination of votes by proxy and electronic poll, as follows:

Nominee Votes For % For Votes Withheld % Withheld

J. Birks Bovaird 28,895,258 84.00% 5,504,196 16.00%

Mark S. Chalmers 34,174,259 99.35% 225,195 0.65%

Benjamin Eshleman III 33,122,677 96.29% 1,276,777 3.71%

Ivy V. Estabrooke 34,046,339 98.97% 353,115 1.03%

Barbara A. Filas 33,578,211 97.61% 821,243 2.39%

Bruce D. Hansen 33,031,520 96.02% 1,367,934 3.98%

Jaqueline Herrera 33,885,122 98.50% 514,332 1.50%

Dennis L. Higgs 33,942,354 98.67% 457,100 1.33%

Robert W. Kirkwood 33,124,267 96.29% 1,275,187 3.71%

Alexander Morrison 33,845,484 98.39% 553,970 1.61%

About Energy Fuels : Energy Fuels is a leading U.S. -based uranium mining company, supplying U 3O8 to

major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market

conditions warrant, and is ramping up commercial -scale production of rare earth element (“ REE”)

carbonate. Its corporate offices are in Lakewood, Colorado, near Denver, and all its assets and employees

are in the United States. Energy Fuels holds three of America's key uranium production centers: the White

Mesa Mill in Utah, the Nichols Ranch in -situ recovery ("ISR") Project in Wyoming, and the Alta Mesa ISR

Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today,

has a licensed capacity of over 8 million pounds of U 3O8 per year, and has the ability to recycle alternate

feed materials from third parties, to produce vanadium when market conditions warrant, and to produce

REE carbonate from various uranium-bearing ores. Energy Fuels is also evaluating the potential to recover

medical isotopes for use in targeted alpha therapy cancer treatments. The Nichols Ranch ISR Project is on

standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also

on standby and has a licensed capacity of 1.5 million pounds of U 3O8 per year. In addition to the above

production facilities, Energy Fuels also has one of the largest SK -1300/NI 43 -101 compliant uranium

resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby

and in various stages of permitting and development. The primary trading market f or Energy Fuels'

common shares is the NYSE American under the trading symbol "UUUU," and the Company's common

shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels'

website is www.energyfuels.com.

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SOURCE Energy Fuels Inc.

For further information:

Energy Fuels Inc.

Curtis Moore - VP - Marketing & Corporate Development

(303) 974-2140 or Toll free: (888) 864-2125

[email protected]

www.energyfuels.com