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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 27, 2023

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

based critical minerals company, announces the results of the election of directors at its annual meeting

of shareholders (the “Meeting”) held virtually on May 25, 2023.

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 40,314,043 86.84% 6,109,486 13.16%

Mark S. Chalmers 44,897,509 96.71% 1,526,020 3.29%

Benjamin Eshleman III 44,779,891 96.46% 1,643,638 3.54%

Ivy V. Estabrooke 45,201,656 97.37% 1,221,873 2.63%

Barbara A. Filas 45,171,479 97.30% 1,252,050 2.70%

Bruce D. Hansen 44,379,653 95.60% 2,043,876 4.40%

Jaqueline Herrera 45,135,865 97.23% 1,287,664 2.77%

Dennis L. Higgs 45,121,354 97.20% 1,302,175 2.80%

Robert W. Kirkwood 45,135,063 97.22% 1,288,466 2.78%

Alexander G. Morrison 45,286,508 97.55% 1,137,027 2.45%

About Energy Fuels: Energy Fuels is a leading US -based critical minerals company. The Company, as the

leading producer of uranium in the United States, mines uranium and produces natural uranium

concentrates that are sold to major nuclear utilities for the production of carbon -free nuclear energy.

Energy Fuels recently began production of advanced rare earth element ( “REE”) materials, including

mixed REE carbonate and plans to produce commercial quantities of separated REE oxides in the future.

Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is

evaluating the recovery of radionuclides needed for emerging cancer treatments. Its corporate offices are

in Lakewood, Colorado, near Denver, and substantially all its assets and employees are in the United

States. Energy Fuels holds two of America's key uranium production centers: the White Mesa Mill

in Utah and the Nichols Ranch in-situ recovery ("ISR") Project in Wyoming. The White Mesa Mill is the only

conventional uranium mill operating in the US today, has a licensed capacity of over 8 million pounds of

U3O8 per year, has the ability to produce vanadium when market conditions warrant, as well as REE

products, from various uranium -bearing ores. The Nichols Ranch ISR Project is on standby and has a

licensed capacity of 2 million pounds of U3O8 per year. The Company recently acquired the Bahia Project

in Brazil, which is believed to have significant quantities of titanium (ilmenite and rutile), zirconium

(zircon) and REE (monazite) minerals. In addition to the above production facilities, Energy Fuels also has

one of the largest NI 43 -101 compliant uranium resource portfolios in the US and several uranium and

uranium/vanadium mining projects on standby and in various stages of permitting and development. The

primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol

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"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.

For further information:

Energy Fuels Inc.

Curtis Moore – Senior VP - Marketing & Corporate Development

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

[email protected]

www.energyfuels.com