Extractive Sector Transparency Measures Act - Annual Report  
Reporting Entity Name Energy Fuels Inc.  
Reporting Year From  1/1/2025 To:  12/31/2025 Date submitted 9/3/2026  
Reporting Entity ESTMA Identification Number E541761  Original Submission
Amended Report

 Report Version  
2  
Other Subsidiaries Included
(optional field)		    
   
Not Consolidated    
   
Not Substituted    
   
Attestation by Reporting Entity    
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.  
   
   
Full Name of Director or Officer of Reporting Entity Nathan Bennett Date 9/3/2026  
Position Title CFO  


Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From:  1/1/2025 To:  12/31/2025    
Reporting Entity Name Energy Fuels Inc. Currency of the Report USD
Reporting Entity ESTMA Identification Number E541761    
Subsidiary Reporting Entities (if necessary)      
Payments by Payee
Country  Payee Name1 Departments,
Agency, etc...
within Payee that
Received
Payments2		  Taxes Royalties  Fees Production
Entitlements		 Bonuses  Dividends Infrastructure
Improvement
Payments		 Total
Amount paid
to Payee		 Notes34
Australia Government of Western Australia Department of Finance 635,540             635,540  
Kenya Government of Kenya Ministry of Minng, Blue Economy and Maritime Affairs   2,319,704           2,319,704  
Kenya Government of Kenya Kenya Revenue Authority 313,038             313,038  
Kenya Government of Kenya Ministry of Transport, Infrastructure, Housing & Urban Development     74,752         74,752  
Madagascar Government of Madagascar Ministry of Mines     107,914         107,914  
United States of America Government of the United States of America Bureau of Land Management     652,600         652,600  
United States of America Johnson County Johnson County Clerk 139,651   532         140,183  
United States of America San Juan County San Juan County Treasurer 629,983 263           630,246  
United States of America State of Utah     176,955 460,040         636,995  
United States of America State of Utah Utah State Tax Commission     208,413         208,413  
United States of America State of Wyoming Wyoming Dept of Environmental Quality     164,209         164,209  
                       
                       
Additional Notes: The payments to Australia were converted using the AUD:USD exchange rate of .64448 which is the rate used in the EFR Australia consolidated financial statements as of December 31, 2025. The payments to Kenya were converted using the KES:USD exchange rate of .00773 which is the rate used for the consolidated financial statements as of December 31, 2025. The payments made to Madagascar were converted using the MGA:USD exchange rate of .0002 which is the rate used for the consolidated financial statements as of December 31, 2025.

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From:  1/1/2025 To:  12/31/2025    
Reporting Entity Name Energy Fuels Inc. Currency of the Report USD
Reporting Entity ESTMA Identification Number E541761    
Subsidiary Reporting Entities (if necessary)      
Payments by Project
Country Project Name1  Taxes Royalties  Fees  Production Entitlements  Bonuses  Dividends Infrastructure
Improvement Payments		 Total Amount paid
by Project 		Notes23
United States of America Nichols Ranch 139,651   817,341          956,992  
United States of America White Mesa Asset Group 629,983 263  -          630,246  
United States of America Colorado Plateau   176,955  668,453          845,408   
Australia Australia Back Office 635,540             635,540   
Kenya Kwale Project 313,038 2,319,704  74,752          2,707,494   
Madagascar Vara Mada Project     107,914          107,914  
Additional Notes3: The payments to Australia were converted using the AUD:USD exchange rate of .64448 which is the rate used in the EFR Australia consolidated financial statements as of December 31, 2025. The payments to Kenya were converted using the KES:USD exchange rate of .00773 which is the rate used for the consolidated financial statements as of December 31, 2025. The payments made to Madagascar were converted using the MGA:USD exchange rate of .0002 which is the rate used for the consolidated financial statements as of December 31, 2025.