
	Three Months Ended September 30, 2026
			Rare		Heavy
			Earth		Mineral				Consolidated
	Uranium		Elements		Sands		Unallocated(1)		Total
Revenues	$	28,744	$	436	$	—	$	—	$	29,180
Operating costs and expenses:
Costs applicable to revenues	10,893		411		—		—		11,304
Exploration, development and processing(2)(3)	7,837		1,986		1,984		—		11,807
Standby(3)	3,088		—		—		—		3,088
Accretion of asset retirement obligations	402		6		171		—		579
Selling, general and administrative(2)	2,755		4,740		7,630		—		15,125
Share-based compensation	969		1,327		1,264		—		3,560
Transactions and integration related costs	—		—		—		9,030		9,030
Total operating costs and expenses	25,944		8,470		11,049		9,030		54,493
Operating income (loss)	$	2,800	$	(8,034)	$	(11,049)	$	(9,030)	$	(25,313)

(3) Includes depreciation, depletion and amortization expense of $1.17 million, $0.90 million and $0.12 million related to the uranium, REE and HMS segments, respectively. Depreciation, depletion and amortization expense is included in Exploration, development and processing and Standby on the unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss.


	Three Months Ended September 30, 2025
			Rare		Heavy
			Earth		Mineral		Consolidated
	Uranium		Elements		Sands		Total
Revenues	$	17,710	$	—	$	—	$	17,710
Operating costs and expenses:
Costs applicable to revenues	12,784		—		—		12,784
Exploration, development and processing(1)(2)	7,406		880		4,160		12,446
Standby(2)	2,525		—		—		2,525
Accretion of asset retirement obligations	364		—		323		687
Selling, general and administrative(1)	2,591		3,333		6,710		12,634
Share-based compensation	800		823		1,677		3,300

Total operating costs and expenses	26,470		5,036		12,870		44,376
Operating loss	$	(8,760)	$	(5,036)	$	(12,870)	$	(26,666)

(2) Includes depreciation, depletion and amortization expense of $0.72 million, $0.62 million and $0.05 million related to the uranium, REE and HMS segments, respectively. Depreciation, depletion and amortization expense is included in Exploration, development and processing and Standby on the unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss.


	Nine Months Ended September 30, 2026
			Rare		Heavy
			Earth		Mineral				Consolidated
	Uranium		Elements		Sands		Unallocated(1)		Total
Revenues	$	89,690	$	436	$	—	$	—	$	90,126
Operating costs and expenses:
Costs applicable to revenues	43,058		411		—		—		43,469
Exploration, development and processing(2)(3)	20,365		3,070		4,581		—		28,016
Standby(2)	9,296		—		—		—		9,296
Accretion of asset retirement obligations	1,173		6		3,708		—		4,887
Selling, general and administrative(2)	8,957		13,431		22,029		—		44,417
Share-based compensation	3,323		3,959		3,430		—		10,712
Transactions and integration related costs	—		—		—		22,145		22,145
Total operating costs and expenses	86,172		20,877		33,748		22,145		162,942
Operating income (loss)	$	3,518	$	(20,441)	$	(33,748)	$	(22,145)	$	(72,816)

(3) Includes depreciation, depletion and amortization expense of $2.72 million, $2.26 million and $0.31 million related to the uranium, REE and HMS segments, respectively. Depreciation, depletion and amortization expense is included in Exploration, development and processing and Standby on the unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss.


	Nine Months Ended September 30, 2025
			Rare		Heavy
			Earth		Mineral		Consolidated
	Uranium		Elements		Sands		Total
Revenues	$	22,999	$	—	$	15,821	$	38,820
Operating costs and expenses:
Costs applicable to revenues	15,443		—		19,120		34,563
Exploration, development and processing(1)(2)	17,331		1,897		8,739		27,967
Standby(2)	6,172		—		—		6,172
Accretion of asset retirement obligations	1,066		—		1,556		2,622
Selling, general and administrative(1)	9,785		9,504		18,451		37,740
Share-based compensation	2,207		1,891		4,692		8,790

Total operating costs and expenses	52,004		13,292		52,558		117,854
Operating loss	$	(29,005)	$	(13,292)	$	(36,737)	$	(79,034)

(2) Includes depreciation, depletion and amortization expense of $2.13 million, $1.72 million and $0.15 million related to the uranium, REE and HMS segments, respectively. Depreciation, depletion and amortization expense is included in Exploration, development and processing and Standby on the unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss.