A Green Resources Company Toward production of clean energy commodities: uranium & battery metals www.u3o8corp.com November, 2017 Power Storage Rare Earths Nuclear Energy Yttrium & Uranium Vanadium, Nickel Neodymium & Phosphate TSX: UWE | OTCQB: UWEFF
A Green Resources Company Forward-Looking Statements & Disclaimer QP for Technical Disclosure – All scientific and technical disclosure contained herein has been prepared and approved by Dr. Richard Spencer, U3O8 Corp’s President and CEO and a “qualified person” within the meaning of NI 43-101. Certain statements contained herein constitute forward-looking statements (“FLS”) that involve substantial known and unknown risks and uncertainties. These FLS are subject to numerous risks and uncertainties, certain of which are beyond the control of U3O8 Corp., including, but not limited to, the impact of general economic conditions, industry conditions, geopolitical risks, volatility of commodity prices, assumptions used in resource estimates, economic analysis and financial projections, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, timing and outcome of the preliminary economic assessment (“PEA”) and that a mine will be achieved on the Laguna Salada Project or the Berlin Deposit, that a joint venture will be formed with the Chubut provincial resource company, that the frac sand property will be developed as anticipated and silica potential is realized, currency fluctuations, the uncertainty of obtaining additional financing and exploration risk, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FLS. These FLS are made as of the date hereof and U3O8 Corp. assumes no obligation to update or revise them to reflect new events or circumstances. Industry and peer information has been drawn from publicly available sources and have not been independently verified by U3O8 Corp. Comparisons of U3O8 Corp’s resource and exploration targets with other uranium deposits are conceptual in nature, and have not been independently verified by U3O8 Corp. and information regarding these peer deposits are drawn from publicly available information. Kurupung Project, Guyana – resource of 8.4Mlb indicated at 0.09% U 3 O 8 and 7.7Mlb inferred at 0.08% U 3 O 8 . See June 26, 2012 – “Technical Review and Mineral Resource Estimates of the Aricheng C and Aricheng West Structures, Kurupung Uranium Project, Mazaruni District, Guyana for U3O8 Corp.” and January 14, 2009 – “A Technical Review of the Aricheng North and Aricheng South Uranium Deposits in Western Guyana for U3O8 Corp. and Prometheus Resources (Guyana) Inc.” Scout drilling suggests that the Kurupung may contain an additional exploration target of 6-11Mt at a grade of 0.08% to 0.10% U 3 O 8 (~14-19Mlb) – see press releases dated June 10, 2008, October 15, 2009, November 18, 2009, March 16, 2010, April 20, 2011 and June 8, 2011. Laguna Salada Project, Argentina – resources of 6.3Mlb indicated at 60ppm U 3 O 8 and 3.8Mlb inferred at 85ppm U 3 O 8 ; and 57Mlb indicated at 550ppm V 2 O 5 and 27Mlb at 590ppm V 2 O 5 . See May 20, 2011 – “Laguna Salada Project, Chubut Province, Argentina, NI 43-101 Technical Report on Laguna Salada: Initial Resource Estimate”. Based on exploration results on other mineralized areas, there is an additional exploration target of 56-113Mt at a grade of 50ppm to 60ppm U 3 O 8 (~10- 15Mlb) – see press releases dated December, 4, 2013 and November 12, 2013. For the Laguna Salada PEA, see the September 18, 2014 – “Preliminary Economic Assessment of Laguna Salada Uranium-Vanadium Deposit, Chubut Province, Argentina”. Berlin Project, Colombia – resources of 1.5Mlb indicated at 0.11% U 3 O 8 and 19.9Mlb inferred at 0.11% U 3 O 8 ; plus a phosphate inferred resource of 0.8Mt at 9.3% P 2 O 5 and vanadium inferred resource of 97mlb at 0.50% V 2 O 5 defined on only the southern 3km of the 10.5km mineralized trend at Berlin. See March 2, 2012 – “Berlin Project, Colombia – National Instrument NI 43-101 Report”. Based on exploration on other mineralized areas, there is an additional exploration target of 20- 27Mt at a grade of 0.09% to 0.11% U 3 O 8 (~50-55Mlb) on the remaining 7.5km of the trend – see press release dated September 20, 2012. For the Berlin PEA see the January 31, 2013 – “Berlin Project, Colombia - Preliminary Economic Assessment, NI 43-101 Report”. PEAs are preliminary in nature as they include inferred mineral resources that are considered too speculative geologically for economic consideration that would enable them to be classified as mineral reserves. Mineral resources are not mineral reserves and have not demonstrated economic viability. There is no certainty that the results of the PEAs will be realized. Potential quantity and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource on the above exploration targets, and it is uncertain if further exploration will increase the mineral resources on the company’s projects in Guyana, Argentina and Colombia. Information on U3O8 Corp., its projects and technical reports in compliance with NI 43-101 are available on the company’s web site at www.u3o8corp.com. TSX: UWE | OTCQB: UWEFF 2
A Green Resources Company U3O8 Corp: Commodities for clean energy 1. Uranium 2. Battery 3. Rare To fuel large nuclear Commodities Earths power plants Nickel, High-efficiency Vanadium, generators & Phosphate, motors Zinc To fuel small modular reactors (SMRs) 3 TSX: UWE | OTCQB: UWEFF
A Green Resources Company U3O8 Corp. Core Components & Estimate of % Revenue that would be derived from each U3O8 Corp Battery Rare Earth Other Project Uranium Total Commodities Elements Metals Laguna Salada, 86% Vanadium 14% 100% Argentina Vanadium 9% Nickel 15% Berlin, 35% Phosphate 31% 7% 1% 100% Colombia Zinc 2% Sub-total 57% U3O8 Corp has a 39% holding in South American Silica Note - PEA estimates are preliminary in nature, as is the revenue projected to be derived from each commodity. The PEAs include resources that are not reserves that do not have demonstrated economic viability. There is no certainty of the results of the PEA being realized - see slide 2 TSX: UWE | OTCQB: UWEFF 4
A Green Resources Company U3O8 Corp. Uranium Resource: 48 million pounds Estimated Cash Estimated Cost of Uranium Capital Priority Guyana Production Cost Colombia BERLIN, Colombia Million Resource Type pounds US$0/pound of Indicated 1.5 US$441 uranium net of by- 2 million Inferred 19.9 products LAGUNA SALADA, Argentina US$22/pound of Indicated 6.3 US$136 uranium, net of by- 1 million Inferred 3.8 product vanadium Argentina KURUPUNG, Guyana Indicated 8.3 Rough estimate: Not yet 3 US$45/pound estimated Inferred 7.9 Note – Projected cash costs are based on PEAs that are preliminary in nature as they include resource estimates that are not mineral reserves and do not have demonstrated economic viability – see slide 2 TSX: UWE | OTCQB: UWEFF 5
Nuclear in Argentina A Green Resources Company Will generate 9% of electricity when Embalse reactor is back on stream Large Nuclear Power Plants: 2 operating reactors, one being refurbished Reactor Atucha I Embalse Atucha II Atucha III “No 5” Date of Commercial Construction Construction 1974 1984 2015 Operation starts 2018 starts 2020 Capacity (MWe net) 335 600 635 692 800 1,150 Type Siemens Candu-6 Siemens Candu-6 Hualong One 10-years to 30-years to 2048 Construction contract signed Life extensions 2027 6% output increase May, 2017 Small Reactors: 5 Research reactors operating in Argentina 5 Research reactors built by Argentine reactor construction company INVAP elsewhere in the world CAREM Small Modular Reactor: • 25MW prototype under construction, 100MW & 200MW units designed TSX: UWE | OTCQB: UWEFF 6
Nuclear Energy in Argentina: A Green Resources Company Electricity Generation from Nuclear in Argentina: actual & planned 30,000 Electricity Production (GWh) Reactor 5 25,000 20,000 Reactor 4 15,000 Refurbished Embalse reactor ramps up to full production 10,000 5,000 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Source of data: CNEA, IAEA TSX: UWE | OTCQB: UWEFF 7
A Green Resources Company Nuclear in Argentina – the opportunity Nuclear energy industry overseen by ARN (Nuclear Regulatory Authority) Reactor Design Reactor Uranium Enrichment & Spent Fuel Construction Production Fuel-Rod Storage Manufacture DIOXITEC & NA-SA 1 CNEA/INVAP INVAP Laguna Salada CONUAR Deposit – Australia’s only nuclear CNEA 2 U3O8 Corp. reactor – the OPAL research Nuclear fuel rod facility cluster Cerro Solo Deposit – State through CNEA Spent fuel in dry storage in concrete casks - CNEA INVAP to build medical isotope facility in 1 Short-term storage at nuclear power USA for Coqui Pharma plants operated by NA-SA; 2 Long-term storage in dry casks by CNEA. TSX: UWE | OTCQB: UWEFF 8
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