Evolving into a Long-Term Sustainable Uranium Producer - TSX: UEX OTCQB: UEXCF UEXCORP.COM January 24, 2022 - Jan 24 2022
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Evolving into a Long-Term
Sustainable Uranium
Producer
TSX: UEX
OTCQB: UEXCF
UEXCORP.COM
January 24, 2022
Forward Looking Statement FORWARD-LOOKING INFORMATION AND STATEMENTS: This news release contains statements that constitute "forward-looking information" for the purposes of Canadian securities laws. Such statements are based on UEX's current expectations, estimates, forecasts and projections. Such forward-looking information includes statements regarding the Company’s strategic plans, estimates of mineral resources on the Company’s properties and historical estimates of mineral resources on the JCU properties, the outlook for future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. Such forward-looking information is based on certain factors and assumptions, the reliability of historic resource estimates on JCU’s mineral properties and liabilities and working capital of JCU at closing. Important factors that could cause actual results to differ materially from UEX's expectations include uncertainties relating to the historic resource estimates on the JCU properties, continuity and grade of deposits, fluctuations in uranium, cobalt and nickel prices and currency exchange rates, changes in environmental and other laws affecting uranium, cobalt and nickel exploration and mining, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the applicable Canadian securities commissions on SEDAR. Many of these factors are beyond the control of UEX. Consequently, all forward-looking information contained in this presentation is qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX with respect to the acquisition of JCU will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking information. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. NOTICE TO U.S. PERSONS: The information in this presentation has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. Information, including scientific or technical information, has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“N.I. 43-101”). N.I. 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including N.I. 43-101, differ significantly from the requirements of the SEC. For example, the terms “indicated mineral resources” and “inferred mineral resources” are used in this publication to comply with the reporting standards in Canada. While those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Readers should understand that “indicated mineral resources” and “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. In accordance with Canadian rules, estimates of “inferred mineral resources” cannot form the basis of feasibility or other economic studies. In addition, the definitions of proven and probable mineral reserves used in N.I. 43-101 differ from the definitions in the SEC Industry Guide 7. Disclosure of “contained pounds” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this publication describing the Company’s mineral properties may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder. QUALIFIED PERSON: Technical information in this presentation has been reviewed and approved by Roger Lemaitre, P.Eng., P.Geo., UEX’s President and CEO, who is a Qualified Person as defined by N.I. 43-101. 2 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
UEX - A Unique Uranium Investment
Sustainable Uranium Developer
5 Development-Ready Projects Multi-source low-cost
production potential
3 Resource-Level Projects
Large Resource Base
4 Mid-Stage Projects
Lower-risk advanced growth
18 Grassroots Projects potential
Solid pipeline of opportunities
99.4 M lbs combined resources + 48.4 Mlbs of historical resources
3 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
Corporate Information
Share Price and Volume (Last 12 Months)
Capital Structure
Ticker TSX:UEX OTCQB:UEXCF
Share price (January 21, 2022) C$0.305
52-Week Trading Range C$0.24 – C$0.60
90 Day Average Trading Volume TSX + OTCQB = 4,005,243
Issued & outstanding shares 544.02M
Fully diluted shares outstanding 624.72M
Options1 27.57M
Warrants2 52.10M
Market capitalization (basic) C$166M
Cash position ~C$7.3M
Enterprise value (basic) C$158.7M
Key Shareholders
Segra Capital, MMCap, Extract Resources, Tribeca
1. 27,575,000 options outstanding with a weighted average exercise price of C$0.33/share
2. 52,101,842 warrants outstanding with an exercise prices of C$0.13/share, C$0.18/share, C$0.21/share, C$0.29/share and $0.40/share and expiry
dates of May 20, 2023, June 2, 2023, and September 30, 2024.
4 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
Comparable Company Analysis
Trading at a large discount to producers, explorers and developers
Market Capitalization per Pound U3O8 of Combined Resources
US Producer Average
$7.19/lb U3O8
Publicly-Listed Uranium Developers
Athabasca Developer Average
$5.58/lb U3O8
(C$/lb U3O8)
Global Developer Average
Producers $2.11/lb U3O8
Athabasca Developers
Global Developers
5 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
Sustainable Pipeline
The UEX Pipeline
GRASS MID- DEVELOPMENT
RESOURCE
ROOTS STAGE & PRODUCTION
Cree-Extension Horseshoe-Raven Wheeler River
Moon Lake
West Bear Shea Creek Millennium
Candle Lake
Close Lake Kiggavik
Hidden Bay Christie Lake
Waterfound River
Moore Tomblin Black Lake
Mirror R Riou Lake
Laurie Wolly
Erica
Nikita
Ownership in Multiple Development Projects
Alexandra
Beatty River
Pipeline of Development-Ready & Resource
Uchrich Projects
George L
Brander Exposure to Discovery Potential with lower risk
Christie West mid-stage opportunities
Key West
Axis L Backstopped by large resource base
UEX Project JCU Project
6 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
UEX Development-Ready Projects
Kiggavik Shea Creek
66.19% Orano - 33.81% JCU 50.9% Orano - 49.1% UEX Horseshoe-
historical 133 M lbs U3O8 95.9 M lbs U3O8 Raven
JCU Share - 44.97 M lbs UEX Share - 47.1 M lbs 100% UEX
Project Description Filed with Top Brownfields Project in the 37.4 M lbs U3O8
CNSC Basin
Development
Ready
Millennium
69.901% Cameco - 30.099% JCU
historical 104.9 M lbs U3O8
JCU Share - 31.57 M lbs
Cameco Development Project
Wheeler River
90% Denison - 10% JCU
historical 135.1 M lbs U3O8
JCU Share - 13.51 M lbs
Feasibility Study Underway
7 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
Resulting UEX Ownership of U Development Projects
Ownership in 6 of the next 10
uranium development projects
in Canada
Phoenix
3 of 6 Tier 1 deposits
Phoenix
Millennium
Gryphon
• Arrow Fox Lake
• PLS - Triple R
• Midwest Roughrider
Millennium
3 of 4 Tier 2 projects Tamarack
Kiggavik Gryphon
Midwest
Christie
Waterbury Shea Arrow
Shea Creek Creek Kiggavik
Horseshoe-Raven McClean
Rabbit Lake
• Waterbury Horseshoe
Raven
8 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
UEX Resource Projects
Kiggavik Shea Creek
66.19% Orano - 33.81% JCU 50.9% Orano - 49.1% UEX
historical 133 M lbs U3O8 95.9 M lbs U3O8
JCU Share - 44.97 M lbs UEX Share - 47.1 M lbs
West Bear
Project Description Filed with Top Brownfields Project in the 100% UEX
CNSC Basin
5.1 M lbs Co &
Christie Lake 5.6 M lbs Ni
65.55% UEX 34.45% JCU First two
(82.775% UEX) Athabasca Co-
Ni Deposits
20.35 M lbs U3O8
UEX Share*-16.85 M lbs
(* direct & indirect)
Mid-Stage Opportunity
Wheeler River
90% Denison - 10% JCU
historical 135.1 M lbs U3O8
JCU Share - 13.51 M lbs
9 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM Feasibility Study Underway
UEX Mid-Stage Projects
Black Lake
52.426% UEX
40.000% ALX
8.574% Orano
Wolly
64.997% Orano
Athabasca Land Holdings 21.893% DML
JCU - 120,864 ha Riou Lake 13.108% JCU
UEX - 296,561 ha 100% UEX
Adjoins the McClean Lake
Combined - 417,422 ha Operation
+
Kiggavik - 18,482 ha
Total Land - 435,904 ha
No significant costs to hold for at
least 7 years Hidden Bay
100% UEX
Over a dozen high-priority
targets adjacent to 2 world-
class U operations in shallow
depth terrain and
infrastructure-rich district
10 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMUEX Grassroots Projects
Athabasca Land Holdings Waterfound
Axis Lake River
JCU - 120,864 ha 100% UEX
UEX - 296,561 ha 60.701% Orano
Combined - 417,422 ha 12.316% DML
+ 26.983% JCU
Kiggavik - 18,482 ha
Total Land - 435,904 ha
Brander & Erica
No significant costs to hold for at 49.0975% UEX Close Lake Candle Lake
least 7 years 50.9072% Orano 75.13% Orano 44.94% DML
14.56% CCO 30.06% Uranium 1
10.313% JCU 25.00% JCU
Alexandra
21.05% UEX
78.95% Orano Cree-Extension Moore Tomblin
41.964% CCO 19.786% CCO
27.937% Orano 66.619% Orano
Nikita 30.099% JCU 13.59% JCU
12.72% UEX Surrounds Millennium
87.28% Orano
Beatty River George Lake
56.53% Orano
50% UEX
22.04% UEX
50% SLT
21.43% JCU Key West Moon Lake
100% UEX 56.68% CCO
23.17% Orano
11 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM
20.149% JCUFocus on Development & Growth
Short-Term Longer Term
Participate in the development of the Wheeler Participate in development of the
River Project Millennium
Grow the Company’s resource base Develop the Horseshoe and Raven and
Kiggavik Deposits
Grow resources through brownfield exploration
at Shea Creek
Evaluate and make timely acquisitions of
Extract value for shareholders from the West uranium and cobalt projects in favourable
Bear Co-Ni assets and intellectual knowledge low-cost jurisdictions
Find viable ways to increase exploration
activities on our grassroots projects and
shareholder value
12 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMGrowing the Company’s Resource Base
Winter Exploration plans
• Christie Lake - 15 ddh - 9,000 m
• Hidden Bay - 40 ddh - 6,000 m
• JCU Projects
• 26.98% owned Waterbury River
• 10-12 ddh - 7,400 m
• 13.11% owned Wolly
• 8-12 holes - 2,150 m
UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMChristie Lake Project
65.55% UEX & 34.45% JCU (82.775% UEX combined)
McArthur
River Mine
Winter 2022 Program - 15 ddh - 9,000 m
B
Targeting A
A Trend - extension of McArthur River with no drill holes 13.49 million lb U3O8
B Trend - under tested, with known mineralization and
strong resistivity anomaly
3.44 million lb U3O8
Basement mineralization below the known deposits, Christie
P2 Fault Corridor
following open-ended uranium intersections
Uranium Deposit
U3O8 Lake Camp
TSX:UEX | www.uex-corporation.com Uranium Occurrence
NI 43-101 Inferred Mineral Resource Estimate (100% basis)
Deposit Tonnage (000s) Grade Contained Metal
(% U3O8) (M lbs U3O8) unconformity
Paul Bay 338 1.81 13.49
Ken Pen 149 1.05 3.44
Ōrora 102 1.53 3.41
Total 588 1.57 20.35
Prepared by SRK Consulting (Canada) Inc. with an effective date of February 1, 2019. Mineral
resources are not mineral reserves and have not demonstrated economic viability. All figures have
Untested potential in basement…yet open-ended intersections
been rounded to reflect the relative accuracy of the estimates. Reported at a cut-off grade of 0.2%
U3O8
14 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMHidden Bay Project Orano - McClean Lake
Sue B
Brownfields & Basement Exploration Potential
McClean North Sue A
Sue C
Property borders two world-class mining operations
McClean South
Prime land package for basement-hosted U discoveries
Sue E
UEX - Hidden Bay
Winter 2022 - 40 ddh totalling 6,000 m in two areas
Rabbit Lake Deposit
0.34% U3O8 over 0.4 m
Rabbit Lake
t
ul
Mill
Fa
4% U3O8 over 0.6 m
ne
Horseshoe Deposit
ho
U-Ni Sands
ep
lt
au
l
Te
eF
Su
Raven Deposit
15 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMOver 275+ M lbs U3O8 of Discoveries
7 Uranium deposit discoveries Chris Hamel,
P.Geo Mitchell Pedzeric
with reported resources Vice President,
Exploration Geologist
Exploration
4 years at UEX:
14 years at Cameco as:
Field Geologist, West Bear Co
District Geologist, Athabasca Field Geologist, Christie Lake
+ 10 uranium showings
Project Geologist, Rabbit Lake
Field Geologist, Millennium
Deposit
1 deposit in mining
Roger Lemaitre,
2 Cobalt-Nickel discoveries P.Eng. P.Geo
President & CEO
Nathan Barsi,
P.Geo
first of a kind deposit 12 years at Cameco as:
Director, Global Exploration District Geologist
Projects 9 years at Cameco as:
Manager, Saskatchewan Project Geologist, Dawn Lake
Exploration Field Geologist, Millennium
Deposit
Zinc, copper, diamond deposits and showings
Uranium Growth Team
Rabbit Lake 02NEXT Discovery
Team
Combined 80 years of experience, 67 years in uranium
16 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMSolid Expert Leadership
Graham Thody, Suraj Ahuja, P.Geo.
CPA
Board
40 years uranium
Chair exploration experience
at SMDC/Cameco,
Management
40 years finance
PNC and JCU
and accounting
experience
Decades of Board
experience at Pioneer
Metals, Silvercrest
Chris Hamel, P.Geo Evelyn Abbott, CPA Roger Lemaitre, P.Eng
Vice President, Exploration Chief Financial Officer President & CEO
14 years at Cameco 20 years finance 30 yrs experience
Exploration
13 years CFO of public Led Cameco’s Global
company Exploration Projects Team
40+ years capital markets
>60 years audit/accounting,
> 55 years uranium exploration Emmet McGrath, CPA Catherine Stretch Peter Netupsky, CPA
15 yrs capital markets
CEOs/Officers of public companies >20 yr audit partner KPMG VP, Troilus Gold, 20 years capital experience, Director, Corp Dev at
Director of Westminster Credit markets experience, Director of
guided company to discovery & acquisition of Union, Central One Credit Union, TSX:V resource companies
Agnico-Eagle, former Investment
Banker at TD
148.1+ M lbs uranium resources Co-operators
17 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMUEX - A Unique Uranium Investment
Sustainable Uranium Developer
5 Development-Ready Projects Multi-source low-cost
production potential
3 Resource-Level Projects
Large Resource Base
4 Mid-Stage Projects
Lower-risk advanced growth
18 Grassroots Projects potential
Solid pipeline of opportunities
99.4 M lbs combined resources + 48.4 Mlbs of historical resources
18 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COM2022 Milestones
• Increased exploration tempo in 2022
• 15 ddh - 9,000 m Christie Lake winter drill program
• 40 ddh - 6,000 m Hidden Bay winter drill program
• Cobalt positioning
• New partnerships to realize value for the undervalued portions of the portfolio
• Wheeler River Feasibility Study
19 UEX CORPORATION TSX:UEX OTCQB:UEXCF UEXCORP.COMRegional Office
Unit 200 - 3530 Millar Avenue
Saskatoon, SK
S7P 0B6
+1 306 979 3849
Investor Relations
Roger Lemaitre, President & CEO
uex@uexcorp.com
UEXCORP.COM
TSX: UEX
OTCQB: UEXCF
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