Eagle Nuclear Energy (NUCL) Corporate presentation summary

Strategic context and market drivers

• Surging electricity demand from AI, quantum computing, and industrial electrification is projected to nearly triple global power needs by 2050, with data centers alone soon consuming power comparable to major nations.

• U.S. policy initiatives, including executive orders, aim to quadruple domestic nuclear power, streamline regulatory approvals, and secure uranium supply, boosting market confidence and investment.

• The U.S. remains the largest nuclear power producer, with robust infrastructure and bipartisan support for nuclear energy as a key to energy security and net-zero goals.

Uranium market dynamics

• A structural supply deficit in uranium is widening due to underinvestment, mine depletion, and geopolitical constraints, especially following bans on Russian exports.

• U.S. uranium production is limited, with most supply imported from countries like Canada, Kazakhstan, and Australia, while domestic demand exceeds 50Mlbs annually.

• Analysts expect uranium prices to rise sharply as supply struggles to meet growing demand from expanding reactor fleets and new nuclear projects.

Project portfolio and resource base

• Holds the largest conventional uranium deposit in the U.S. (Aurora) with 32.75Mlbs indicated and 4.98Mlbs inferred resources, plus significant upside from the adjacent Cordex deposit.

• Aurora is a shallow, near-surface, low-risk, and cost-effective deposit with over 600 drill holes, located in a mining-friendly jurisdiction with efficient permitting.

• The project benefits from existing infrastructure, proximity to processing facilities, and a clear regulatory pathway, with ongoing exploration and permitting milestones mapped through 2028.