Mr. Greg Huffman reports

NUCLEAR FUELS ANNOUNCES FILING AND MAILING OF SPECIAL MEETING MATERIALS IN CONNECTION WITH PROPOSED ARRANGEMENT WITH PREMIER AMERICAN URANIUM

Nuclear Fuels Inc. has filed with the applicable Canadian securities regulatory authorities a management information circular dated July 10, 2025, and related meeting materials of the company for use at the special meeting of Nuclear Fuels shareholders to be held in connection with the proposed plan of arrangement under the Business Corporations Act (British Columbia) involving the company and Premier American Uranium Inc., as previously announced in a news release dated June 5, 2025. The company has commenced the mailing of copies of the meeting materials to company shareholders entitled to vote on the arrangement at the meeting.

At the meeting, company shareholders will be asked to consider a special resolution approving the arrangement pursuant to which Premier American Uranium will acquire all of the issued and outstanding common shares of Nuclear Fuels. Pursuant to the arrangement, each company shareholder will receive 0.33 of a common share of Premier American Uranium for each Nuclear Fuel share held.

The board of directors of Nuclear Fuels recommends that company shareholders vote for the arrangement resolution.

Additional details with respect to the arrangement, the reasons for the recommendation of the board of directors of the company, as well as the potential benefits and risks of the arrangement, are described in the circular, which shareholders are encouraged to read in its entirety.

The meeting and voting

The meeting is scheduled to be held at the offices of Morton Law LLP, located at Suite 1200, 750 West Pender St., Vancouver, B.C., V6C 2T8, at 11 a.m. Vancouver time on Aug. 13, 2025, subject to adjournment or postponement. Company shareholders are encouraged to carefully read the notice of meeting, the circular and other meeting materials for information concerning the arrangement, the arrangement resolution and voting. The meeting materials are available under Nuclear Fuels' profile on SEDAR+. Only company shareholders of record as at the close of business on July 7, 2025, are eligible to vote at the meeting.

About Nuclear Fuels Inc.

Nuclear Fuels is a uranium exploration company advancing early-stage, district-scale ISR (in situ recovery) amenable uranium projects toward production in the United States. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. Currently planning its 2025 drill program following successful 2023 and 2024 drilling, the company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The company's strategic relationship with enCore Energy Corp., America's Clean Energy Company, offers a mutually beneficial pathway to production, with enCore owning an equity interest and retaining the right to back into a 51-per-cent ownership in the flagship Kaycee project in Wyoming's prolific Powder River basin.

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