Mr. Greg Huffman reports

NUCLEAR FUELS ANNOUNCES FINAL COURT APPROVAL OF ARRANGEMENT WITH PREMIER AMERICAN URANIUM

Nuclear Fuels Inc. has provided an update on the statutory plan of arrangement involving Nuclear Fuels and Premier American Uranium Inc. Further to the company and Premier American's joint news release on Aug. 13, 2025, the Supreme Court of British Columbia issued its final order approving the arrangement on Aug. 18, 2025.

Completion of the arrangement remains subject to the approval of the TSX Venture Exchange, and certain other closing conditions customary in transactions of this nature. Subject to satisfaction or waiver of these closing conditions, the parties are targeting to complete the plan of arrangement on or about to Aug. 25, 2025.

Upon closing of the arrangement, Premier American will acquire all of the issued and outstanding common shares of Nuclear Fuels. Additional details with respect to the arrangement are described in the company's news releases on June 5, 2025, July 15, 2025, and Aug. 13, 2025, and in the company's management information circular dated July 10, 2025, available under the company's profile on SEDAR+.

Following completion of the plan of arrangement, the shares of Premier American will continue trading on the TSX Venture Exchange and the shares of the company will be delisted from the Canadian Securities Exchange, and will not be made available for trading on the TSX Venture Exchange.

In connection with the plan of arrangement, the company engaged Canaccord Genuity Corp. as a financial adviser to the company's board of directors to assist the board in evaluating the plan of arrangement. As consideration for the financial advisory services provided by Canaccord, the company will be issuing 648,414 common shares to Canaccord at a deemed price of 34.7 cents per share.

About Nuclear Fuels Inc.

Nuclear Fuels is a uranium exploration company advancing early stage, district-scale ISR 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-in to 51-per-cent ownership in the flagship Kaycee project in Wyoming's prolific Powder River basin.

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