Premier American Uranium: Anchored in America

Premier’s projects span the core of America’s uranium corridor — New Mexico’s Grants Mineral Belt, Wyoming’s Powder River and Great Divide Basins, and Colorado–Utah’s Uravan Belt. These mature mining regions combine rich geology, infrastructure, and permitting history. Cebolleta lies within the U.S.’s most productive uranium district, while the Kaycee and Cyclone ISR projects sit beside active producers, offering direct exposure to proven operating environments and strong federal policy alignment.

Two transformational deals reshaped PUR into a multi-asset U.S. uranium developer. The 2024 acquisition of American Future Fuel and Nuclear Fuels Inc. delivered full control of the Cebolleta Project, establishing a large, development-ready foundation. The 2025 merger with Nuclear Fuels Inc. added the 35-mile ISR-amenable Kaycee trend and a pipeline across Wyoming, Utah, and Arizona. Together, they created the largest pure-play domestic uranium platform with meaningful resource scale and exploration leverage.

Cebolleta's October 2025 PEA confirmed it as one of America's largest undeveloped uranium assets, outlining 18.1 Mlbs production over 13 years with an after-tax NPV (8%) of US$83.9 million at US$90/lb. A low-capex, hybrid open-pit and underground plan with heap-leach recovery provides clear economics and scalability. With permitting progress and metallurgical optimisation underway, PUR has entered the development phase, transitioning from discovery to defined value creation.

Cebolleta Optimisation & Wyoming Drilling: Near-term momentum will come from Cebolleta's ongoing metallurgical testing, aimed at lifting recoveries from 80% to 90%, which could nearly double project NPV. Parallel drill programs at Kaycee and Cyclone, totalling more than 120,000 feet, are targeting maiden ISR resource definition. Together, these programs should continue momentum, strengthen technical confidence, and reinforce PUR's credibility as a development-stage uranium company.

Feasibility Studies & Partnerships: By 2026, Cebolleta is expected to advance toward a feasibility study and initial permit submissions, supported by further drilling and optimisation work. In parallel, PUR is expected to pursue potential partnerships or offtake discussions with utilities or federal programs under the U.S. Strategic Uranium Reserve initiative. These milestones could validate economic assumptions and formalise PUR's positioning within the domestic nuclear supply chain.

Development Readiness & Policy Tailwinds: Beyond 2026, Key catalysts include a potential construction decision at Cebolleta and advancement of ISR resources in Wyoming. As the U.S. formally classifies uranium as a critical mineral, PUR's assets could gain access to debt and loan guarantees and strategic offtake support. These structural tailwinds, combined with a tightening market and clear development pathway, position PUR for a material valuation re-rate over the longer term.

While Cebolleta, Kaycee, and Cyclone host significant resources and drilling, further confirmation and metallurgical test work is required to define reserves. Historical data underpins confidence but must be validated under modern standards. Inherent variability could affect economic outcomes

Uranium development requires layered federal, state, and tribal approvals. New Mexico's regulatory landscape has improved, yet timelines remain uncertain. PUR's advantage lies in operating within established mining districts and DOE-leased areas, but any shift in policy could delay milestones.

Founded in 2022, PUR has grown rapidly through M&A but has yet to achieve commercial production. Integration risk, execution capability, and maintaining funding discipline will be key as it scales from exploration to feasibility.