Company

Scott Melbye

President, CEO & Director Mr. Melbye has served as a director of the Company since April 21, 2017. Mr. Melbye has over 40 years of experience in the nuclear energy industry and has held leadership positions in various uranium mining companies and industry organizations. Mr. Melbye has served as an Executive Vice President of UEC since September 8, 2014, where he is responsible for uranium marketing and sales and strategic growth objectives, and as Advisor to the Nuclear Engineering Program at the Colorado School of Mines. Previously, Mr. Melbye was the Vice President of Commercial at Uranium Participation Corporation (now Sprott Physical Uranium Trust) from 2014 to 2018 and concurrently served as an advisor to the Chairman of Kazatomprom, the national uranium company of Kazakhstan, until March 2018. Prior to that, Mr. Melbye held the position of Executive Vice President of Marketing at Uranium One Inc. from 2011 to 2014, and, from 1989 to 2010, held various positions at Cameco Corporation, including President of their global marketing subsidiary, Cameco, Inc. Mr. Melbye is currently the President of the Uranium Producers of America and is a past Chair of the Board of Governors of the World Nuclear Fuel Market. Mr. Melbye holds a Bachelor of Science (B.Sc.) in Business Administration from Arizona State University.

Damon Barber

Chief Executive Officer

Mr. Barber was appointed CEO of Sweetwater Royalties in January 2023 and brings over 30 years of experience in the metals and mining, oil & gas and renewable energy sectors. Prior to joining Sweetwater, Mr. Barber was the Senior Managing Director of Liberty Metals & Mining from 2014-2022 leading all aspects of investing and managing a portfolio of global private equity investments in the mining sector. Prior to Liberty, Mr. Barber has also held roles as CEO and Executive Director of Hong Kong based CST Mining Group, Head of Metals & Mining - Asia for Deutsche Bank and as a natural resources (oil & gas and renewables) investment banker at Credit Suisse. Mr. Barber holds a B.S in Mining Engineering from the University of Kentucky and an M.B.A. in Finance, with Distinction, from the Wharton School of Business.

James Perry

President

Mr. Perry was appointed Vice President - Business Development and Strategy of Sweetwater Royalties in March 2021. He was promoted to President in January 2023 and has been instrumental in building out Sweetwater’s business, including its renewable energy platform across Wyoming.  He brings over 20 years of international experience across exploration, mining, business development, M&A and corporate law. Prior to joining Sweetwater he served from 2012 - 2021 in senior business development and legal roles at Newcrest Mining, one of the world’s largest gold mining companies, including leading Newcrest’s entry into new jurisdictions in the Americas such as Ecuador and Chile. He has extensive international experience managing and negotiating mining transactions in the Americas, Africa and Southeast Asia. Mr. Perry holds a Bachelor of Laws from Bond University and a Master’s in International Relations and History from the London School of Economics.

Darcy Hirsekorn

Chief Technical Officer Mr. Hirsekorn has been the Chief Technical Officer for the Company since May of 2017. He is a seasoned professional geoscientist with over 20 years of experience in uranium mining and exploration. He started working for Cameco Corporation in 1996 and held increasingly senior roles culminating in the position of District Geologist in 2016. He was part of an exploration group at Cameco that outlined over 250 million pounds of uranium resources, including the Millennium, Fox Lake and Tamarack deposits. In 2017 he joined Uranium Energy Corporation as the District Geologist for Saskatchewan. Throughout his career he has had the opportunity to visit and explore in many of the world’s top uranium districts. He has a diverse skillset in exploration strategy, project evaluation, project and portfolio management, risk mitigation, safety, health and environmental management, and community engagement. He is active in the mining and exploration industry, having sat on the board of the Nunavut/NWT Chamber of Mines, the executive of the local Canadian Institute of Mining Geological Section, and is currently the Vice Chair of the Environment and Sustainability Committee for the Saskatchewan Association of Professional Engineers and Geoscientists of Saskatchewan. He holds a Bachelor of Science Degree in Geology from the University of Saskatchewan and a Certificate in Applied Project Management from SaskPolytech.

Andy Marshall

Chief Financial Officer Mr. Marshall joined the Company in August of 2025. He is a Chartered Accountant and Chartered Financial Analyst with over 20 years of senior financial leadership experience in the natural resources sector. He brings a strong background in accounting, corporate reporting across Canada and the U.S., financial and risk management, transactional financing, M&A, and strategic support for growth-stage mining companies. His career includes CFO roles at multiple publicly listed resource companies, where he supported project advancement, capital markets initiatives, and cross-border operations. Mr. Marshall began his career with PwC LLP in London before relocating to Vancouver in 2008. He graduated from Newcastle University, England, with a BA(Hons) in Financial Analysis and Accounting.

Katherine Arblaster

Vice President, Capital Markets & IR

• Former Management Consultant with twelve years experience
• Holds VP role at Uranium Energy Corp, Gold Royalty Corp, and GoldMining Inc.

John Jordan

Vice President, Land

Mr. Jordan was appointed Vice President, Land in November 2023.  He has over 40 years of experience in the oil and gas, renewables and mineral industries working various basins in multiple states.  Prior to joining Sweetwater, he held the position of Land Manager for Anadarko Petroleum’s Land Grant assets across parts of Colorado, Wyoming and Utah.  Mr. Jordan has extensive experience negotiating all forms of mineral and surface agreements, has represented Land on several large acquisition and divestiture projects, and worked closely with various State and Federal agencies. Mr. Jordan holds a B.S. in Business Administration, – majoring in  Minerals Land Management, from the University of Colorado, and is a Certified Professional Landman (CPL) through the American Association of Professional Landmen.

James Hatley

Technical Advisor

Mr. Hatley currently holds positions for both UEC as Vice President, Production Canada; and President and Board Chair for Japan (Canada) Exploration Ltd. Mr. Hatley is a former officer for Vale Base Metals Newfoundland and Labrador, and NexGen Energy Ltd. Mr. Hatley's career in mining spans over 25 years, with a focus on uranium and base metals mine development, construction, and operations. He has led the construction of three mines at the Voisey's Bay Mine Expansion for Vale and has held key leadership roles at Cameco Corporation, including project director and superintendent for the McArthur River Expansion, Millennium Project, and chief mine engineer at McArthur River. His work with Cameco Corporation produced the world's top two highest grade, highest producing, and lowest quartile cost uranium assets. Mr. Hatley is a Professional Engineer (P.Eng.), Project Management Professional (PMP), and holds a Master of Business Administration from Athabasca University. He is a board member for the International Minerals Innovation Institute (IMII) and has been a board member of the Saskatchewan Mining Association for three terms and received a Canadian Institute of Mining and Metallurgy Fellowship in 2017 for over 20 years of technical leadership.

Amir Adnani

Chairman

Mr. Adnani has served as the Chairman and a director of the Company since August 23, 2019. Mr. Adnani is a founder and serves as the President, Chief Executive Officer and a director of UEC, a uranium mining and exploration company listed on the NYSE American, since January 2005. Mr. Adnani is also the founder and Co-Chairman of GoldMining Inc., a publicly-listed gold acquisition and development company. Mr. Adnani serves as a Board of Management of World Nuclear Association since April 2025. Mr. Adnani holds a Bachelor of Science degree from the University of British Columbia and was a director of the university's Alumni Association from 2015 to 2021.

Vina Patel

Director Ms. Patel has been a director of the Company since October 23, 2019. Ms. Patel is a capital markets professional with 18 years of experience. Ms. Patel began her capital markets career on the Institutional Equity team at Canaccord Genuity Corp. with a focus on UK and European markets. Ms. Patel successfully setup a new London office for Westwind Partners (now Stifel Financial) and for 5 years subsequent, Ms. Patel was head of London institutional sales at Haywood Securities Inc. Over the course of her career, Ms. Patel has specialised in raising capital from institutional investors for exploration and mining companies including a number of uranium companies. She has established long standing and successful relationships with both mining corporates and the investment community, gaining extensive knowledge and experience of the sector. Ms. Patel graduated with an MBA from Warwick Business School in 1999, where she was also awarded a Women's Scholarship. Prior to this she was a senior school teacher and holds an MA in Education.

Neil Gregson

Director Mr. Gregson has served as a director of the Company since October 13, 2020. Mr. Gregson is a qualified mining engineer with 30 years of experience in the resources sector. From September 2010 to April 2020, Mr. Gregson was a Portfolio Manager at J.P. Morgan Asset Management Global Equities Team based in London where he was responsible for global natural resources mandates. He held prior investment management roles at CQS Asset Management as a Senior Portfolio Manager focused on natural resources and at Credit Suisse Asset Management as Head of Emerging Markets and related sector funds. Mr. Gregson has an Honours Degree in Mining Engineering from Nottingham University and began his career in 1984 with Anglo American in South Africa.

Donna Wichers

Director Ms. Donna Wichers has over 40 years of experience in senior roles with in-situ recovery and conventional uranium mines in the USA, including past positions with mining subsidiaries of Uranium One Americas Inc. (now UEC Wyoming Corp.), Orano SA, Rio Algom, Arizona Public Service and Westinghouse, and has provided annual consulting services to the International Atomic Energy Commission since 2015. Ms. Wichers is a past member of the boards of directors of the National Mining Association, the Wyoming Mining Association and the Uranium Producers of America and is a past Chairman of the Society of Mining Engineers of American Institute of Mining, Metallurgical, and Petroleum Engineers, Incorporated (AIME), Wyoming Mining and Metals Section. Ms. Wichers holds a Master of Science in Water Resources and a Bachelor of Science with Honors in Microbiology, both from the University of Wyoming.

Ken Robertson

Director Mr. Robertson was previously a partner and Global Mining & Metals Group Leader with Ernst & Young LLP ("EY"). During his career at EY in Canada and the United Kingdom, Ken developed extensive experience in initial public offerings, financings, governance and securities regulatory compliance. Mr. Robertson is a certified professional accountant and he currently serves on the boards of Silvercorp Metals Inc. and Gold Royalty Corp. He holds a Bachelor of Commerce degree from McMaster University and the ICD.D designation from the Institute of Corporate Directors.