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.