IAEA International Atomic Energy Agency Sustainable Uranium Resources Development Business Model Canvas for ECUADOR MINISTRY OF ELECTRICITY AND RENEWABLE ENERGY Presented by Marco García

IAEA Infrastructure Key activities Uranium favorability program Regional radiometric prospecting Definition of areas of uranium interest Geological, geochemical and radiometric studies of granites Resource assessment of Uranium Puyango Project (to be implemented) Regulatory issues, including NORM Key resources Human Resources: Ecuadorian geologists, chemists, technitians, support Physical resources: headquarters, technical offices, geochemistry laboratory, mineral extraction laboratory Financial: USD 1 M (4 years – best historical record) Intellectual: internal technical reports, favourability maps, IAEA expert missions reports Key partners Ministry of Electricity and Renewable Energy (MEER); Ministry of Non-Renewable Natural Resources (MRNNR) Undersecretary of Control and Nuclear Applications (SCAN); National Research Institute of Geology, Mining & Metallurgy (INIGEMM); National Mining Company (ENAMI); National Investment Institute (INP); Mining Companies National Polytechnic School (EPN) IAEA; UNDP

IAEA Value Propositions Enlarging the nuclear fuel resource-base with a strategic regional energy security focus and to provide revenue, employment and social benefits to Ecuador Setting up exploration projects in areas with the best uranium potential Developing detail exploration of Puyango project to define uranium identified resources Development and strengthening the Human Resources in the UPC NORM policy

IAEA Customers Customer Segments Exploration: National Research Institute of Geology, Mining & Metallurgy (INIGEMM); Mining Companies Production: National Mining Company (ENAMI); Mining Companies Socio-economic gains Channels One-on-one relationship Uranium production cycle meetings Customer Relationships Public-Private Partnership Joint Ventures

IAEA Finances Cost structure Optimizing exploration cost USD / kg U (Identified Resource) Revenue streams National funding Private investments

IAEA The Uranium Business Model Canvas for ECUADOR Key Partners MEER MRNNR SCAN INIGEMM ENAMI INP Mining Companies EPN IAEA UNDP Key Activities U favorability program Regional radiometric prospecting Definition of areas of uranium interest Resource assessment of U Puyango Project Regulatory issues, NORM Value Propositions Enlarging the nuclear fuel resource-base with a strategic regional energy security focus and to provide revenue, employment and social benefits to Ecuador Customer Relationships Public-Private Partnership Joint Ventures Customer Segments National Research Institute of Geology, Mining & Metallurgy National Mining Company Mining Companies Society Key Resources Ecuadorian geologists, chemists, technitians, support Headquarters, technical offices, geochemistry & mineral extraction laboratory USD 250,000 /year Internal technical reports, favourability maps, IAEA mission reports Channels One-on-one relationship Uranium production cycle meetings Cost Structure Optimizing exploration cost Revenue Streams National funding Private investments