PR Newswire March 31, 2017
LAKEWOOD, CO, March 31, 2017 /PRNewswire/ – Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), a leading producer of uranium in the United States, is pleased to announce that, effective July 1, 2017, Mr. Mark S. Chalmers will become the President, as well as Chief Operating Officer (“COO”), of Energy Fuels. Mr. Chalmers is currently the Company’s COO, a position he has held since July 1, 2016. Mr. Stephen P. Antony, who is currently the President and Chief Executive Officer (“CEO”) of the Company, will continue in his role as CEO after July 1, 2017. This action is being completed in accordance with the Company’s long-term succession plans.
Stephen P. Antony, Energy Fuels President and CEO stated: “Mark Chalmers has done an exceptional job over the past year as the Company’s Chief Operating Officer, focusing on the optimization of the conventional side of our business. Under his management, the Company has discovered large areas of high-grade uranium and copper mineralization, and completed the production shaft, at the Canyon mine. He has also been the driving force behind several key initiatives at the White Mesa Mill, including the review of existing operating practices, the recovery of uranium from process water pond returns, and seeking new sources of revenue through participation in the clean-up of historic uranium mines in the region. I look forward to continuing to work with Mark in his new role as President.”
About Energy Fuels: Energy Fuels is a leading integrated US-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels holds three of America’s key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch Processing Facility in Wyoming, and the Alta Mesa Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today and has a licensed capacity of over 8 million pounds of U3O8 per year. The Nichols Ranch Processing Facility is an ISR production center with a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is an ISR production center currently on care and maintenance. Energy Fuels also has the largest NI 43-101 compliant uranium resource portfolio in the U.S. among producers, and uranium mining projects located in a number of Western U.S. states, including one producing ISR project, mines on standby, and mineral properties in various stages of permitting and development. The Company also produces vanadium as a co-product of its uranium production from certain of its mines on the Colorado Plateau, as market conditions warrant. The Company’s common shares are listed on the NYSE MKT under the trading symbol “UUUU”, and on the Toronto Stock Exchange under the trading symbol “EFR”.
CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES
This news release contains certain disclosure that has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all reserve and resource estimates included in this news release have been prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) classification system. Canadian standards, including NI 43-101, differ significantly from the requirements of U.S. securities laws, and reserve and resource information contained in this news release may not be comparable to similar information disclosed by companies reporting only under U.S. standards. In particular, the term “resource” does not equate to the term “reserve” under SEC Industry Guide 7. United States investors are cautioned not to assume that all or any of Measured or Indicated Mineral Resources will ever be converted into mineral reserves. Investors are cautioned not to assume that all or any part of an “Inferred Mineral Resource” exists or is economically or legally minable. Energy Fuels does not hold any Reserves as that term is defined by SEC Industry Guide 7. Please refer to the section entitled “Cautionary Note to United States Investors Concerning Disclosure of Mineral Resources” in the Company’s Annual Report on Form 10-K dated March 9, 2017 for further details.
On August 17, 2016 and ending on August 16, 2017, Liviakis Financial Communications, Inc. (“LFC”) was retained by Energy Fuels Inc. (UUUU) in various consulting capacities including strategic management planning, investor relations and other business development responsibilities. In lieu of paid expenses, salaries or commissions, LFC will be compensated in the amount of 413,000 shares of Energy Fuels Inc. restricted under rule 144. Officers and employees of LFC will buy or sell shares in Energy Fuels Inc. prior, during or after this release. LFC advises Energy Fuels Inc. but does not provide investment advice. LFC is not a registered investment advisor or broker-dealer. All material provided regarding including, but not limited to its history, corporate status, and other developments was prepared using information approved and signed off by Energy Fuels Inc. management as approved for public dissemination. Although the information contained herein is believed to be reliable, LFC makes no warranties as to the accuracy of the description of any of the content herein and accepts no liability for how readers may choose to utilize it.
Liviakis Financial Communications, Inc.
Michael Bayes, President