UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 or 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of August 2014
Commission File Number 001-36204
ENERGY FUELS INC.
(Translation of
registrants name into English)
225 Union Blvd.
Suite 600
Lakewood, CO 80228
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F
Form 20-F [
]
Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an attached
annual report to security holders.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report or other
document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrants home country), or under the
rules of the home country exchange on which the registrants securities are
traded, as long as the report or other document is not a press release, is not
required to be and has not been distributed to the registrants security
holders, and, if discussing a material event, has already been the subject of a
Form 6-K submission or other Commission filing on EDGAR.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
ENERGY FUELS INC.
|
/S/ David C.
Frydenlund
|
|
David C. Frydenlund |
Date: August 20, 2014 |
Senior Vice President, General Counsel &
Corporate Secretary |
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INDEX TO EXHIBITS
-3-
Exhibit 99.1
Energy Fuels Announces Closing of Sale of
Non-Core Mining Assets
Toronto, Ontario and Lakewood, Colorado August 20, 2014
Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) (Energy Fuels
or the Company) is pleased to announce that it has completed the
previously announced sale of certain non-core uranium assets to a private
investor group led by Baobab Asset Management LLC and George Glasier. As
previously reported, the transaction involved certain mining assets located
along the Colorado-Utah border, including the Sunday Mine Complex, the Willhunt
project, the San Rafael project, the Sage mine, the Van 4 mine, the Farmer Girl
project, the Dunn project and the Yellow Cat project. As a result of the closing
of this transaction, the Company has received cash and other consideration
totaling US$1,500,000, plus another US$151,000 of cash to reimburse the Company
for certain pre-closing expenses. In addition, the Company retained a 1%
production royalty on all of the properties and expects to receive an additional
US$230,000 of cash from the return of collateral from the bonds on the sold
properties. The Piñon Ridge Mill license and related property, included in the
previously announced transaction, are expected to close within two months,
subject to regulatory approval.
Stephen P. Antony, President and CEO of Energy Fuels, stated:
We are pleased to close this transaction as part of our continued asset
rationalization and cost reduction efforts. By monetizing these non-core uranium
mining assets, Energy Fuels is able to improve our balance sheet and realize
reductions in holding, permitting and compliance costs. Even though Energy Fuels
no longer owns these properties, they still have the potential to provide future
benefits to our White Mesa Mill through toll milling and similar arrangements,
along with the associated production royalties. The White Mesa Mill remains the
only operational uranium production facility in the region.
About Energy Fuels: Energy Fuels is currently
Americas largest conventional uranium producer, supplying approximately 25% of
the uranium produced in the U.S. in 2013. Energy Fuels operates the White Mesa
Mill, which is the only conventional uranium mill currently operating in the
U.S. The mill is capable of processing 2,000 tons per day of uranium ore and
has a licensed capacity of over 8 million lbs. of
U3O8. Energy Fuels has projects located in a number
of Western U.S. states, including a producing mine, mines on standby, and
mineral properties in various stages of permitting and development. The
Companys common shares are listed on the Toronto Stock Exchange under the
trading symbol EFR, and on the NYSE MKT under the trading symbol UUUU.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain Forward Looking Information and
Forward Looking Statements within the meaning of applicable Canadian and
United States securities legislation, which may include, but is not limited to, statements with respect to the ability to
realize reductions in holding, permitting and compliance costs and the potential
of the properties to provide future benefits to the White Mesa Mill through toll
milling and similar arrangements, as well as the expected closing of the sale of
the Piñon Ridge Mill License and related property and the timing thereof.
Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as plans, expects does not expect, is
expected, is likely, budget scheduled, estimates, forecasts,
intends, anticipates, does not anticipate, or believes, or variations of
such words and phrases, or state that certain actions, events or results may,
could, would, might or will be taken, occur, be achieved or have
the potential to. All statements, other than statements of historical fact,
herein are considered to be forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
express or implied by the forward-looking statements. Factors that could cause
actual results to differ materially from those anticipated in these
forward-looking statements include: the expected cost savings from the sale, the
potential for toll milling and similar arrangements, the viability of the White
Mesa Mill, the return of collateral, the anticipated closing on the Piñon Ridge
assets, and the other factors described under the caption Risk Factors in the
Companys Annual Information Form dated March 26, 2014, which is available for
review on SEDAR at www.sedar.com, and in its Form 40-F, which is
available for review on EDGAR at www.sec.gov/edgar.shtml. Forward-looking
statements contained herein are made as of the date of this news release, and
the Company disclaims, other than as required by law, any obligation to update
any forward-looking statements whether as a result of new information, results,
future events, circumstances, or if managements estimates or opinions should
change, or otherwise. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Energy Fuels Inc.
Curtis H. Moore
Investor Relations
(303) 974-2140 or Toll free: 1-888-864-2125
investorinfo@energyfuels.com
www.energyfuels.com
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