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 July, 2015.
Commission File Number 001-36204
ENERGY FUELS INC.
(Translation of
registrant’s 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 registrant’s “home country”), or under the
rules of the home country exchange on which the registrant’s 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 registrant’s 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 |
| Date: July 13, 2015 |
David C. Frydenlund |
| |
Senior Vice President, General Counsel &
Corporate |
| |
Secretary |
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INDEX TO EXHIBITS
-3-
Energy Fuels Provides Production and Development Update on
Newly
Acquired Nichols Ranch ISR Uranium Project
July 13, 2015
Lakewood, Colorado – Energy Fuels Inc. (NYSE MKT: UUUU TSX:
EFR) (“Energy Fuels” or the “Company”) is pleased to provide the following
report on continuing well-field expansion activities at the Company’s
wholly-owned Nichols Ranch ISR Uranium Project ("Nichols Ranch"), the newest
uranium production facility in the United States. The Nichols Ranch facility,
which was acquired by the Company through the June 18, 2015 acquisition of
Uranerz Energy Corporation (“Uranerz”), is located in Wyoming’s prolific Powder
River Basin, where over half of all U.S.-origin uranium was produced in 2014.
Since Energy Fuels’ acquisition of Uranerz, uranium production
at a fifth header house has commenced at Nichols Ranch, and the Company is
observing positive results. Production flow rates at Nichols Ranch have
increased by 33% and total uranium production has increased by 25%, compared to
levels seen prior to bringing this new header house online. In addition, since
this new header house is currently in the early stages of production, the
Company expects to observe higher rates of production in the future as flow
rates and head-grade continue to increase.
The Company also expects to commence construction on a sixth
header house at Nichols Ranch in August 2015, along with approximately 60
associated production and injection wells. Production from this next header
house is expected to begin in Q4-2015. Wellfield delineation drilling on the
resources expected to be produced by this header house was completed earlier
this year.
Nichols Ranch commenced ISR mining operations in April 2014 and
finished FY-2014 with four header houses in operation, along with the associated
injection and recovery wells. Production at these facilities totaled
approximately 200,000 pounds of U3O8 for April to December 2014, and 55,000
pounds of U3O8 during Q1-2015. While production at these four header houses has
peaked and is now in decline, production at the new header house is expected to
continue to ramp-up during 2015.
Stephen P. Antony, President and CEO of Energy Fuels stated,
"We are very pleased with the operational results currently being observed at
the Nichols Ranch Project. At this time, our fifth header house and the
associated wellfield, is on-budget, on-schedule, and well on its way to becoming
a successful uranium producer for Energy Fuels. We are
similarly optimistic about the future performance of the sixth header house we have planned for later this year.
“Through our recent acquisition of Uranerz, we believe we have enhanced the near-term uranium production potential and future scalability of Energy Fuels. We continue to see longer-term fundamental supply-demand imbalances in uranium markets
and expect higher uranium prices ahead. Even now, uranium consumption exceeds primary mine supply, with the difference being covered through inventories – which are finite. As we continue to ramp-up production at Nichols Ranch, we believe
Energy Fuels will be well-positioned to capture expected uranium price increases."
Bruce Larson, PG, CPG, Director, Exploration and Geology at Energy Fuels is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this news release
About Energy Fuels
Energy Fuels is a leading integrated US-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels operates two of America’s key uranium production centers, the White Mesa Mill in Utah and the Nichols Ranch
Processing Facility in Wyoming. 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, acquired in the
Company’s acquisition of Uranerz Energy Corporation, is an in situ recovery (“ISR”) production center with a licensed capacity of 2 million pounds of U3O8 per year. 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 two producing mines, mines on standby, and mineral properties in various stages of permitting and development. 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 REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this news release, including any information relating to production and wellfield and header house development at Nichols Ranch; future production potential and scalability; positioning in nuclear markets; and any
other statements regarding Energy Fuels’ future expectations, beliefs, goals or prospects constitute forward-looking information within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All
statements in this news release that are not statements of historical fact (including statements containing the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects",
"potential", "scheduled", "forecast", "budget" and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond Energy
Fuels’ ability to control or predict. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation: relating to
production and wellfield and header house development at Nichols Ranch; future production potential and scalability; positioning in nuclear markets; and other risk factors as described in Energy Fuels’ and Uranerz’ most recent annual information forms and annual and quarterly financial reports.
Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law. Additional information identifying risks and uncertainties is contained in Energy Fuels’ and Uranerz’ respective
filings with the various securities commissions which are available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current
expectations, beliefs and plans of the management of each of Energy Fuels and Uranerz relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date hereof.
Investor Inquiries:
Energy Fuels Inc.
Curtis Moore
VP – Marketing and Corporate Development
(303) 974-2140 or Toll free: (888) 864-2125
investorinfo@energyfuels.com
www.energyfuels.com
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