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 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.
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ENERGY FUELS INC. |
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|
|
/S/
David C. Frydenlund |
Date: July 16, 2015 |
David C. Frydenlund |
|
Senior Vice President, General Counsel &
Corporate |
|
Secretary |
-2-
INDEX TO EXHIBITS
-3-
Energy Fuels Receives Mine Permit from State of
Wyoming for its
Sheep Mountain Uranium Project
July 16, 2015
Lakewood, Colorado Energy Fuels Inc. (NYSE
MKT: UUUU, TSX: EFR) (Energy Fuelsor the
Company) is pleased to announce that the State of Wyoming has
granted the Company approval for a major revision to the existing mining permit
for its 100%-owned Sheep Mountain Project, including expansion of surface and
underground mining. This is considered a major milestone in the permitting
process for this facility. The Sheep Mountain Project is a conventional uranium
project located in the Crooks Gap Mining District of central Wyoming, and one of
the largest uranium development projects in the U.S. today. The project was
formerly operated by Western Nuclear from the 1950's to the 1980's, at which
time the mine was shut down due to low uranium prices.
In order to place the Sheep Mountain Project into production,
the Company also requires a final environmental impact statement (EIS) from
the U.S. Bureau of Land Management (BLM) and a facility to process the ore
from this property. In January 2015, the BLM issued a draft EIS, and the Company expects the
BLM to issue a final EIS and approve the Plan of Operations by mid-2016. The
Company is continuing to evaluate processing options for the Sheep Mountain
Project, including the permitting and construction of a new onsite heap leach
facility or the use of an existing third party milling facility in the region.
According to an April 2012 preliminary feasibility study
(PFS), the Sheep Mountain Project contains 30.3 million pounds of uranium
contained in 12.9 million tons of Indicated Mineral Resources with an average
grade of 0.117% eU3O8. In addition, the Sheep Mountain
Project is one of the only uranium projects in the U.S. with reserves. Included
in the Indicated Mineral Resources, the project contains 18.4 million pounds of
uranium contained in 7.5 million tons of Probable Mineral Reserves with an
average grade of 0.123% eU3O8. The PFS also
estimates that the project can produce up to 1.5 million pounds of
U3O8. per year over a 15-year mine life.
Stephen P. Antony, President and CEO of Energy Fuels stated:
With over 30 million pounds of uranium resources, the Sheep Mountain Project is
one of the largest and most important uranium projects in the U.S. Receipt of
the mining permit is a key achievement for Energy Fuels, as we work to ready
this project for mining.
“In 2014, Energy Fuels was the second largest producer of uranium in the U.S. with nearly 1 million pounds of production. Our goal is to become the leading uranium producer in the U.S., which could be achieved through our project pipeline
that we believe is unmatched in the industry today. We recently added existing ISR production to our portfolio, through the acquisition of Uranerz and its Nichols Ranch ISR Mine and Plant in Wyoming. In addition, large-scale conventional uranium
projects, such as our Sheep Mountain, Roca Honda, and Henry Mountains Projects, are critical components of Energy Fuels’ production growth strategy, as we seek to significantly scale-up our production capability to capture expected uranium
market improvements.”
Stephen P. Antony, P.E., President & CEO of 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 the Sheep Mountain Projects’ resources, reserves and economics, expectations regarding the timing and receipt of future government
approvals, the evaluation and availability of processing options, bringing the Sheep Mountain Project back into production, the Sheep Mountain Project being one of the largest and most important uranium projects in the U.S., the Company becoming the leading uranium producer in the U.S., the Company’s project pipeline being unmatched in the industry today, the Company’s ability to increase uranium production in the future,
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: the Sheep Mountain Projects resources, reserves and economics,
expectations regarding the timing and receipt of future government approvals,
the evaluation and availability of processing options, bringing the Sheep
Mountain Project back into production, the Sheep Mountain Project being one of
the largest and most important uranium projects in the U.S., the Company
becoming the leading uranium producer in the U.S., the Companys project
pipeline being unmatched in the industry today, the Companys ability to
increase uranium production in the future; and other risk factors as
described in Energy Fuels most recent annual information form 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 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 Energy Fuels 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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