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 November, 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
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): o
|
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): o
|
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.
|
/s/ David C. Frydenlund |
Date: November 4,
2015 |
David C. Frydenlund
Senior Vice President, General Counsel & Corporate Secretary |
INDEX TO EXHIBITS
99.1 |
News release dated November 4,
2015 - Energy Fuels Acquires Remaining 50% Interest in the High-Grade Wate Uranium Project in Arizona |
Exhibit 99.1
Energy Fuels Acquires Remaining 50% Interest
in the High-Grade Wate Uranium Project in Arizona
LAKEWOOD, CO, Nov. 4, 2015 /CNW/ - Energy
Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company") is pleased to announce that it has
acquired the remaining 50% interest in the high-grade Wate uranium deposit (the "Wate Project") from Anfield Resources
Holding Corp. ("Anfield"). The Company previously acquired a 50% interest in Wate from VANE Minerals. As
a result of the current acquisition from Anfield, Energy Fuels now owns and controls a 100% interest in the Wate Project.
According to a March 10, 2015 technical report,
prepared in accordance with National Instrument 43-101 ("NI 43-101"), the Wate Project holds approximately 1.12 million
pounds of U3O8 contained in approximately 71,000 tons of Inferred Mineral Resources with an average grade
of 0.79% eU3O8.
Northern Arizona, where the Wate Project is
located, contains the highest-grade uranium deposits in the United States, and some of the highest-grade uranium deposits in the
World. The Wate Project is a "breccia pipe" deposit, similar to the Company's Arizona 1, Pinenut, and Canyon mines.
The Company recently restarted shaft sinking operations at the Canyon mine, which according to a June 27, 2012 technical report,
prepared in accordance with NI 43-101, holds approximately 1.6 million pounds of U3O8 contained in approximately
83,000 tons of Inferred Mineral Resources with an average grade of 0.98% eU3O8. It is anticipated that
future production from both the Canyon mine and the Wate Project would be processed at Energy Fuels' White Mesa uranium mill in
Utah, which is currently the only operating uranium mill in the U.S.
As consideration for the transaction, Energy
Fuels paid $275,000 cash and issued 92,906 common shares to Anfield at closing. In addition, upon the Company's completion
of future permitting milestones and other conditions, the Company will make an additional cash payment of $275,000 to Anfield and
will issue to Anfield additional Energy Fuels common shares having a value of $275,000.
The Wate Project is located on land owned by
the State of Arizona and is at an advanced stage of permitting. The main permit to be issued is a mineral lease from the
State of Arizona, which holds primary permitting authority. Mineral leases in Arizona are similar to mining permits in other
jurisdictions, granting the holder the right to mine, ship ores, and conduct all support operations. The Company expects
to receive the mineral lease on the project in twelve to eighteen months, subject to the satisfaction of certain additional requirements.
Once the mineral lease is granted, the Company expects to move forward to acquire the additional State aquifer protection and air
quality permits and other approvals required to commence development and mining.
Stephen P. Antony, President and CEO of Energy
Fuels commented: "We are extremely pleased to acquire Anfield's interest in the nearly-permitted Wate Project. The
Wate Project is a well-known, high-grade breccia pipe deposit that fits nicely into our existing uranium portfolio. Due to their
high-grades, these deposits generally represent the lowest-cost sources of uranium production in our portfolio. We have a
wealth of experience mining similar deposits in Arizona, and I am proud of our Company's commitment to the safety of our workers,
the community, and the environment, as we bring uranium to the marketplace for the production of emission-free, carbon-free electricity."
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 resources in the Wate project, the issuance of the state mineral lease, the
ability to mine the resources, costs of mining, future permitting, 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", "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 resources in the Wate project; the issuance of the state mineral lease; the ability to mine the resources; costs of mining;
future permitting; uranium markets; the volatility of the international marketplace; future uranium prices; the ability to raise
capital to fund project development; and other risk factors as described in Energy Fuels' 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' 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,
that speak only as of the date hereof.
SOURCE Energy Fuels Inc.
Image with caption: "Northern Arizona
boasts the richest uranium deposits in the U.S., including the Wate, Canyon, Pinenut, Arizona 1 and EZ projects owned by Energy
Fuels. These low-impact mines are typically less than 20-acres in size, but can produce considerable quantities of uranium which
is used as the fuel for emission-free, carbon-free nuclear energy. Nuclear technology currently accounts for 19% of all the electricity
- and 63% of the carbon-free electricity - generated in the U.S. today. (CNW Group/Energy Fuels Inc.)". Image available at:
http://photos.newswire.ca/images/download/20151104_C8695_PHOTO_EN_536283.jpg
%CIK: 0001385849
For further information: Energy Fuels Inc., Curtis Moore,
Investor Relations, (303) 974-2140 or Toll free: 1-888-864-2125, investorinfo@energyfuels.com, www.energyfuels.com
CO: Energy Fuels Inc.
CNW 08:00e 04-NOV-15
This regulatory filing also includes additional resources:
ex991.pdf
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