LAKEWOOD, CO, Dec. 29, 2015 /PRNewswire/ - Energy Fuels
Inc. (NYSE MKT:UUUU; TSX:EFR) ("Energy Fuels" or the
"Company"), a top producer of uranium in the United States, is pleased to announce that
members of the Company's board of directors ("Board") and
management team have recently acquired additional common shares of
the Company. Mr. Ames Brown, a
director of the Company, has acquired control or direction over an
additional 1,000,000 common shares of the Company at market prices
prevailing at the time of the transactions. As a result of
his purchases, Mr. Brown now beneficially owns or exercises control
or direction over a total of 1,739,520 common shares of Energy
Fuels representing approximately 3.8% of the issued and outstanding
common shares of the Company. Mr. Brown has advised the
Company that he acquired the additional shares for investment
purposes.
In addition, members of Energy Fuels' management team, including
Mr. Stephen P. Antony, President and
CEO; and Mr. Paul Goranson,
Executive Vice President, ISR Operations, recently purchased
additional common shares of the Company. These purchases were
also completed at market prices prevailing at the time of their
respective transactions.
Mr. Stephen P. Antony, President
and CEO of Energy Fuels commented: "The Company appreciates Mr.
Brown's strong vote of confidence in Energy Fuels' uranium
production assets, finances and management. There are a
number of key developments in the uranium sector occurring right
now that provide us with substantial optimism as we head into
2016. China continues its
aggressive investment in nuclear energy. The U.S., which
already consumes more uranium than any other nation, is in the
process of starting its first new nuclear reactor in over 20
years. And, Japan is
continuing to restart its large reactor fleet. While
worldwide uranium demand is growing, the low uranium prices of the
past few years have slowed new investment in exploration and mine
development. We believe these and similar factors are likely
to create substantial future supply constraints resulting in rising
uranium prices. Energy Fuels is continually improving our ISR
and conventional production, development and permitting activities
to take advantage of today's low uranium prices, while we position
the Company for a uranium market recovery."
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 Mr. Brown acquiring common shares of
the Company for investment purposes, optimism for 2016, market
factors in China, the U.S.,
Japan and elsewhere, restricted
investment in exploration and mine development, future supply
constraints and increasing uranium prices, and positioning the
Company for a market recovery, 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 factors relating to: Mr.
Brown acquiring common shares of the Company for investment
purposes, optimism for 2016, market factors in China, the U.S., Japan and elsewhere, restricted investment in
exploration and mine development, future supply constraints and
increasing uranium prices, and positioning the Company for a market
recovery, 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.