LAKEWOOD, CO, May 18, 2016 /CNW/ - Energy Fuels Inc.
(NYSE MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company")
announces the results of the election of directors and other
matters at its annual meeting of shareholders (the
"Meeting") held on May 18,
2016 in Toronto, Ontario as
well as the filing of a renewal of the Company's preliminary short
form base shelf prospectus in Canada.
Meeting Results
The nine nominees proposed by management for election as
directors were elected by a show of hands. Proxies were
received as follows:
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
Stephen P.
Antony
|
9,710,340
|
86.88
|
1,466,669
|
13.12
|
Hyung Mun
Bae
|
9,710,715
|
86.88
|
1,466,294
|
13.12
|
J. Birks
Bovaird
|
9,689,697
|
86.69
|
1,487,312
|
13.31
|
Ames Brown
|
9,746,484
|
87.20
|
1,430,525
|
12.80
|
Paul A.
Carroll
|
9,632,814
|
86.18
|
1,544,195
|
13.82
|
Glenn J.
Catchpole
|
9,717,483
|
86.94
|
1,459,526
|
13.06
|
Bruce D.
Hansen
|
9,693,635
|
86.73
|
1,483,374
|
13.27
|
Dennis L.
Higgs
|
9,744,443
|
87.18
|
1,432,566
|
12.82
|
Ron F.
Hochstein
|
7,322,426
|
65.51
|
3,854,583
|
34.49
|
At the Meeting, shareholders also voted to approve the
appointment of KPMG LLP as the auditors of the Company.
Details of each of these matters are set out in the Management
Information Circular of the Company dated March 24, 2016. A report of voting results
for each resolution presented at the Meeting prepared in accordance
with National Instrument 51-102 will be filed under the Company's
profile on SEDAR at www.sedar.com.
Renewal of Preliminary Base Shelf Prospectus
The Company today also filed for a renewal of the preliminary
short form base shelf prospectus with the securities regulatory
authorities in each of the provinces of Canada other than Quebec. This filing, when made final, will
replace the Company's base shelf prospectus that expired earlier in
May 2016 and will continue to enable
the Company to offer in Canada an
aggregate of up to US$100 million of
common shares, preferred shares, warrants, subscription receipts,
debt securities or units, over a 25-month period.
The Company has no immediate intent to issue securities as a
result of this renewal filing. This renewal filing of the
Company's existing short form base shelf prospectus maintains the
Company's financial flexibility and provides efficient access to
the Canadian capital markets when capital is required.
This news release does not constitute an offer to sell
securities, nor is it a solicitation of an offer to buy securities,
in any jurisdiction. All sales will be made through
registered securities dealers in jurisdictions where an offering
has been qualified for distribution.
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 one producing ISR project,
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 approval
and filing of a final short form base shelf prospectus, the
Company's future intentions regarding the issuance of securities,
future financing needs, and any other statements regarding Energy
Fuels' management, 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 the approval and filing of a final
short form base shelf prospectus, the Company's future intentions
regarding the issuance of securities, future financing needs, and
other risk factors as described in Energy Fuels' most recent annual
report on Form 10-K 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.