UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 17, 2016
ENERGY
FUELS INC.
(Exact name of registrant as specified in its charter)
Ontario |
001-36204 |
98-1067994 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer
Identification No.) |
225 Union Blvd., Suite 600
Lakewood, Colorado |
80228 |
(Address of principal executive offices) |
(Zip Code) |
(303) 974-2140 |
(Registrant’s telephone number, including area code) |
N/A |
(Former name or former address, if changed since last report) |
Check the appropriate
box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 8.01 Other Events.
On June 17, 2016, Energy Fuels Inc. issued
a press release attached hereto as Exhibit 99.1
The information furnished pursuant to this
Item 8.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise
subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing under the
Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated June 17, 2016
SIGNATURES
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
hereunto duly authorized.
|
ENERGY FUELS INC.
(Registrant) |
Dated: June 17, 2016 |
By: /s/ David C. Frydenlund
David C. Frydenlund
Senior Vice President, General Counsel and Corporate Secretary |
|
|
Exhibit 99.1
Energy Fuels Completes Acquisition of Mesteña Uranium,
Adding Third U.S. Production Center to Portfolio
LAKEWOOD, CO, June 17, 2016 /CNW/ - Energy Fuels Inc. (NYSE
MKT: UUUU; TSX: EFR) ("Energy Fuels" or the "Company"), a leading producer of uranium in the United States,
is pleased to announce that it has completed its previously announced acquisition of Mesteña Uranium, LLC ("Mesteña").
Mesteña's primary asset is the
Alta Mesa Project ("Alta Mesa"), a fully-licensed in situ recovery ("ISR") uranium production facility
located in South Texas. Alta Mesa is currently on standby, but is capable of ramping-up to commercial production levels within
approximately six months of a positive production decision by Energy Fuels, with only minimal capital requirements. At full
capacity, Alta Mesa is capable of producing 1.5 million pounds of uranium per year. The Company expects to file a technical
report outlining a maiden resource estimate at Alta Mesa within the next month. The technical report will be published in accordance
with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Stephen P. Antony, President and CEO
of Energy Fuels stated: "With the completion of our acquisition of Mesteña, we believe that Energy Fuels is now
the premier uranium producer in the U.S. Energy Fuels now has three uranium production facilities located in the U.S. and
more licensed and operational processing capacity (11.5 million pounds of uranium per annum) than any other uranium producer in
the U.S. It is important to note that the U.S. remains the largest consumer of uranium in the World today. Additionally,
our acquisition of Mesteña is of particular importance in today's current uranium price environment, as we believe our 'all-in'
costs of production at Alta Mesa will become one of the lowest in our current portfolio, along with our alternate feed material
business and our Canyon mine. As uranium markets improve, Alta Mesa offers Energy Fuels production scalability that we can
bring online sooner and at lower uranium prices. I offer my sincere gratitude to the former owners of Mesteña in helping
us achieve this outcome, and welcome them as shareholders of Energy Fuels."
Stephen P. Antony, P.E., President
& CEO of Energy Fuels, is a Qualified Person as defined by Canadian 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 holds three of America's key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch Processing
Facility in Wyoming, and the Alta Mesa Project in Texas. 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 is an in situ recovery ("ISR") production center with a licensed capacity of 2 million pounds
of U3O8 per year. Alta Mesa is an ISR production center currently on standby. 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 Company
being the premier producer of uranium in the U.S.; the Company's expectations regarding the Alta Mesa Project's low 'all-in' costs,
capital requirements, economics, and timing for restarting production; the Company's expectations regarding the filing of a maiden
resource estimate for Alta Mesa; the Company's licensed production capacity; the Company's ability to begin production at Alta
Mesa sooner and at lower uranium prices; 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: the Company being the
premier producer of uranium in the U.S.; the Company's expectations regarding the Alta Mesa Project's low 'all-in' costs, capital
requirements, economics, and timing for restarting production; the Company's expectations regarding the filing of a maiden resource
estimate for Alta Mesa; the Company's licensed production capacity; the Company's ability to begin production at Alta Mesa sooner
and at lower uranium prices; 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.
%CIK: 0001385849
For further information: Investor Relations Inquiries: Energy
Fuels Inc., Curtis Moore - VP - Marketing & Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com,
www.energyfuels.com
CO: Energy Fuels Inc.
CNW 08:09e 17-JUN-16
This regulatory filing also includes additional resources:
ex991.pdf
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