LAKEWOOD, CO, March 31, 2017 /PRNewswire/ - 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, effective July 1, 2017, Mr.
Mark S. Chalmers will become the
President, as well as Chief Operating Officer ("COO"), of Energy
Fuels. Mr. Chalmers is currently the Company's COO, a
position he has held since July 1,
2016. Mr. Stephen P. Antony,
who is currently the President and Chief Executive Officer ("CEO")
of the Company, will continue in his role as CEO after July 1, 2017. This action is being completed
in accordance with the Company's long-term succession plans.
Stephen P. Antony, Energy Fuels
President and CEO stated: "Mark
Chalmers has done an exceptional job over the past year as
the Company's Chief Operating Officer, focusing on the optimization
of the conventional side of our business. Under his
management, the Company has discovered large areas of high-grade
uranium and copper mineralization, and completed the production
shaft, at the Canyon mine. He has also been the driving force
behind several key initiatives at the White Mesa Mill, including
the review of existing operating practices, the recovery of uranium
from process water pond returns, and seeking new sources of revenue
through participation in the clean-up of historic uranium mines in
the region. I look forward to continuing to work with Mark in
his new role as President."
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 ISR
production center with a licensed capacity of 2 million pounds of
U3O8 per year. Alta Mesa is an ISR
production center currently on care and maintenance. 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 also
produces vanadium as a co-product of its uranium production from
certain of its mines on the Colorado Plateau, as market conditions
warrant. 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 a leading producer of uranium in the U.S.;
Mark Chalmers assuming the role as
President effective July 1, 2017; the
Company's expectations with regard to mineralization and
development at the Canyon Mine; the Company's expectations with
regard to its review of existing operating practices, recoveries
from pond returns and new sources of revenue at the White Mesa
Mill; 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
a leading producer of uranium in the U.S.; Mark Chalmers assuming the role as President
effective July 1, 2017; the Company's
expectations with regard to mineralization and development at the
Canyon Mine; the Company's expectations with regard to its review
of existing operating practices, recoveries from pond returns and
new sources of revenue at the White Mesa Mill; 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.