LAKEWOOD, Colo., Dec. 31, 2020 /PRNewswire/ - Energy Fuels
Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the
"Company"), a leading producer of uranium in the United States, is pleased to announce
that today the Company has filed a prospectus supplement to its
effective U.S. registration statement on Form S-3 in order to renew
its 'at-the-market' ("ATM") program. Under the renewed ATM program
the Company may, at its discretion from time to time, sell up to an
additional US$35.0 million of common
shares, with sales only being made on the NYSE American at
then-prevailing market prices, or any other existing trading market
of the common shares in the United
States. The prospectus supplement and the accompanying base
shelf prospectus relating to this offering have been filed with the
U.S. Securities and Exchange Commission ("SEC") and are available
on the SEC's website at www.sec.gov. Copies of the prospectus
supplement and the accompanying base shelf prospectus relating to
this offering, when available, may be obtained from Cantor
Fitzgerald & Co., Attention, Equity Capital Markets, 499 Park
Avenue, New York, New York, 10022,
email: prospectus@cantor.com.
About Energy Fuels: Energy Fuels is a leading
U.S.-based uranium mining company, supplying
U3O8 to major nuclear utilities. The Company
also produces vanadium from certain of its projects, as market
conditions warrant, and anticipates commencing commercial
production of rare earth element ("REE") carbonate in 2021. Its
corporate offices are in Lakewood,
Colorado, near Denver, and
all of its assets and employees are in the United States. Energy Fuels holds three of
America's key uranium production centers: the White Mesa Mill in
Utah, the Nichols Ranch in-situ
recovery ("ISR") Project in Wyoming, and the Alta Mesa ISR Project in
Texas. The White Mesa Mill is the
only conventional uranium mill operating in the U.S. today, has a
licensed capacity of over 8 million pounds of
U3O8 per year, has the ability to produce
vanadium when market conditions warrant, and is completing final
test-work for the production of REE carbonate from various
uranium-bearing ores. The Nichols Ranch ISR Project is on standby
and has a licensed capacity of 2 million pounds of
U3O8 per year. The Alta Mesa ISR Project is
also on standby and has a licensed capacity of 1.5 million pounds
of U3O8 per year. In addition to the above
production facilities, Energy Fuels also has one of the largest NI
43-101 compliant uranium resource portfolios in the U.S. and
several uranium and uranium/vanadium mining projects on standby and
in various stages of permitting and development. The primary
trading market for Energy Fuels' common shares is the NYSE American
under the trading symbol "UUUU," and the Company's common shares
are also listed on the Toronto Stock Exchange under the trading
symbol "EFR."
Cautionary Note Regarding Forward-Looking
Statements:
This news release contains certain "Forward Looking
Information" and "Forward Looking Statements" within the
meaning of applicable securities legislation, which may include,
but is not limited to, statements with respect to: the
Company being a leading producer of uranium in the U.S.; any
expectation that the Company is able to produce REE carbonate from
uranium-bearing ores or that the Company will commence commercial
production of REE carbonate in 2021 or at all; any expectation that
the Company will successfully utilize the ATM;
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.; any expectation
that the Company is able to produce REE carbonate from
uranium-bearing ores or that the Company will commence commercial
production of REE carbonate in 2021 or at all; any expectation that
the Company will successfully utilize the ATM;
and the 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.
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SOURCE Energy Fuels Inc.