Energy Fuels (NYSE American: UUUU) (TSX: EFR) CEO Mark
Chalmers recently voiced his concerns regarding the United States’ dependence
on uranium imports during a corporate presentation (http://ibn.fm/ByKCn). An article
further discussing the concerns reads, “‘Similarly, we are also dependent on
imports of rare earth elements from China,’ he said, referring to China’s 90% control
of global markets for rare earth elements (http://ibn.fm/Jfjn6). . . . This dilemma has spurred
several initiatives by the Trump administration, including the president
issuing determinations that declare rare earth elements essential to national
security, the U.S. Department of Interior declaring uranium and vanadium
(another metal produced by Energy Fuels) critical to America’s security and
economic prosperity, and the pursuit of $1.5 billion in funds to purchase
uranium directly from domestic producers to create a strategic U.S. uranium
reserve. In addition, the President’s Nuclear Fuel Working Group released its
report on April 23, 2020, which represents the strongest commitment since the
1970s by the U.S. government to support domestic uranium miners.”
To view the full article, visit http://ibn.fm/pMcvs
About Energy Fuels Inc.
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. 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 United States today, has a licensed capacity of over 8 million pounds of
U3O8 per year and has the ability to produce vanadium when market conditions
warrant. The Nichols Ranch ISR project is in operation and has a licensed
capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR project is
currently on standby. In addition to these production facilities, Energy Fuels
also has one of the largest NI 43-101 compliant uranium resource portfolios in
the U.S. along with 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.” For more information,
visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates
relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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