EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") today announced
the execution of a Letter Agreement under which the Company has agreed in
principal to purchase the interests of Aldershot Resources Ltd. in the Sage
Plain Project Area for US$750,000 in cash, forgiven debt, and 3,518,182 shares
of Energy Fuels common stock.


The Company and Aldershot hold a number of properties in the Sage Plain Project
area in a 50/50 joint venture called Colorado Plateau Partners LLC ("CPP").
Through CPP, Energy Fuels and Aldershot hold the Calliham Lease, the Crain
Lease, four Utah State Leases, and 94 unpatented mining claims on BLM land.
After the acquisition, Energy Fuels will own 100% of the Sage Plain Project,
which is located about 15 miles northeast of Monticello, Utah. Permitting on the
Sage Plain Project has been initiated, and the Company anticipates receiving
approvals for the project within the next 12-18 months. As has been previously
reported, the Sage Plain Project as a whole contains 642,971 tons of measured
and indicated resource at grades of 0.22% uranium (eU3O8) and 1.39% vanadium
(V2O5), or 2,833,795 lbs. uranium and 17,829,289 lbs. vanadium.


Energy Fuels will also acquire Aldershot's interest in a number of additional
uranium properties in Arizona which are held by Arizona Strip Partners LLC, a
second joint venture with Aldershot.


Steve Antony, President and CEO stated, "This transaction represents another
step in Energy Fuels' ongoing strategy of value-added consolidation in our core
area of interest, and will potentially provide more feed for our White Mesa
Mill."


Stephen P. Antony, P.E., President & CEO of Energy Fuels, is a Qualified Person
as defined by National Instrument 43-101 and has reviewed and approved the
technical disclosure contained in this document.


About Energy Fuels: Energy Fuels is America's largest conventional uranium and
vanadium producer, supplying nearly a third of the uranium produced in the U.S.
The company operates the White Mesa Mill, which is the only conventional uranium
mill currently operating in the U.S., capable of processing 2,000 tons per day
of uranium ore. Energy Fuels has projects located throughout the Western U.S.,
including producing mines and mineral properties in various stages of permitting
and development.


This news release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended and "Forward Looking Information" within the meaning of applicable
Canadian securities legislation. All statements, other than statements of
historical fact, included herein are forward-looking statements and
forward-looking information that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time-to-time with the British Columbia, Alberta and Ontario
Securities Commissions.

Grafico Azioni Energy Fuels (TSX:EFR)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Energy Fuels (TSX:EFR)
Storico
Da Lug 2023 a Lug 2024