LAKEWOOD, CO, Sept. 30, 2015 /CNW/ - Energy Fuels Inc. (NYSE
MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company"), one of
the leading producers of uranium in the United States, is
pleased to announce that the Company has increased the size of its
Board of Directors from eight to nine through the addition of Mr.
Ames Brown to its Board of
Directors. Mr. Brown has been the Chief Investment Officer
("CIO") at Capital Counsel Management LLC since 2014 and previously
worked in financial management with Wells Fargo. As CIO of
Capital Counsel Management, Mr. Brown holds ultimate responsibility
for a large portfolio of global investments in oil, gas, mining,
and financial services. In his role with Wells Fargo, Mr.
Brown managed similarly constituted portfolios of global
investments. Mr. Brown holds a Master of Business
Administration and a Master of Science in Strategic Communications
from Columbia University, a Bachelor of
Arts in History from Yale University,
and completed two years of doctoral studies in financial accounting
at Harvard University and the
Massachusetts Institute of
Technology.
Stephen P. Antony, President and
CEO of Energy Fuels stated: "On behalf of the entire Board
and management team of Energy Fuels, we welcome Mr. Brown to our
Board of Directors. I expect his experience in finance,
natural resources, econometrics, and investment management to add
value as the Company continues to grow during these exciting times
in the uranium industry. Energy Fuels is emerging as a
dominant uranium producer in the U.S., with both conventional and
in situ production. As the U.S. seeks to expand the use of
clean energy, including nuclear power which currently produces
about two-thirds of the emission-free electricity generated in the
U.S., uranium demand is expected to rise. We believe that Mr.
Brown's unique skill-set will help prepare Energy Fuels to
capitalize on these positive long-term market fundamentals, and
that through his funds' significant ownership of Energy Fuels'
common shares, Mr. Brown is well-aligned with other Energy Fuels
shareholders."
About Energy Fuels: Energy Fuels
is a leading integrated US-based uranium mining company, supplying
U3O8 to major nuclear utilities. Energy
Fuels operates two of America's key uranium production centers, the
White Mesa Mill in Utah and the
Nichols Ranch Processing Facility in Wyoming. 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, acquired in the Company's acquisition of
Uranerz Energy Corporation, is an in situ recovery ("ISR")
production center with a licensed capacity of 2 million pounds of
U3O8 per year. 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 two producing mines, 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 STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This news release contains certain "Forward Looking
Information" and "Forward Looking Statements" within the meaning of
applicable Canadian and United
States securities legislation, which may include, but is not
limited to, statements with respect to the future financial or
operating performance of the Company and its projects, including:
Mr. Brown's expected future contributions to the Company, Energy
Fuels' emergence as a dominant uranium producer in the U.S., future
expected demand for uranium, and the positive long-term uranium
market fundamentals. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "expects" "does not expect", "is
expected", "is likely", "budget" "scheduled", "estimates",
"forecasts", "intends", "anticipates", "does not anticipate", or
"believes", or variations of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur", "be achieved" or "have the potential
to". All statements, other than statements of historical
fact, herein are considered to be forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
express or implied by the forward-looking statements. Factors
that could cause actual results to differ materially from those
anticipated in these forward-looking statements include risks
associated with: Mr. Brown's expected future contributions to the
Company, Energy Fuels' emergence as a dominant uranium producer in
the U.S., future expected demand for uranium, and the positive
long-term uranium market fundamentals, and the other factors
described under the caption "Risk Factors" in the Company's Annual
Information Form dated March 18,
2015, which is available for review on SEDAR at
www.sedar.com, in its Form 40-F, which is available for
review on EDGAR at www.sec.gov/edgar.shtml and in its
prospectus supplement dated September 29,
2015 which is available for review on SEDAR and EDGAR.
Forward-looking statements contained herein are made as of the date
of this news release, and the Company disclaims, other than as
required by law, any obligation to update any forward-looking
statements whether as a result of new information, results, future
events, circumstances, or if management's estimates or opinions
should change, or otherwise. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
The Company assumes no obligation to update the information
in this communication, except as otherwise required by
law.
SOURCE Energy Fuels Inc.