LAKEWOOD, CO, May 17, 2017 /CNW/ - Energy Fuels Inc. (NYSE
MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company") announces
the results of the election of directors and other matters at its
annual meeting of shareholders (the "Meeting") held on
May 17, 2017 in Lakewood, Colorado. In addition, the Company
announces the appointment of two additional large shareholders to
its Board of Directors (the "Board"). The Board and
Management now cumulatively own or represent approximately 11.7% of
the issued and outstanding shares of the Company.
Meeting Results
The six nominees proposed by management for election as
directors were elected by a show of hands. Proxies were
received as follows:
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
Stephen P.
Antony
|
11,945,781
|
95.29%
|
590,871
|
4.71%
|
J. Birks
Bovaird
|
11,439,884
|
91.25%
|
1,096,768
|
8.75%
|
Ames Brown
|
11,964,979
|
95.44%
|
571,673
|
4.56%
|
Paul A.
Carroll
|
11,436,273
|
91.22%
|
1,100,379
|
8.78%
|
Bruce D.
Hansen
|
11,442,947
|
91.28%
|
1,093,705
|
8.72%
|
Dennis L.
Higgs
|
12,020,968
|
95.89%
|
515,684
|
4.11%
|
At the Meeting, shareholders also voted to approve the
appointment of KPMG LLP as the auditors of the Company. Details of
each of these matters are set out in the Management Information
Circular of the Company dated March
23, 2017. A report of voting results for each
resolution presented at the Meeting prepared in accordance with
National Instrument 51-102 has been filed under the Company's
profile on SEDAR at www.sedar.com.
Appointment of Two New Directors
Following the annual meeting of shareholders, the Board
appointed Messrs. Benjamin Eshleman
III and Robert W. Kirkwood to
serve as directors pursuant to the Board's power to increase the
size of the Board by up to one-third in number between annual
meetings of shareholders. As previously reported on May 9, 2017, these two individuals bring
successful track-records of achieving financial profitability,
while leading and operating oil, natural gas, and uranium mining
enterprises. The Company believes they will bring new perspectives
and leadership to the Company as we navigate a promising, yet
challenging uranium market.
As a result of the appointment of Messrs. Eshleman and Kirkwood,
the Board and Management of Energy Fuels hold or represent
approximately 11.7% of the issued and outstanding shares of the
Company. The Company believes this figure demonstrates continuing
support of some of the Company's largest shareholders, as well as
the Company's comprehensive focus on, and commitment to, operating
the business for the benefit of the shareholders.
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.; the skills
and experiences Messrs. Eshleman and Kirkwood may bring to the
Board, as well as the benefits expected from adding them to the
Board, including helping to ensure that the interests of the Board
are aligned with the interests of shareholders; 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.; the skills and experiences
Messrs. Eshleman and Kirkwood may bring to the Board, as well as
the benefits expected from adding them to the Board, including
helping to ensure that the interests of the Board are aligned with
the interests of shareholders; 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.