DENVER, June 25, 2018 /CNW/ - Energy Fuels Inc. (NYSE
American: UUUU; TSX: EFR) ("Energy Fuels" or the "Company"), a
leading producer of uranium and vanadium in the United States, is pleased to announce that
effective today, the Company has been added as a member of the
broad-market Russell 3000® Index, as part of the 2018
Russell indexes reconstitution.
Annual reconstitution of the Russell indexes captures the 4,000
largest U.S. stocks as of May 11, ranking them by total market
capitalization. Membership in the Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell
2000® Index, as well as the appropriate growth and value
style indexes. FTSE Russell determines membership for its Russell
indexes primarily by objective, market-capitalization rankings and
style attributes.
Mark S. Chalmers, President and
CEO of Energy Fuels stated: "Energy Fuels is pleased to join
the broad-market Russell 3000 Index®, which we believe
will further increase the Company's visibility and exposure to key
institutional investors. As a leading U.S. producer of
uranium and vanadium, we have a number of significant, identifiable
catalysts that have the potential to fuel further growth for the
Company, including our pending 232 petition on uranium, new sources
of alternate feed materials, resuming vanadium production, and
securing contracts for land cleanup work."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets are benchmarked against
Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 3000® Index and
the Russell U.S. Indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
About Energy Fuels: Energy Fuels is a leading
integrated US-based uranium mining company, supplying
U3O8 to major nuclear utilities. Its
corporate offices are in Denver,
Colorado, and all of its assets and employees are in the
western United States. 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 by-product of
its uranium production from certain of its mines on the Colorado
Plateau, as market conditions warrant. 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". Energy Fuels' website is
www.energyfuels.com.
About FTSE Russell: FTSE
Russell is a leading global index provider creating and managing a
wide range of indexes, data and analytic solutions to meet client
needs across asset classes, style and strategies. Covering 98% of
the investable market, FTSE Russell indexes offer a true picture of
global markets, combined with the specialist knowledge gained from
developing local benchmarks around the world. FTSE Russell index
expertise and products are used extensively by institutional and
retail investors globally. Approximately $16.2 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create investment funds, ETFs, structured products and index-based
derivatives. FTSE Russell indexes also provide clients with tools
for asset allocation, investment strategy analysis and risk
management. A core set of universal principles guides FTSE Russell
index design and management: a transparent rules-based methodology
is informed by independent committees of leading market
participants. FTSE Russell is focused on index innovation and
customer partnership applying the highest industry standards and
embracing the IOSCO Principles. FTSE Russell is wholly owned by
London Stock Exchange Group. For more information, visit
www.ftserussell.com
Cautionary Statement 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 and vanadium in the U.S., the
use of the Russell Indices by investment managers and institutional
investors, and the potential for significant, identifiable
catalysts to fuel future growth for the Company. 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: the
Company being a leading producer of uranium and vanadium in the
U.S., the use of the Russell Indices by investment managers and
institutional investors, and the potential for significant,
identifiable catalysts to fuel future growth for the
Company; and the other factors described under the caption
"Risk Factors" in the Company's Annual Report on Form 10-K dated
March 9, 2018, which is available for
review on EDGAR at www.sec.gov/edgar.shtml, on SEDAR at
www.sedar.com, and on the Company's website at
www.energyfuels.com. 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.
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SOURCE Energy Fuels Inc.