Energy Fuels Spotlighted in The NetworkNewsAudio News Podcast Reviewing U.S. Supply of Uranium, Rare Earth Elements
23 Aprile 2020 - 3:30PM
InvestorWire
Energy Fuels.
Inc. (NYSE: UUUU) (TSX: EFR) announces the
availability of a broadcast titled, “America’s National Security
Blind Spot: Uranium and Rare Earth Element Production.”
To hear the AudioPressRelease from NetworkNewsAudio
please visit: http://nnw.fm/UhK2q or The NetworkNewsAudio
News Podcast.
To read the full editorial version please visit: http://nnw.fm/N14rt
The current global health crisis has revealed our nation’s soft
underbelly of vulnerability to foreign sources of critical
materials. America’s reliance on crucial medicines and supplies
from adversarial nations like China has sounded a clarion call for
U.S. policymakers to think and plan smarter. The current crisis has
also revealed that the U.S. has a dangerous reliance on certain
foreign sources of critical minerals and energy. Most people know
about our extreme reliance on China for rare earth elements (REEs),
which are found in products as varied as cell phones, wind turbines
and military systems that defend America. Not as many people know
that we are now nearly 100%
reliant on imports of uranium for our nuclear power plants. If
nothing changes, over 50% of this uranium may come from state-owned
entities in Russia and China in the coming years.
Few companies have been as proactive or outspoken
about uranium supply chain risks as Energy Fuels
Inc. (NYSE: UUUU) (TSX: EFR). Based in Lakewood,
Colorado, Energy Fuels is the country’s largest producer of uranium
and the leading conventional producer of vanadium, both of which
are designated as critical minerals by the U.S. government. Energy
Fuels’ uranium production portfolio stands apart in the U.S.,
boasting more uranium production facilities, more production
capacity, and more in-ground resources than any other uranium
producer in the United States.
About Energy Fuels Inc.
Energy Fuels is a leading US-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 near Denver,
Colorado, 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 U.S. 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 the above production
facilities, Energy Fuels also has one of the largest NI 43-101
compliant uranium resource portfolios in the U.S., and 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." Energy Fuels' website is www.energyfuels.com.
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Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications:
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New York, New York
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212.418.1217 Office
Editor@NetworkNewsWire.com
Source:
NetworkNewsWire
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
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