LAKEWOOD, Colo., June 7, 2021 /PRNewswire/ - Energy Fuels
Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the
"Company"), the number one U.S. producer of uranium and an
emerging U.S. producer of rare earth elements, is pleased to
announce that it will be a Hall of Fame Presenter at the upcoming
LD Micro Invitational XI virtual event on Tuesday, June 8 at 11:00
AM ET.
Mark S. Chalmers, President and
CEO of Energy Fuels, will discuss the Company's growing,
monazite-based rare earth element ("REE") business under which
Energy Fuels recently began ramping up U.S. production of an
intermediate REE product, called a mixed REE carbonate, at its
White Mesa Mill in Utah. Upon
successful ramp-up, this will be a product ready for separation
into individual REE oxides. The Company expects to sell this
product to a processing facility owned by Neo Performance Materials
in Europe. At that point, Energy
Fuels and Neo will have integrated a U.S.-Europe rare earth supply chain decoupled from
China. The Company is also
advancing toward building its own REE separation capabilities at
the mill in the coming years, in addition to potentially
metal-making and alloying, thereby fully integrating a U.S.-centric
rare earth supply chain available to supply growing clean energy
markets, including electric vehicles (EVs) and renewable energy
systems.
Chris Lahiji, Founder of LD Micro
stated: "The Hall of Fame not only highlights companies that have
achieved a high rate of return but have also been beneficial to
society. I think the world of Energy Fuels and its management, and
I'm very proud of what they have achieved. We are looking forward
to hosting them at the invitational."
Event: Energy Fuels' Hall of Fame Presentation at
the LD Micro Invitational XI
Date: Tuesday, June 8,
2021
Time: 1:00 pm ET
(11:00 am MT)
Please register to watch the presentation here.
Summary of LD Micro Invitational XI Event
The 2021 LD Micro Invitational will be held on the Sequire
Virtual Events platform on Tuesday, June
8th - Thursday, June 10th, 2021. The festivities
run from 7:00 AM PT - 3:00 PM PT /
10:00 AM ET - 6:00 PM ET each
day.
This three-day, virtual investor conference is expected to
feature around 180 companies, presenting for 25 minutes each, as
well as several influential keynotes. The first day of this
conference will also feature an exceptional one-time event: the LD
Micro Hall of Fame.
About Energy Fuels: Energy Fuels is a leading
U.S.-based uranium mining company, supplying
U3O8 to major nuclear utilities. The
Company also produces vanadium from certain of its projects, as
market conditions warrant, and is in the process of ramping-up to
expected commercial production of REE carbonate in 2021. Its
corporate offices are in Lakewood,
Colorado near Denver, 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, as well as REE
carbonate and uranium from Monazite. The Nichols Ranch ISR Project
is currently on standby and has a licensed capacity of 2 million
pounds of U3O8 per year. The Alta Mesa
ISR Project is also 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.
Cautionary Note Regarding Forward-Looking
Statements: This news release contains
"forward-looking information" within the meaning of applicable
securities laws in the United
States and Canada. Forward-looking information may
relate to future events or future performance of Energy Fuels. All
statements in this release, other than statements of historical
facts, with respect to Energy Fuels' objectives and goals, as well
as statements with respect to its beliefs, plans, objectives,
expectations, anticipations, estimates, and intentions, are
forward-looking information. Specific forward-looking statements in
this discussion include, but are not limited to, the following:
Energy Fuels ability to maintain its current position as the
leading U.S. producer of uranium; the ability of the White Mesa
Mill to produce a mixed REE carbonate to meet commercial
specifications on a commercial scale at acceptable costs; the
ability of Neo to separate REE carbonate to meet commercial
specifications on a commercial scale at acceptable costs; the
ability of the Company to license, permit, and construct the
infrastructure required to produce separated rare earth oxides and
rare earth metals and alloys; and market factors including future
demand and prices for rare earths, and the ability of the company
to supply EV and renewable energy markets. Often, but not always,
forward-looking information can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "continues", "forecasts", "projects", "predicts",
"intends", "anticipates" or "believes", or variations of, or the
negatives of, such words and phrases, or state that certain
actions, events or results "may", "could", "would", "should",
"might" or "will" be taken, occur or be achieved. This information
involves known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking information. Factors that
could cause actual results to differ materially from those
anticipated in these forward-looking statements include risks
associated with: Energy Fuels ability to maintain its current
position as the leading U.S. producer of uranium; the ability of
the White Mesa Mill to produce a mixed REE carbonate to meet
commercial specifications on a commercial scale at acceptable
costs; the ability of Neo to separate REE carbonate to meet
commercial specifications on a commercial scale at acceptable
costs; the ability of the Company to license, permit, and construct
the infrastructure required to produce separated rare earth oxides
and rare earth metals and alloys; and market factors including
future demand and prices for rare earths, and the ability of the
company to supply EV and renewable energy markets. Forward-looking
statements contained herein are made as of the date of this news
release, and Energy Fuels disclaim, 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. Energy Fuels assumes no
obligation to update the information in this communication, except
as otherwise required by law.
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SOURCE Energy Fuels Inc.