Latest News
Toronto, Ontario – January 19, 2012
Energy Fuels Reports On Sage Plain Project Exploration and Development Activities
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company") today provided an update on recent drilling, technical reports, and development activities at the Company’s new Sage Plain Project (“Project”) located in San Juan County, Utah and San Miguel County, Colorado, about 20 miles northeast of Monticello, Utah. As has been previously reported in several press releases over the last year, Energy Fuels has been assembling a significant land package, largely contiguous, in the Project area. The Project will be the 3rd and 4th uranium and vanadium mines owned or controlled by Energy Fuels. The Project is being developed by Colorado Plateau Partners LLC (“CPP”), a 50:50 joint venture between subsidiaries of Energy Fuels and Aldershot Resources Ltd. of Vancouver, B.C.
Toronto, Ontario – December 8, 2011
Colorado Court of Appeals Upholds Montrose County Special Use Permit for Energy Fuels’ Piñon Ridge Mill
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or
the "Company") announced today that the Colorado Court of Appeals upheld the
Montrose County Special Use Permit for
the Piñon Ridge Uranium and Vanadium Mill. On March 3, 2011, the State of Colorado
District Court in Montrose County denied a legal challenge by Sheep Mountain Alliance
(“SMA”) seeking to overturn the Montrose County Board of County Commissioners’
decision to issue a Special Use Permit for the Piñon Ridge Mill. Today’s decision affirms
the District Court’s decision to deny that legal challenge by SMA.
Toronto, Ontario – December 6, 2011
Energy Fuels Inc. and Titan Uranium Inc. Finalize Business Combination Agreement
Energy Fuels Inc. (EFR:TSX) (“Energy Fuels”) and Titan Uranium Inc. (TUE:TSX-V) (“Titan”) are pleased to announce that the companies have entered into a definitive business combination agreement to implement the acquisition of Titan by Energy Fuels as originally announced on October 25, 2011. Pursuant to the agreement, the parties will complete a plan of arrangement whereby Energy Fuels will acquire all of the outstanding shares of Titan on the basis of 0.68 of an Energy Fuels share for each Titan share. Based on the currently outstanding shares of Titan, Energy Fuels would issue approximately 88.26 million shares to acquire all of the currently outstanding Titan shares. It is anticipated that the transaction will close during February, 2012.
Toronto, Ontario – October 27, 2011
EPA Approves Construction of Energy Fuels’ Piñon Ridge Mill
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company") announced today that the United States Environmental Protection Agency (“EPA”) approved construction of the tailings impoundment and evaporation pond facilities for the Piñon Ridge Uranium and Vanadium Mill (“Mill”). These facilities will manage the tailings and wastewater produced by the Mill. Radon emissions from uranium tailings and wastewater are regulated by the EPA under the National Emissions Standards for Hazardous Air Pollutants (or “NESHAPs”).
Toronto, Ontario – October 25, 2011
Energy Fuels Inc. and Titan Uranium Inc. Sign Letter of Intent to Merge
Toronto, Ontario and Vancouver, British Columbia – Energy Fuels Inc. (“Energy Fuels” or “EFR”) (EFR:TSX) and Titan Uranium Inc. ("Titan") (TUE:TSX-V) today announced they have entered into a Letter of Intent (the "LOI") to pursue a transaction whereby EFR will acquire by way of a plan of arrangement all of the outstanding common shares of Titan (the "Transaction"). Upon completion of the Transaction, existing Titan shareholders will own approximately 42% of the issued and outstanding common shares of EFR, which will then own 100% of Titan.
Toronto, Ontario – October 17, 2011
Energy Fuels Announces Acquisition of Key Uranium and Vanadium Property in Utah’s Sage Plain District
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company") announced today that the Company purchased a 20-year mining lease (the “Skidmore Lease”) in southeast Utah’s Sage Plain District from privately held Nuclear Energy Corporation for US$1,500,702. With this acquisition, Energy Fuels has assembled sufficient contiguous historical resource acreage to begin permitting a uranium/vanadium mine in the Uravan Mineral Belt with Utah’s Department of Oil, Gas, and Minerals. This has the potential to be the third mine permitted to feed Energy Fuels’ proposed Piñon Ridge Uranium and Vanadium Mill near Naturita, Colorado, supplementing future production from the already permitted Whirlwind Mine near Gateway, Colorado, and the Energy Queen Mine near La Sal, Utah.
Toronto, Ontario – September 26, 2011
Key Settlement Achieved on Water Rights for Energy Fuels’ Piñon Ridge Mill
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company") announced today that it has reached a key settlement with two of the Objectors to the Company’s water rights’ application for the proposed Piñon Ridge Uranium and Vanadium Mill (the “Mill”). On Wednesday September 21, a settlement agreement was filed in State of Colorado District Court, Water Division 4 (“Water Court”), whereby Energy Fuels settled with Sheep Mountain Alliance (“SMA”) and Living Rivers (“LR”), two regional conservation groups who intervened in the water application as Objectors. In that settlement agreement SMA and LR agreed to withdraw their opposition to the Company’s water rights application in exchange for Energy Fuels implementing certain environmental and water supply protections. The Water Judge quickly approved the settlement agreement as an Order of the Court.
Toronto, Ontario – August 23, 2011
State of Colorado Approves Energy Fuels’ Request to Defer Financial Assurance Payments
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), announced today that the Radiation Program of the Colorado Department of Public Health and Environment (CDPHE) has approved a request by the Company to defer its remaining financial assurance payments for the Piñon Ridge Uranium and Vanadium Mill until next construction season. This approval is an amendment to the company’s Radioactive Materials License (the “License”). The original payment schedule was based on mill construction starting in September 2011. However, due to ongoing litigation on the License, Energy Fuels will not be able to start construction until at least March 2012.
Toronto, Ontario – August 2, 2011
Energy Fuels Announces Acquisition of Additional Uranium and Vanadium Property in Utah’s Sage Plain District
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), announced today that the Company purchased a mining lease (the “Crain Lease”) in southeast Utah’s Sage Plain District from Uranium Energy Corp. (“UEC”) for $500,000 (CAD), together with the provision for a future overriding royalty. The Crain Lease is located on approximately 640- acres in San Juan County, Utah, and is near the historic Calliham and Sage Mines which are properties already controlled by Energy Fuels.
Toronto, Ontario – June 16, 2011
Energy Fuels Announces Resource Expansion and Consolidation Strategy for Second-Half of 2011
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), today announced plans to expand and consolidate the Company’s uranium and vanadium resources on the Colorado Plateau in the second half of 2011. These plans include a summer and fall drill program on currently-owned properties, resource verification and expansion, and technical report preparation to convert historic resource into NI 43-101 compliant resource. In addition, in the opinion of the Company the current market conditions represent a buying opportunity to acquire additional properties that can provide long-term feed for the Company’s planned Piñon Ridge Mill. Energy Fuels received strong market validation of this business model when it closed on $11.5 million of equity financing in the midst of the Japanese crisis in March.
Toronto, Ontario – April 14, 2011
Energy Fuels Increases Measured and Indicated Uranium Resources by 27% with Updated NI 43-101 Technical Reports
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), announced that the Company has updated the mineral resource estimates on its primary, fully permitted mining properties (the Whirlwind and Energy Queen Mines), as well as on its San Rafael project. The updated resource estimates result in a measured and indicated uranium mineral resource increase of about 27% from 5.1 million lbs. to more than 6.4 million lbs. U3O8. Inferred mineral resource increased by about 18% from 3.7 million lbs. to over 4.3 million lbs.
Toronto, Ontario – March 31, 2011
Energy Fuels Closes CDN $11.5 Million Financing, Including Full Exercise of The Over-Allotment Option
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), is pleased to announce that it has completed its previously announced public equity offering (the “Offering”). The Offering was made pursuant to a short form prospectus dated March 24, 2011, and consists of 23,000,000 units (the “Units”) at a price of CDN$0.50 per Unit for aggregate gross proceeds of CDN$11.5 million. Each Unit consists of one Common Share and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant a “Warrant”). Each Warrant entitles the holder to purchase one additional common share at a price of CDN$0.65 per common share until March 31, 2015.
Toronto, Ontario – March 24, 2011
Clarification on Energy Fuels Mill License Approval Press Release of January 6, 2011
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), reported the approval of the Radioactive Materials License by the Colorado Department of Public Health and Environment for the 500 ton per day Piñon Ridge uranium/vanadium mill facility on January 6, 2011. In that news release, information was provided concerning the targeted production rates for the proposed Piñon Ridge mill, as well as targeted mining production rates for Energy Fuels’ Whirlwind and Energy Queen properties. The Company wishes to advise investors that the targeted production rates, life of mine and projected pounds per year of uranium and vanadium production set out in the January 6, 2011 news release have not been supported by an independent economic assessment, as required by NI 43- 101, and these estimates should not be relied upon.
Toronto, Ontario – March 17, 2011
Energy Fuels Inc. Announces Terms of Public Equity Offering
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, announced today that it has priced its previously announced best efforts prospectus offering (the "Offering"). The Offering will consist of up to 20,000,000 units (the “Units”) at a price of $0.50 per Unit for aggregate gross proceeds of up to $10,000,000. Each Unit shall consist of one common share (a "Common Share") of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one Common Share of the Company at a price of $0.65 for a period of 48 months following the closing date of the Offering. The Warrants will not be listed for trading.
Toronto, Ontario – March 11, 2011
Energy Fuels Moves to Dismiss Suit Opposing Mill License
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, earlier announced that Sheep Mountain Alliance based in Telluride, Colorado had filed suit in District Court, City and County of Denver, Colorado, naming the Colorado Department of Public Health and Environment (CDPHE) as Defendant.
Toronto, Ontario – March 07, 2011
Energy Fuels’ Piñon Ridge Uranium/Vanadium Mill Receives Final Radioactive Materials License from State of Colorado
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, was issued the final Radioactive Materials License for the Piñon Ridge Uranium Mill today. As previously announced, on January 5, 2011 the Colorado Department of Public Health and Environment (“CDPHE”) approved a Radioactive Materials License for the 500 ton per day Piñon Ridge Mill facility to be constructed twelve miles west of Naturita, Colorado in western Montrose County. Energy Fuels had 60 days from the January 5, 2011 approval date to review the CDPHE decision and the license, and to request a formal hearing on the license. Energy Fuels decided not to request a formal hearing, and CDPHE issued the final license. The final license allows Energy Fuels to process an annual maximum quantity of ore at the mill not to exceed a daily operating average of 500 short tons of uranium and vanadium ore.
Toronto, Ontario – February 25, 2011
Energy Fuels Inc. Announces Filing of Preliminary Short Form Prospectus
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, announced today that it has filed a preliminary short form prospectus in connection with a best efforts offering (the “Offering”) of units (each, a “Unit”) in the capital of Energy Fuels. Each Unit consists of one common share (a “Common Share”) of the Company and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). The Offering is being made through a syndicate of agents led by Dundee Securities Ltd. and including Haywood Securities Inc., Scotia Capital Inc., Versant Partners Inc., Cormark Securities Inc. and Toll Cross Securities Inc. (collectively, the “Agents”). The Company has granted an over-allotment option (the “Over-Allotment Option”) to the Agents, pursuant to which the Agents may purchase, for a period of 30 days following the closing of this Offering, additional Units (the “Over-Allotment Units”), in a maximum number equal to 15% of the number of Units sold pursuant to the Offering.
Toronto, Ontario – February 24, 2011
Colorado Department of Public Health and Environment Files Motion to Dismiss Sheep Mountain Alliance Lawsuit Challenging License Approval for Energy Fuels’ Piñon Ridge Uranium Mill
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, earlier announced that Sheep Mountain Alliance based in Telluride, Colorado had filed suit in District Court, City and County of Denver, Colorado, naming the Colorado Department of Public Health and Environment (CDPHE) as Defendant, and Energy Fuels’ Colorado subsidiary, Energy Fuels Resources Corp. as an Indispensible Party.
Toronto, Ontario – February 10, 2011
Energy Fuels Acquires Calliham Uranium/Vanadium Mine in Sage Plain Area of Utah
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company announced today that the Company has acquired a mining lease (the Calliham lease) consisting of approximately 320 acres in San Juan County, Utah, from Nuvemco, LLC for consideration of 1,064,895 shares of Energy Fuels common stock. There is a historical mineral resource estimate on the property of 520,000 lbs. U3O8 and 3.5 million lbs. V2O5 based on drilling done by Atlas Minerals and Umetco Minerals in the late 1970s and 1980s (which pre-dates the adoption of NI 43-101). These drilling results were documented by Umetco Minerals Corp. (successor to Union Carbide Corp.) in a report prepared in 1991 and in the Company’s possession. In the opinion of Energy Fuels’ geologists, these estimates are relevant because of the proximity of the property to the Company’s proposed Piñon Ridge Mill and very reliable, given that Umetco was a highly professional and successful producer in the region, actually producing from the Calliham Mine for several years.
Toronto, Ontario – February 9, 2011
Energy Fuels’ Piñon Ridge Uranium Mill Radioactive Materials License Challenged by Sheep Mountain Alliance
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, learned late Tuesday of a complaint in District Court, City and County of Denver, Colorado, brought by Sheep Mountain Alliance out of Telluride, Colorado. That complaint names the Colorado Department of Public Health and Environment as Defendant, and Energy Fuels’ Colorado subsidiary, Energy Fuels Resources Corp. as an Indispensible Party and alleges improprieties in the January 5, 2011, issuance of the Radioactive Materials License for the Company’s Piñon Ridge Uranium Mill.
Toronto, Ontario – February 4, 2011
Energy Fuels’ Piñon Ridge Uranium Mill County Special Use Permit Upheld by Colorado District Court in Montrose County
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, learned that today, February 4, 2010, Judge James Schum of the State of Colorado District Court in Montrose County denied the legal challenge by Sheep Mountain Alliance of the decision by the Montrose County Board of County Commissioners (Board) to approve the Special Use Permit for the Company’s Piñon Ridge Mill, originally approved on September 30,2009. This ruling will allow for construction to proceed on the mill once all remaining state and federal permits are obtained and a reclamation bond is posted with the State of Colorado.
Toronto, Ontario – February 3, 2011
Energy Fuels Acquires Hollie Claims- Expands Mineral Resources in the San Rafael Project, Emery County Utah
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, announced today that the Company has agreed to acquire a 100% interest in a block of ten mining claims (the Hollie Claims) in Emery County, Utah, from Titan Uranium Corp. Based on the amended technical report entitled “Magnum Uranium Corp.’s Deep Gold Uranium Deposit, Emery County, Utah” dated May 21, 2009 (filed on Sedar by Magnum Uranium on May 22, 2009), the Hollie Claims contain an indicated mineral resource of 983,300 pounds U3O8 from 158,200 tons at a grade of 0.311% U3O8. This resource was originally drilled on an approximate 100ft. x 100ft. grid by Pioneer-Uravan in the late 70’s with confirmation drilling done by Magnum Uranium in 2007.
Toronto, Ontario – January 6, 2011
Energy Fuels Granted Approval for License for Piñon Ridge Uranium/Vanadium Mill by Colorado Department of Public Health and Environment
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), reported today that it has been granted approval by the Colorado Department of Public Health and Environment (“CDPHE”) of a Radioactive Materials License (“the license”) for the 500 ton per day Piñon Ridge Mill facility to be constructed twelve miles west of Naturita, Colorado in western Montrose County.
Toronto, Ontario – December 6, 2010
Energy Fuels' and Royal Resources' JV "Colorado Plateau Partners" Acquires Uravan Mineral Belt Properties from Uranium One
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company, and Royal Resources Limited ("Royal"), its Perth, Australia based 50/50 joint venture partner, announced today that their Colorado Plateau Partners LLC joint venture ("CPP") has acquired 94 contiguous mining claims (1,942 acres)
Toronto, Ontario – December 3, 2010
Energy Fuels’ Piñon Ridge Mill Receives Favorable Editorial Comment from The Denver Post
Energy Fuels Inc. (TSX-EFR) (“Energy Fuels” or the “Company”), an advanced uranium and vanadium development company reported today that the Denver Post published an editorial entitled “Uranium Mill in Colorado Could Benefit State, Nation”, in their print and online editions of December 2, 2010.
Toronto, Ontario – November 30, 2010
Energy Fuels Expands Uranium Property Position Adjoining Energy Queen Mine
Energy Fuels Inc. (TSX-EFR) (“Energy Fuels” or the “Company”), an advanced uranium and vanadium exploration and development company, announced today that it has entered into an agreement with Uranium One to acquire two Utah State Mineral Leases and 13 unpatented claims accessible from the Energy Queen Mine, located near La Sal, Utah.
Toronto, Ontario – November 16, 2010
Energy Fuels Submits Final Regulatory Agency Responses for Piñon Ridge Mill License Application
On November 12, 2010, Energy Fuels submitted the last set of responses to the technical review comments and questions posed by the Radiation Program officials of the Colorado Department of Public Health and Environment. As of this date, all the necessary technical responses have been filed. The Company is now awaiting a decision from the State.
Toronto, Ontario – November 10, 2010
Drilling by Energy Fuels’ JV “Arizona Strip Partners” Confirms Use of Geophysical Techniques to Locate Breccia Pipes
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium exploration and development company, and Royal Resources Limited (ASX-ROY) (“Royal”), its Perth, Australia based joint venture partner, announced today that the Arizona Strip Partners LLC (“ASP”) joint venture, formed in May of 2008 by the companies, has completed two drill holes confirming successful application of two geophysical exploration techniques to locate breccia pipe targets in the Arizona Strip.
Toronto, Ontario – October 14, 2010
Energy Fuels Acquires Additional DOE Lease in Colorado;
Contracts for Consulting Support from Nuclear Industry Veteran
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), has been awarded a Department of Energy (DOE) lease tract (SR-12) that was originally released for bid by DOE in the May, 2008 lease sale. This 641 acre lease, in western San Miguel County, Colorado (within the Uravan Mineral Belt), was originally won by another bidder who subsequently dropped the lease. It is contiguous with other properties held by Colorado Plateau Partners Joint Venture in which the Company is partnered with Australian company Royal Resources.
Toronto, Ontario – September 30, 2010
Energy Fuels Accumulates Uranium Pounds and Continues Uravan Mineral Belt Consolidation
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium exploration and development company,announced today that it has entered into an agreement with Zenith Minerals, LLC (Zenith) to acquire from Zenith US Department of Energy (DOE) Lease C-AM-19 which hosts a historical resource of approximately 400,000 lbs of U3O8 and 2 million lbs of V2O5.
Toronto, Ontario – July 7, 2010
Energy Fuels Announces Non-Brokered Private Placement with Dundee Resources Limited
Proceeds Used to Advance Permitting of Piñon Ridge Mill
Highlights-
- Gross Proceeds: $3,080,000 in Canadian Funds
- Offering: Non-brokered private placement of 19,250,000 shares
- Offering Price: $0.16 per common share
- Use of Proceeds: Advancement of the approval of the Piñon Ridge Mill License Application, and overall business plan objectives
Toronto, Ontario – June 8, 2010
Energy Fuels Provides Project Update and Corporate Status Review
- January 17, 2011 Deadline for License Decision on the Piñon Ridge Mill
- Bureau of Land Management (BLM) Approval of Notice of Intent (NOI) for Exploration on Pocket 2 Claims in the Arizona Strip
- Ongoing Geologic, Geophysical, and Economic Evaluation of Mineral Properties
- Compliance on All Permits at the Whirlwind and Energy Queen Mines
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), is pleased to provide an update on its projects as well as the status of the Company since the appointment of Steve Antony as President and CEO on April 1 of this year.
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Toronto, Ontario – April 1, 2010
Energy Fuels Announces Appointment of Stephen P. Antony as President and CEO
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), is pleased to announce the appointment of Stephen P. Antony as President and Chief Executive Officer of the Company. Mr. Antony has served as Executive Vice President and Chief Operating Officer of Energy Fuels since late 2006 and has been an integral part of Energy Fuels’ senior management team. Steve was hand picked by Energy Fuels’ founder, George Glasier, to provide day to day direction of Company activities, and to oversee all operational details, and he participated in the early planning and development of the Company. His long term industry participation and knowledge were instrumental in assembling the Energy Fuels management team, and he also played a key role in the $30.1 million (Canadian) private placement closed in December, 2006.
Toronto, Ontario – March 04, 2010
Energy Fuels and Royal Resources Announce Uranium Property Acquisition and Arizona Strip Exploration Activities
Key Points
- Joint Venture acquires known mineralized breccia pipe, and second breccia pipe target, both outside Department of Interior withdrawal area boundary
- No up-front cost
- VTEM geophysical exploration techniques applied and verified for breccia pipe exploration
- Three new breccia pipe targets located with further exploration planned
Dec 21, 2009
Energy Fuels Piñon Ridge Mill License Application Determined Complete by Colorado Department of Public Health and Environment
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), is pleased to announce that its Piñon Ridge Uranium/Vanadium Mill project has cleared another major hurdle on the path to production. On December 18th, Energy Fuels was notified by the Colora
Nov 18, 2009
Energy Fuels Files Radioactive Material License Application with Colorado Department of Public Health and Environment and Announces Appointment of New Director
Energy Fuels Inc. (TSX-EFR) ("Energy Fuels" or the "Company"), continues to advance its Piñon Ridge uranium/vanadium milling project toward construction by filing a Radioactive Material License Application (the Application) and Environmental Report (the E