Mark Chalmers
CEO Spotlight
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Energy Fuels Provides Update on Acquisition of Mesteña Uranium; Closing Expected On or Before June 16, 2016
Lakewood, Colorado – June 13, 2016 Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), a leading producer of uranium in the United States, wishes to report that it currently expects to complete the acquisition of Mesteña Uranium, LLC...
Energy Fuels Completes Transaction that Increases its Ownership in the Roca Honda Project to 100%
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Nichols Ranch
Henry Mountains
Canyon Mine
Daneros
EZ1, EZ2
La Sal
Roca Honda
Sage Plain
Sheep Mountain
Wate
Whirlwind
White Mesa Mill
Reno Creek
Alta Mesa ISR Mine & Plant
Safety, health and protection of the environment are of paramount importance to Energy Fuels
Our Uranium Mining Operations
Conventional Uranium Production
Energy Fuels is the only conventional uranium producer in America. We take great pride in owning and operating a mill and conventional mines that can produce up to 8 million pounds of uranium per year – and we have the capability to increase production at those operations faster – and on a greater scale – than our peers as uranium prices rise in the coming years
Large-Scale Production Scalability
Our primary goal is to become the dominant producer of U.S. uranium in the world. We became the #1 uranium producer in the U.S. in 2017, we hold more production capacity than any other company in the U.S., and we have the largest NI 43-101 uranium resource base in the U.S. These assets provide Energy Fuels with the tools we need to accomplish our goal and become a major uranium producer on a global scale.
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Uranium Mine Cleanup
Energy Fuels is more than a uranium production company. We are also seeking to participate in EPA cleanups of abandoned uranium mines and other sites that contain natural uranium. Energy Fuels offers a variety of uranium mine cleanup, environmental cleanup, and other cleanup and recycling services.
The Only Primary Vanadium Producer in North America
In 2018, Energy Fuels is going to become the only primary vanadium producer in North America. Vanadium is mainly in steel and high strength alloys, but it also might be the next big thing in the clean energy industry as a component in large-scale batteries that can be used to store electricity generated from wind and solar.
As the leading U.S. uranium miner and producer, Energy Fuels is proud to be at the forefront of one of the cleanest forms of readily-available energy on the market today. Our seasoned management team has the knowledge and experience to bring responsible U.S. uranium production to the world and drive shareholder value.
Over the years, we’ve consolidated the best properties in the U.S. uranium mining space, becoming the leader in U.S. uranium production, thanks to thoughtful strategies designed to boost future production scalability, reduce production costs, and increase resource holdings. However, we also take the environmental impact of uranium mining seriously, and we’re committed to minimizing harm through a commitment to high standards, meeting or exceeding regulatory requirements, recycling uranium alternate feeds, and efforts to participate in EPA led programs to clean up Cold War era uranium mines.
At Energy Fuels, we not only provide clean and affordable energy, we do so in an environmentally responsible manner. We are good neighbors in the communities that support us, an accountable partner to investors in uranium stocks, and conscientious stewards of the planet.
Energy Fuels is the key supplier of U.S.-sourced uranium to major nuclear utilities worldwide, as well as the only uranium stock with both conventional and ISR uranium production in America. But we’re so much more. We produce vanadium, we recycle uranium alternate feeds, and we demonstrate our commitment to environmental protection every day. We’re a company that cares, and it shows in everything we do.
Energy Fuels is also one of the newest vanadium producers in the world, and the only publicly-traded vanadium stock in the United States. Vanadium is used in steel and high-strength alloys. But, it is also being deployed in battery technologies to store renewable energy. Energy Fuels has a growing role in our clean energy future.
High-Grade Uranium Production
Between the White Mesa Mill, the only operating conventional uranium mill in the U.S., and other ISR mining operations and projects across the country, Energy Fuels produces uranium from some of the highest-grade uranium deposits in the world. Thanks to years of strategic planning and growth, our capabilities for scaling up U.S. production to meet demand on a global scale are unmatched, and we’re proud to offer high-quality uranium energy products to our customers. We’re also pleased to be on the forefront of a new wave of green energy technology as the primary U.S. producer of vanadium.
High Standards for Operations
Our impressive production capabilities rely on strategic planning, established facilities with proven track records of performance, and a talented and experienced team dedicated to making Energy Fuels the leading uranium producer in the U.S. Our uranium production scalability allows us to maintain the flexibility required to meet changing demands without sacrificing quality or standards. We’re committed to sustainable development, and that includes operating in a safe and responsible manner for the benefit of our employees, the communities in which we operate, and the environment.
Environmental Stewardship
At Energy Fuels, our approach to environmental stewardship is three-fold. First, our production philosophy revolves around doing less harm from the outset, which is why we take precautions to minimize any potential environmental impact throughout the course of production. We meet or exceed all applicable federal, state, and local laws and regulations designed to protect the health of our planet and its inhabitants.
Second, we’re committed to environmental cleanup, which is why we are seeking to partner with the EPA on cleanup projects involving abandoned Cold War era uranium mines and related sites.
Finally, we’re proud to produce a fuel source that helps to reduce carbon and other harmful emissions, unlike other traditional energy sources that continue to contribute to global air pollution and climate change. Uranium energy is a clean alternative to fossil fuels, and at Energy Fuels, we’re proud to provide the efficient and environmentally-conscious energy resources U.S. consumers expect and deserve.