News Releases

Energy Fuels Announces Election of Directors

LAKEWOOD, Colo., June 12, 2024 /CNW/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), a leading U.S.-based critical minerals company, announces the results of the election of directors at its annual and special meeting of shareholders (the "Meeting") held virtually on June 11, 2024.

The ten (10) nominees proposed by management for election as directors were elected by the shareholders of the Company, through a combination of votes by proxy and electronic poll, as follows:

Nominee

Votes For

% For

Votes Withheld or
Abstained

% Withheld or
Abstained

J. Birks Bovaird

45,321,752

91.23 %

4,358,256

8.77 %

Mark S. Chalmers

47,226,027

95.06 %

2,453,981

4.94 %

Benjamin Eshleman III

47,674,386

95.96 %

2,005,622

4.04 %

Ivy V. Estabrooke

47,119,198

94.85 %

2,560,810

5.15 %

Barbara A. Filas

46,967,300

94.54 %

2,712,708

5.46 %

Bruce D. Hansen

47,922,396

96.46 %

1,757,612

3.54 %

Jaqueline Herrera

46,948,646

94.50 %

2,731,362

5.50 %

Dennis L. Higgs

48,312,025

97.25 %

1,367,983

2.75 %

Robert W. Kirkwood

47,763,461

96.14 %

1,916,547

3.86 %

Alexander G. Morrison

48,511,981

97.65 %

1,168,027

2.35 %

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium and critical minerals company. The Company, as a leading producer of uranium in the United States, mines uranium and produces natural uranium concentrates that are sold to major nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels recently began production of advanced rare earth element ("REE") materials, including mixed REE carbonate in 2021, and commenced production of commercial quantities of separated REEs in 2024. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. Its corporate offices are in Lakewood, Colorado, near Denver, and substantially all its assets and employees are in the United States. Energy Fuels holds two of America's key uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery ("ISR") Project in Wyoming. 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 products, from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Company recently acquired the Bahia Project in Brazil and entered into a joint venture agreement to develop the Donald Project in Australia, each of which is believed to have significant quantities of titanium (ilmenite and rutile), zirconium (zircon) and REE (monazite) minerals. 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 in production, 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.

SOURCE Energy Fuels Inc.

For further information: For further information: Energy Fuels Inc., Curtis Moore - Senior VP - Marketing & Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com
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