NetworkNewsBreaks – Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) Releases Q1-2020 Results
May 4, 2020
Energy Fuels (NYSE: UUUU) (TSX: EFR) on Friday reported its financial results for the quarter ended March 31, 2020. According to the update, the Company’s quarterly report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission (“SEC”) and may be viewed on the Electronic Document Gathering and Retrieval System (“EDGAR”) at www.sec.gov/edgar.shtml, on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and on the Company’s website. “Energy Fuels continued to be the clear leader in the U.S. uranium space during Q1-2020. We received excellent news from the U.S. government in February when President Trump published his Budget for fiscal year 2021, which seeks appropriations totaling $1.5 billion over the next 10 years to create a new strategic U.S. uranium reserve,” Energy Fuels’ President and CEO Mark S. Chalmers stated in the news release. “Then, on April 23, 2020, the long-awaited report of the Nuclear Fuel Working Group was released, which demonstrated the U.S. government’s strong commitment to restoring U.S. nuclear energy leadership and reviving and strengthening the U.S. uranium mining industry. Energy Fuels has taken the leading role in obtaining the U.S. government’s support for U.S. uranium miners, spending more time and money on this initiative than any other U.S. uranium miner. And, this makes sense, since we have been the largest U.S. uranium producer since 2017, our assets have produced 34% of all U.S. uranium since 2006, and we have more proven facilities, more permitted resources, and more production capacity than any other U.S. miner. We believe that Energy Fuels should be a major beneficiary of any U.S. government support for the industry. We look forward to working with the U.S. government to ensure their initiatives to support domestic uranium production are successful and taxpayer dollars are spent wisely.”
To view the full press release, visit http://nnw.fm/r1hvW
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. 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. 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.” For more information, visit the Company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
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