Energy Fuels Stock Options Exercised by Former Magnum Uranium Shareholders
15 Dezembro 2010 - 2:52PM
Marketwired
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), an
advanced uranium and vanadium development company reported today
that since November 1, 2010, it has raised $461,565 through the
exercise of stock options held by former employees, consultants,
and affiliates of Magnum Uranium Corp. The exercise of these
options resulted in a further 1,025,700 shares of Energy Fuels
common stock being issued, bringing the total outstanding to
98,281,407 shares. Fully diluted shares remain unchanged at
103,823,707. Magnum Uranium Corp. and Energy Fuels completed a
business combination on June 30, 2009.
"We were obviously pleased to receive this cash infusion, which
has added significantly to our treasury balance." commented Steve
Antony, President and CEO of Energy Fuels. "These funds will
contribute to our ongoing mill licensing effort as well as the
implementation of our regional consolidation plan."
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium
mineral development company actively rehabilitating and developing
formerly producing mines. With more than 38,000 acres of highly
prospective uranium and vanadium property located in the states of
Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration
properties in Saskatchewan's Athabasca Basin totaling approximately
32,000 additional acres, the Company has a full pipeline of
additional development prospects. Energy Fuels, through its
wholly-owned Colorado subsidiary, Energy Fuels Resources
Corporation and its British Columbia subsidiary, Magnum Uranium
Corp., has assembled this property portfolio along with a first
class management team, including highly skilled technical mining
and milling professionals based in Lakewood and Naturita, Colorado
and Kanab, Utah.
This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended and "Forward Looking Information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward-looking statements and forward-looking
information that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time-to-time
with the British Columbia, Alberta and Ontario Securities
Commissions.
Contacts: Energy Fuels Inc. Gary Steele Investor Relations (303)
974-2140 or Toll free: 1-888-864-2125 investorinfo@energyfuels.com
www.energyfuels.com
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