Clarification on Energy Fuels Mill License Approval Press Release of January 6, 2011
24 Março 2011 - 11:59AM
Marketwired
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 Pinon Ridge uranium/vanadium mill facility on January
6, 2011. In that news release, information was provided concerning
the targeted production rates for the proposed Pinon 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.
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium
mineral development company. 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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