EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") announced today
that Denver District Court Judge John N. McMullen ruled in favor of the Colorado
Department of Public Health and Environment ("CDPHE") and Energy Fuels, Inc.
("Energy Fuels") on the ten substantive environmental, health, and safety claims
in a case challenging CDPHE's issuance of a radioactive materials license for
the Pinon Ridge project to Energy Fuels. The Judge did rule partially in favor
of Plaintiffs on one claim, ordering a time-limited administrative hearing on
the issuance of the License.


The claim, brought by plaintiff Sheep Mountain Alliance and intervening parties
the Towns of Telluride and Ophir (collectively, the "Plaintiffs"), alleged that
CDPHE failed to comply with procedural and substantive requirements for
licensing of radioactive material in its issuance of the License. 


The Court rejected all of Plaintiffs' substantive environmental, health, and
safety arguments in their entirety, holding that CDPHE and Energy Fuels complied
with statutory and regulatory requirements regarding financial assurance,
decommissioning, and standards pertaining to air emissions control and
groundwater. 


While acknowledging the extensive administrative record, numerous public
meetings, and substantial public comment, the Court did require that CDPHE
conduct a public hearing which includes the opportunity for cross-examination of
witnesses. Such hearing will take place within 75 days of July 5, 2012. The
current License issued to Energy Fuels will be set aside pending the outcome of
the public hearing.


"While the State is required to conduct a hearing which will further delay the
project, we are generally pleased with the outcome of today's decision," said
President & CEO Stephen P. Antony. "The decision by Judge McMullen rejected
every one of Plaintiff's claims suggesting that our license somehow failed to
fully protect public health and the environment on the West Slope. Based on the
Court's decision, we are confident that after this procedural issue is resolved,
the license will be reissued." 


About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral
development company. The Company recently acquired Titan Uranium Inc., including
the Sheep Mountain Project in the Crooks Gap District of Wyoming. The Company
also received a Final Radioactive Materials License from the State of Colorado
for the proposed Pinon Ridge Uranium and Vanadium Mill in March 2011. The mill
will be the first uranium mill constructed in the United States in over 30
years.


With about 61,000 acres of highly prospective uranium and vanadium properties
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 subsidiaries,
Energy Fuels Resources Corporation, Titan Uranium Inc., and 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.

Energy Fuels (TSX:EFR)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Energy Fuels (TSX:EFR)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024