Energy Fuels Completes Acquisition of Interests in Sage Plain Uranium & Vanadium Properties from Aldershot Resources
02 Outubro 2012 - 7:00AM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") is
pleased to announce the closing of its acquisition of the interests
of Aldershot Resources Ltd. ("Aldershot") in the Sage Plain Project
for US$750,000 in cash, the cancellation of debt owed by Aldershot
to Energy Fuels, and 3,527,570 shares of Energy Fuels common
stock.
In the transaction, Energy Fuels purchased Aldershot's
membership interest in Colorado Plateau Partners LLC ("CPP"), a
50/50 joint venture between Energy Fuels and Aldershot. CPP holds a
majority of the properties in the Sage Plain Project Area including
the Calliham lease, the Crain lease, four Utah State leases and 94
unpatented mining claims on BLM land. As a result of the
acquisition, Energy Fuels now owns 100% of the Sage Plain Project,
which is located about 15-miles northeast of Monticello, Utah and
about 54 road miles from Energy Fuels' White Mesa Mill, the only
conventional uranium and vanadium processing facility operating in
the U.S. The general location of the Sage Plain Project is shown on
the following link:
http://media3.marketwire.com/docs/823245_map.pdf.
Permitting on the Sage Plain Project has been initiated, and the
Company anticipates receiving approvals for the project within the
next 12-18 months. As has been previously reported, the Sage Plain
Project contains 642,971 tons of measured and indicated resource at
grades of 0.22% uranium (eU3O8) and 1.39% vanadium (V2O5), or
2,833,795 lbs. uranium and 17,829,289 lbs. vanadium.
In addition, as a part of this transaction, Energy Fuels also
acquired Aldershot's interest in several prospective exploration
properties in northern Arizona.
Stephen P. Antony, P.E., President & CEO of Energy Fuels, is
a Qualified Person as defined by National Instrument 43-101 and has
reviewed and approved the technical disclosure contained in this
document.
About Energy Fuels: Energy Fuels is America's largest
conventional uranium and vanadium producer, supplying nearly a
third of the uranium produced in the U.S. The company operates the
White Mesa Mill, which is the only conventional uranium mill
currently operating in the U.S., capable of processing 2,000 tons
per day of uranium ore. Energy Fuels has projects located
throughout the Western U.S., including producing mines and mineral
properties in various stages of permitting and development.
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. Curtis Moore Investor Relations
(303) 974-2140 or Toll free:
1-888-864-2125investorinfo@energyfuels.com www.energyfuels.com
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