LAKEWOOD, CO, Dec. 23, 2017 /CNW/ -Energy Fuels Inc. (NYSE
MKT: UUUU; TSX: EFR) ("Energy Fuels" or the "Company") is
pleased to reiterate our past and present support of Bears Ears
National Monument ("BENM").
We would like to take this opportunity to reiterate our support
for increased protection of areas in southeast Utah that contain unique scientific,
environmental, and scenic resources, and our support for policies
that allow Native Americans to manage and protect valuable cultural
resources and religious sites. Designating public lands as a
national monument is one means of achieving these objectives, and
we respect and support the ultimate decision to designate BENM as
the preferred means for protecting these lands. Although we
proposed some minor adjustments to the original boundaries of BENM
that abutted some of our existing operations, those proposed
adjustments were very minor and insignificant compared to the
original size of BENM.
We also would expect to support legislation, similar to what is
currently pending in Congress, which would codify a mineral
withdrawal on the land within the original boundaries of BENM, or a
similar Presidential or administrative action. While a national
monument abutting our existing operations could lead to unnecessary
conflicts affecting lands adjacent to, but outside, of the
monument, which is why we proposed a minor buffer between BENM's
original boundaries and our existing operations, we do not have the
same concern with a withdrawal, because our company has no
intention to mine or explore for uranium anywhere within the
current or originally designated boundaries of BENM.
Mark Chalmers, President of
Energy Fuels stated: "We are proud of our position on these
critical land use matters and of our support for BENM. All of our
operations and mineral properties fall outside of BENM as
originally and currently designated. And, since we have no
intention of mining or exploring anywhere within the originally
designated BENM, we would support a proposed mineral withdrawal on
all of this land. We are also very proud of the many benefits our
company's activities bring to southeast Utah and the country as a whole, as uranium
fuels 20% of all electricity in the
United States – and 60% of our non-emitting, zero-carbon
electricity. As a major local employer with a decades-long
relationship with people living and working in San Juan County, Utah, including a significant
number of Native Americans, we will continue to help promote
responsible stewardship of these lands for many years to come."
About Energy Fuels: Energy Fuels is a leading
integrated US-based uranium mining company, supplying
U3O8 to major nuclear utilities. Energy Fuels
holds three of America's key uranium production centers, the White
Mesa Mill in Utah, the Nichols
Ranch Processing Facility in Wyoming, and the Alta Mesa Project in
Texas. The White Mesa Mill is the
only conventional uranium mill operating in the U.S. today and has
a licensed capacity of over 8 million pounds of
U3O8 per year. The Nichols Ranch Processing
Facility is an ISR production center with a licensed capacity of 2
million pounds of U3O8 per year. Alta Mesa is an ISR production center currently
on care and maintenance. Energy Fuels also has the largest NI
43-101 compliant uranium resource portfolio in the U.S. among
producers, and uranium mining projects located in a number of
Western U.S. states, including one producing ISR project, mines on
standby, and mineral properties in various stages of permitting and
development. The Company also produces vanadium as a co-product of
its uranium production from certain of its mines on the Colorado
Plateau, as market conditions warrant. The Company's common shares
are listed on the NYSE MKT under the trading symbol "UUUU", and on
the Toronto Stock Exchange under the trading symbol "EFR".
Cautionary Note Regarding Forward-Looking
Statements: Certain information contained in this news
release, including any information relating to the Company being a
leading producer of uranium in the U.S. and any other statements
regarding Energy Fuels' future expectations, beliefs, goals or
prospects; constitute forward-looking information within the
meaning of applicable securities legislation (collectively,
"forward-looking statements"). All statements in this news release
that are not statements of historical fact (including statements
containing the words "expects", "does not expect", "plans",
"anticipates", "does not anticipate", "believes", "intends",
"estimates", "projects", "potential", "scheduled", "forecast",
"budget" and similar expressions) should be considered
forward-looking statements. All such forward-looking statements are
subject to important risk factors and uncertainties, many of which
are beyond Energy Fuels' ability to control or predict. A number of
important factors could cause actual results or events to differ
materially from those indicated or implied by such forward-looking
statements, including without limitation factors relating to: the
Company being a leading producer of uranium in the U.S.and
other risk factors as described in Energy Fuels' most recent annual
report on Form 10-K and quarterly financial reports. Energy
Fuels assumes no obligation to update the information in this
communication, except as otherwise required by law. Additional
information identifying risks and uncertainties is contained in
Energy Fuels' filings with the various securities commissions which
are available online at www.sec.gov and www.sedar.com.
Forward-looking statements are provided for the purpose of
providing information about the current expectations, beliefs and
plans of the management of Energy Fuels relating to the future.
Readers are cautioned that such statements may not be appropriate
for other purposes. Readers are also cautioned not to place undue
reliance on these forward-looking statements, that speak only as of
the date hereof.
SOURCE Energy Fuels Inc.