Energy Fuels Acquires Hollie Claims-Expands Mineral Resources in the San Rafael Project, Emery County Utah
03 Février 2011 - 2:45PM
Marketwired
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), an
advanced uranium and vanadium development company, announced today
that the Company has agreed to acquire a 100% interest in a block
of ten mining claims (the Hollie Claims) in Emery County, Utah,
from Titan Uranium Corp. Based on the amended technical report
entitled "Magnum Uranium Corp.'s Deep Gold Uranium Deposit, Emery
County, Utah" dated May 21, 2009 (filed on Sedar by Magnum Uranium
on May 22, 2009), the Hollie Claims contain an indicated mineral
resource of 983,300 pounds U3O8 from 158,200 tons at a grade of
0.311% U3O8. This resource was originally drilled on an approximate
100ft. x 100ft. grid by Pioneer-Uravan in the late 70's with
confirmation drilling done by Magnum Uranium in 2007.
The Hollie Claims, located about 120 miles from the site of
Energy Fuels' recently approved Pinon Ridge uranium mill, are
surrounded by claims in the San Rafael uranium district acquired by
the Company from Magnum Uranium in the merger completed June 30,
2009. The purchase price for the Hollie Claims will be satisfied by
the issuance of 1,046,067 shares of Energy Fuels common stock.
Steve Antony, President and CEO of Energy Fuels stated that,
"With the addition of these indicated resources to our existing San
Rafael 43-101 compliant U3O8 mineral resource base of 1.4 million
lbs. measured and indicated and 1.3 million lbs. inferred
resources, we now have sufficient resources in place to justify a
mine plan and further development of the San Rafael project. We
feel that additional drilling will expand the resource in the area
even further."
Stephen P. Antony, President and CEO, and a Qualified Person as
defined by National Instrument 43-101 has reviewed and approved the
content of this press release.
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
Energy Fuels (TSX:EFR)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Energy Fuels (TSX:EFR)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024