Denver District Judge Denies Motions to Dismiss Sheep Mountain Alliance Suit Opposing Mill License
27 Mai 2011 - 9:49PM
Marketwired
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"),
today announced that motions filed by the Company and the Colorado
Department of Public Health and Environment ("CDPHE"), to dismiss a
lawsuit by Sheep Mountain Alliance opposing the Radioactive
Materials License for the Pinon Ridge Mill, were denied on May 25,
2011 by Denver District Court.
"We were not surprised by the judge's decision to allow the
lawsuit to move forward," stated Company President and CEO, Stephen
P. Antony. "It is always difficult to get a case dismissed at this
very early stage of litigation. We remain confident that CDPHE and
Energy Fuels will prevail on the merits."
This was primarily a decision addressing issues of jurisdiction
and standing for the plaintiffs. The decision by the court did not
review or address any facts or substantive aspects of the
complaint.
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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