Energy Fuels and Strathmore Provide Update on Energy Fuels' Acquisition of Strathmore Minerals

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") and Strathmore
Mineral Corp.  ("Strathmore") (TSX:STM) (OTCQX:STHJF) today provided an update
regarding the previously announced transaction (the "Transaction") whereby
Energy Fuels proposes to acquire all of the issued and outstanding shares of
Strathmore Minerals Corp. by way of a plan of arrangement (the "Arrangement").  


On Wednesday, August 21, 2013, the Supreme Court of British Columbia (the
"Court") issued its Final Order in respect of the Transaction in accordance with
the Business Corporations Act (British Columbia). In its Final Order, the Court
approved the Arrangement, holding that the Arrangement is procedurally and
substantively fair and reasonable to holders of Strathmore common shares,
options and restricted stock units.


Today, the Company received a clearance letter (the "Clearance Letter") from the
Committee on Foreign Investment in the United States ("CFIUS"). The Clearance
Letter was issued by CFIUS following a 30-day review pursuant to a joint notice
submitted by Energy Fuels and Strathmore. Issuance of the Clearance Letter is an
important regulatory milestone required for the closing of the Transaction.


As a result of the Final Order and today's receipt of the Clearance Letter,
Energy Fuels expects to complete the Transaction at 11:59 p.m. (Eastern) on
August 30, 2013, subject to the satisfaction of certain customary closing
conditions. The Company had previously announced that it expected the
Transaction to be completed on August 28, 2013. 


About Energy Fuels: Energy Fuels is America's largest conventional uranium
producer, supplying approximately 25% of the uranium produced in the U.S. The
Company is also a significant producer of vanadium. Energy Fuels operates the
White Mesa Mill, which is the only conventional uranium mill currently operating
in the U.S. The mill is 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.


Additional information about Energy Fuels Inc. is available by visiting Energy
Fuels' website at www.energyfuels.com or under its profile on SEDAR at
www.sedar.com.


About Strathmore: Strathmore Minerals Corp. is a Canadian based resource company
specializing in the strategic acquisition, exploration and development of
mineral properties in the United States. Headquartered in Vancouver, British
Columbia with a branch administrative office in Kelowna, the company also has
U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. 


Additional information about Strathmore Minerals Corp. is available by visiting
Strathmore's website at www.strathmoreminerals.com or under its profile on SEDAR
at www.sedar.com.


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, which may include, but is not limited to,
statements with respect to the future financial or operating performance of the
Company, Strathmore and their projects. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"plans", "expects" "does not expect", "is expected", "is likely", "budget"
"scheduled", "estimates", "forecasts", "intends", "anticipates", "does not
anticipate", or "believes", or variations of such words and phrases, or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur", "be achieved" or "have the potential to". All
statements, other than statements of historical fact, herein including the
proposed closing date are considered to be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company or Strathmore to be materially different from any future results,
performance or achievements express or implied by the forward-looking
statements. Factors that could cause actual results to differ materially from
those anticipated in these forward-looking statements are described under the
caption "Risk Factors" in the Company's Annual Information Form dated December
20, 2012 or Strathmore's Annual Information Form dated March 27, 2013, which is
available for view on the System for Electronic Document Analysis and Retrieval
at www.sedar.com. Forward-looking statements contained herein are made as of the
date of this news release, and the Company and Strathmore disclaim, other than
as required by law, any obligation to update any forward-looking statements
whether as a result of new information, results, future events, circumstances,
or if management's estimates or opinions should change, or otherwise. There can
be no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathmore Minerals Corp.
Craig Christy
Investor Relations
Toll free: 1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com


Energy Fuels Inc.
Curtis Moore
Investor Relations
(303) 974-2140 or Toll free: 1-888-864-2125
investorinfo@energyfuels.com
www.energyfuels.com
Energy Fuels (TSX:EFR)
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